Join Ryan Kerr (Avison Young) and Garth White (Avison Young) for an in-depth look at the industrial real estate market in Metro Vancouver.
Metro Vancouver’s industrial market has been unable to keep pace with ongoing demand from e-commerce uses, logistics/distribution firms and light manufacturers despite the regional inventory growing by almost 5% in the past 36 months.
With rental rates and valuations skyrocketing as new supply is unable to alleviate record low vacancy, this panel explores the implications of these recent trends on the market. Will supply catch up with demand? Will developers explore multi-level warehousing to justify the soaring cost of land and construction? How are industrial businesses coping or reacting to the implications of this unprecedented market place? This presentation will explore all of this, as well as what opportunities lie in the coming for this sector of commercial real estate.
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