Vancouver Commercial Real Estate Market Reports Nov 3, 2008 1:57:45 PM

Vancouver Commercial Real Estate Market Reports

Colliers Vancouver Market Reports

Welcome to our Global Research Database, your source for first-class research in the Vancouver Commercial Real Estate marketplace. Our most recent quarterly market reports are posted below and can be viewed with Adobe Acrobat Reader TM. Click on a report link to open the PDF document within your browser, or you may download the report by right clicking and selecting Save Target As.

Office Market Reports

Report Summary

The Vancouver market continues to thrive as office space is becoming more limited. With rates rising, some tenants are beginning to look at alternative options, such as the suburbs, as well as Class B or C space as opposed to the desirable Class A market.

As sublease space hits the market, specifically in the Downtown Core, tenants are acting much faster to seize the opportunity. Depending on the term left in the lease, sublease rates are often exceptionally low, and almost always below current market value, especially if the original lease was negotiated a few years ago.

Leasing rates continue to rise as suitable leasing options become more limited. The most significant rises can be seen in the Downtown Core, as no new office developments will be coming to the market following the completion of the Jameson Development on West Hastings Street (estimated completion date of Fall 2007) and Bentall V (estimated completion date of Summer 2007).

Q3-08_Colliers_Office_Market_Report-Email.pdf ~pdf document

Q2-08_Colliers_Office_Market_Report_-_Email.pdf ~pdf document

Q1-08_Colliers_Office_Market_Report_-_Email.pdf ~pdf document

Colliers_Office_Market_Stats_-_Q4-07.pdf ~pdf document

Colliers_Office_Report_Q3-07-Email.pdf ~pdf document

Colliers_Office_Report_Q2-07-Email.pdf ~pdf document

Colliers_Office_Report_Q1-07-Email.pdf ~pdf document

Q4-2006_Colliers_Office_Market_Stats.pdf ~pdf document

Colliers_Office_Report_Q3-06_9945_emailable.pdf ~pdf document

Colliers_Office_Report_Q2-06_9867_email.pdf ~pdf document

Colliers_Office_Report_Q1-06_9736_emailable.pdf ~pdf document

Industrial Market Reports

Report Summary

Leasing activity this quarter was the strongest it has been in the recent past, registering 1,632, 353 square feet of positive absorption across the Greater Vancouver Regional District (GVRD). Landlords continue to gradually push lease rates up across the GVRD, as a result of the lack of available options in the market. This lack of available options is very evident when looking at the decrease in vacancy from 1.5% in the first quarter of this year, to 1.1% as it sits today. The demand for space is still outpacing the supply of new product in all submarkets of the GVRD, especially for warehouse and distribution space.

Q3-08_Industrial_Market_Report_-_E.pdf ~pdf document

Q2-08_Industrial_Market_Report_-_Email.pdf ~pdf document

Q1-08_Colliers_Industrial_Market_Report_-_Email.pdf ~pdf document

Colliers_Industrial_Stats_-_Q4-07.pdf ~pdf document

Q3-07_Industrial_Market_Report-Email.pdf ~pdf document

Colliers_Q2-07_Industrial_Report_-_R-Email.pdf ~pdf document

Colliers_Q1-07_Industrial_Report_-_Email.pdf ~pdf document

Colliers_Industrial_Report_Q4-06_10085_Emailable.pdf ~pdf document

Colliers_Industrial_Report_Q3-06_9970_Emailable.pdf ~pdf document

Colliers_Industrial_Report_Q2-06_9866_Emailable.pdf ~pdf document

Ken England
Associate Vice President
Ken.England@colliers.com
604.662.2645

David England