{"id":13834,"date":"2019-10-06T11:11:24","date_gmt":"2019-10-06T18:11:24","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13834"},"modified":"2019-09-30T13:29:58","modified_gmt":"2019-09-30T20:29:58","slug":"private-buyers-remain-the-most-active-in-bc-commercial-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/10\/private-buyers-remain-the-most-active-in-bc-commercial-market\/","title":{"rendered":"Private Buyers Remain The Most Active in BC Commercial Market"},"content":{"rendered":"<p style=\"text-align: justify;\">Private buyers remain the most active contingent in BC\u2019s commercial market, according to the Mid-Year 2019 Investment Review (British Columbia) report by Avison Young.<\/p>\n<p style=\"text-align: justify;\">This sector accounted for 82.5% of the deals completed during the first half of 2019. A total of 85 commercial deals closed in the province during the first six months of the year, with a total value of more than $2.74 billion.<\/p>\n<p style=\"text-align: justify;\">Private buyers\u2019 share of overall value shrunk to a record-low 29%, however. This was significantly below the 60.6% ratio seen in 2018.<\/p>\n<p style=\"text-align: justify;\">\u201cPrior to 2017, the last time private buyers were responsible for less than 50% of overall dollar volume was in 2012 when they accounted for 72% of total purchases, but just 38% of the $2.35B invested that year,\u201d Avison Young stated.<\/p>\n<p style=\"text-align: justify;\">Institutional investors reigned supreme. While these were involved in just 8% of completed deals, the cohort\u2019s impact was undeniable as they accounted for 66% of dollar volume during that period, with more than $1.8 billion.<\/p>\n<p style=\"text-align: justify;\">Much of this stemmed from the sheer size of the properties involved.<\/p>\n<p style=\"text-align: justify;\">\u201cOf the seven institutional acquisitions in the first half of 2019, four involved significant downtown and suburban office assets and two were regional shopping centres in secondary markets,\u201d Avison Young explained.<\/p>\n<p style=\"text-align: justify;\">Office spaces were the best-performing asset class during that period, with its volume of more than $1.9 billion representing 70% of the first-half total. This was spread across 21 sales, including the major Bentall Centre transaction valued at $1.05 billion.<\/p>\n<p style=\"text-align: justify;\">\u201cInvestor appetite for office properties in Metro Vancouver, particularly in the core, will remain robust through 2019 with quality assets attracting multiple bids and achieving premium pricing,\u201d Avison Young noted.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/private-entities-are-the-bc-commercial-markets-most-active-buyers-305865.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Private Entities are The BC Commercial Market&#8217;s Most Active Buyers<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private buyers remain the most active contingent in BC\u2019s commercial market, according to the Mid-Year 2019 Investment Review (British Columbia) report by Avison Young. This sector accounted for 82.5% of &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/private-buyers-remain-the-most-active-in-bc-commercial-market\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-13834","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Private Buyers Remain The Most Active in BC Commercial Market &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/10\/private-buyers-remain-the-most-active-in-bc-commercial-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Private Buyers Remain The Most Active in BC Commercial Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Private buyers remain the most active contingent in BC\u2019s commercial market, according to the Mid-Year 2019 Investment Review (British Columbia) report by Avison Young. 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