{"id":1664,"date":"2016-04-18T13:40:04","date_gmt":"2016-04-18T20:40:04","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1664"},"modified":"2016-04-18T13:40:14","modified_gmt":"2016-04-18T20:40:14","slug":"vancouver-industrial-real-estate-hit-15-year-high-in-2015","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/","title":{"rendered":"Vancouver Industrial Real Estate Hit 15-Year High in 2015"},"content":{"rendered":"<p style=\"text-align: justify;\">Industrial real estate in Vancouver expanded at the fastest rate in the country in 2015, according to a Cushman &amp; Wakefield report released April 18.<\/p>\n<p style=\"text-align: justify;\">A total of 4.5 million square feet of industrial space was absorbed in the city last year, which was the biggest increase in 15 years.<\/p>\n<p style=\"text-align: justify;\">One of the biggest factors in this growth was the increase of e-commerce transactions, according to the report.<\/p>\n<p style=\"text-align: justify;\">\u201cGrowth in Vancouver and Toronto has been stimulated by a rapidly evolving e-commerce sector and related warehouse and distribution demand, along with strengthening export and manufacturing sales,\u201d the real estate company said in its report.<\/p>\n<p style=\"text-align: justify;\">\u201cE-commerce is driving demand for larger warehouse and distribution facilities\u2014especially in Canadian markets adjacent to populated U.S. centres\u2014that are well located and automated to support streamlined logistics, including just-in-time delivery to store locations and individual customers.\u201d<\/p>\n<p style=\"text-align: justify;\">Vancouver and Toronto in particular will see industrial real estate growing even more in the near term, Cushman forecasts.<\/p>\n<p style=\"text-align: justify;\">\u201cVancouver and Toronto have seen a significant drop in vacancy over the past two years, and this will exert upward pressure on rental rates for top-grade product in key markets,\u201d the report said.<\/p>\n<p style=\"text-align: justify;\">Growth has by no means been restricted to those two cities.<\/p>\n<p style=\"text-align: justify;\">\u201cIndustrial real estate has hit a new high,\u201d said Cushman &amp; Wakefield national director of research Stuart Barron.<\/p>\n<p style=\"text-align: justify;\">\u201cYou have to look before the financial crisis to see the kind of robust growth happening now across major Canadian markets.\u201d<\/p>\n<p style=\"text-align: justify;\">A low Canadian dollar, low interest rates, increasing demand from the United States and the low energy prices have all contributed to increases in the sector.<\/p>\n<p style=\"text-align: justify;\">Barron said one surprising finding in the report was that Calgary did not see a drop in industrial real estate absorption in 2014 or 2015.<\/p>\n<p style=\"text-align: justify;\">\u201cThat\u2019s remarkable considering the magnitude of the energy bust on the downtown office market [in Calgary] and speaks to the dynamics and resilience of industrial real estate.\u201d<\/p>\n<p><a href=\"https:\/\/www.biv.com\/article\/2016\/4\/vancouver-industrial-real-estate-hit-15-year-high-\/\" target=\"_blank\">Cushman &amp; Wakefield : Vancouver Industrial Real Estate Hit 15-Year High in 2015<\/a> by Emma Crawford Hampel | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial real estate in Vancouver expanded at the fastest rate in the country in 2015, according to a Cushman &amp; Wakefield report released April 18. A total of 4.5 million &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/\">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-1664","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>Vancouver Industrial Real Estate Hit 15-Year High in 2015 &#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\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver Industrial Real Estate Hit 15-Year High in 2015 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Industrial real estate in Vancouver expanded at the fastest rate in the country in 2015, according to a Cushman &amp; Wakefield report released April 18. A total of 4.5 million &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Vancouver Industrial Real Estate Hit 15-Year High in 2015\",\"datePublished\":\"2016-04-18T20:40:04+00:00\",\"dateModified\":\"2016-04-18T20:40:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/\"},\"wordCount\":343,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/\",\"name\":\"Vancouver Industrial Real Estate Hit 15-Year High in 2015 &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2016-04-18T20:40:04+00:00\",\"dateModified\":\"2016-04-18T20:40:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vancouver Industrial Real Estate Hit 15-Year High in 2015\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vancouver Industrial Real Estate Hit 15-Year High in 2015 &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/","twitter_card":"summary_large_image","twitter_title":"Vancouver Industrial Real Estate Hit 15-Year High in 2015 &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Industrial real estate in Vancouver expanded at the fastest rate in the country in 2015, according to a Cushman &amp; Wakefield report released April 18. A total of 4.5 million &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Vancouver Industrial Real Estate Hit 15-Year High in 2015","datePublished":"2016-04-18T20:40:04+00:00","dateModified":"2016-04-18T20:40:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/"},"wordCount":343,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/","url":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/","name":"Vancouver Industrial Real Estate Hit 15-Year High in 2015 &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2016-04-18T20:40:04+00:00","dateModified":"2016-04-18T20:40:14+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/vancouver-industrial-real-estate-hit-15-year-high-in-2015\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Vancouver Industrial Real Estate Hit 15-Year High in 2015"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=1664"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1664\/revisions"}],"predecessor-version":[{"id":1666,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1664\/revisions\/1666"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=1664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=1664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=1664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}