Market Report -- Vancouver, British Columbia, Canada

Market Research

Properties

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: 18-Oct-2010

* 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)	CAD 30.00	CAD 40.00	N/A	$ 29.70	$ 39.60	N/A	5.0%	6.0%
Class A (Prime)	CAD 28.00	CAD 38.00	N/A	$ 27.72	$ 37.62	N/A	6.0%	6.5%
Class B (Secondary)	CAD 20.00	CAD 30.00	N/A	$ 19.80	$ 29.70	N/A	8.0%	7.0%

Suburban Office
New Construction (AAA)	CAD 29.00	CAD 35.00	N/A	$ 28.71	$ 34.65	N/A	10.0%	6.5%
Class A (Prime)	CAD 25.00	CAD 32.00	N/A	$ 24.75	$ 31.68	N/A	12.0%	7.0%
Class B (Secondary)	CAD 18.00	CAD 24.00	N/A	$ 17.82	$ 23.76	N/A	14.0%	7.0%

Industrial
Bulk Warehouse	CAD 6.00	CAD 9.00	N/A	$ 5.94	$ 8.91	N/A	4.5%	7.0%
Manufacturing	CAD 6.50	CAD 10.00	N/A	$ 6.44	$ 9.90	N/A	4.5%	7.0%
High Tech / R&D	CAD 8.50	CAD 14.00	N/A	$ 8.42	$ 13.86	N/A	5.0%	7.0%

Retail
Downtown	CAD 40.00	CAD 100.00	N/A	$ 39.60	$ 99.01	N/A	5.0%	6.5%
Neigborhood Service Centers	CAD 30.00	CAD 60.00	N/A	$ 29.70	$ 59.41	N/A	5.0%	6.5%
Community Power Center	CAD 30.00	CAD 40.00	N/A	$ 29.70	$ 39.60	N/A	5.5%	6.5%
Regional Malls	CAD 25.00	CAD 40.00	N/A	$ 24.75	$ 39.60	N/A	6.0%	6.5%

Development Land	Low/Acre	High/Acre	Low/Acre	High/Acre
Office in CBD	CAD 3,267,000.00	CAD 5,880,000.00	$ 3,234,653.47	$ 5,821,782.18
Land in Office Parks	CAD 900,000.00	CAD 1,200,000.00	$ 891,089.11	$ 1,188,118.81
Land in Industrial Parks	CAD 850,000.00	CAD 1,200,000.00	$ 841,584.16	$ 1,188,118.81
Office/Industrial Land - Non-park	CAD 750,000.00	CAD 1,100,000.00	$ 742,574.26	$ 1,089,108.91
Retail/Commercial Land	CAD 750,000.00	CAD 1,300,000.00	$ 742,574.26	$ 1,287,128.71
Residential	CAD 750,000.00	CAD 1,300,000.00	$ 742,574.26	$ 1,287,128.71

Conversion 1.01CAD = 1 US$

Footnote:

1.Office in CBD Land Rates in Square Feet. Source: NAI Commercial Vancouver

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