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Vancouver, British Columbia, Canada

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Commercial Vancouver
Last Updated: 22-Oct-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
RENT/SF/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) CDN 30.00 CDN 40.00 N/A $ 31.25 $ 41.67 N/A 5.0% 6.5%
Class A (Prime) CDN 28.00 CDN 38.00 N/A $ 29.17 $ 39.58 N/A 6.0% 6.5%
Class B (Secondary) CDN 25.00 CDN 33.00 N/A $ 26.04 $ 34.38 N/A 8.0% 7.0%
 
Suburban Office
New Construction (AAA) CDN 29.00 CDN 35.00 N/A $ 30.21 $ 36.46 N/A 8.0% 7.5%
Class A (Prime) CDN 25.00 CDN 32.00 N/A $ 26.04 $ 33.33 N/A 7.5% 7.5%
Class B (Secondary) CDN 20.00 CDN 25.00 N/A $ 20.83 $ 26.04 N/A 12.0% 7.5%
 
Industrial
Bulk Warehouse CDN 6.00 CDN 9.00 N/A $ 6.25 $ 9.38 N/A 4.0% 7.5%
Manufacturing CDN 6.50 CDN 10.00 N/A $ 6.77 $ 10.42 N/A 4.0% 7.5%
High Tech / R&D CDN 8.50 CDN 14.00 N/A $ 8.85 $ 14.58 N/A 4.5% 7.5%
 
Retail
Downtown CDN 105.00 CDN 180.00 N/A $ 109.38 $ 187.50 N/A 4.0% 6.5%
Neigborhood Service Centers CDN 30.00 CDN 60.00 N/A $ 31.25 $ 62.50 N/A 4.0% 6.5%
Community Power Center CDN 30.00 CDN 40.00 N/A $ 31.25 $ 41.67 N/A 4.5% 6.5%
Regional Malls CDN 25.00 CDN 40.00 N/A $ 26.04 $ 41.67 N/A 4.5% 6.5%

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD CDN 75.00 CDN 135.00 $ 78.13 $ 140.63
Land in Office Parks CDN 900,000.00 CDN 1,300,000.00 $ 937,500.00 $ 1,354,166.67
Land in Industrial Parks CDN 850,000.00 CDN 1,300,000.00 $ 885,416.67 $ 1,354,166.67
Office/Industrial Land - Non-park CDN 750,000.00 CDN 1,200,000.00 $ 781,250.00 $ 1,250,000.00
Retail/Commercial Land CDN 750,000.00 CDN 1,500,000.00 $ 781,250.00 $ 1,562,500.00
Residential CDN 750,000.00 CDN 1,500,000.00 $ 781,250.00 $ 1,562,500.00

Conversion .96CDN = 1 US$


 

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