metro vancouver industrial market€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000...

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Page 1: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 2: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 3: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

METRO VANCOUVER INDUSTRIAL MARKET

MunicipalityVacancy

Rate

Inventory

(Square Feet)

Weighted Avg.

Asking Net

Rent (PSF)

Metro Vancouver Total 2.0% 198,198,173 $9.18

Richmond 2.0% 34,299,615 $8.39

Surrey 1.9% 34,075,363 $8.62

Delta 1.7% 27,117,121 $8.14

Burnaby 1.2% 25,797,846 $10.37

Vancouver 1.6% 20,032,767 $13.83

Langley 1.7% 19,370,767 $9.25

Coquitlam 1.3% 7,130,551 $9.88

Port Coquitlam 5.9% 7,123,412 $8.38

North Vancouver 1.9% 4,716,763 $14.70

New Westminster 7.2% 3,499,038 $6.97

*Q4 2016 Market Data

Page 4: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Metro Vancouver Average Industrial Land Values (Per Acre)

INDUSTRIAL LAND VALUES

Page 5: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

DEAL VOLUME VS DEAL SIZE

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$-

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

$1,400,000,000

2009 2010 2011 2012 2013 2014 2015 2016

Metro Vancouver Industrial Deal Volume vs Deal Size

Total Volume Average Deal Size

Page 6: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 7: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 8: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

Delta Link Business Centre - Phase I

Delta Link Business Centre - Phase II

Page 9: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

Re-imagining Urban Industrial

Page 10: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

What’s Old is New Again

Page 11: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 12: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 13: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

Re-Imaging Vertical Industrial

Page 14: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 15: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 16: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 17: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 18: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

OXFORD RIVERBEND BUSINESS PARK63

Acres

330,000SFUnder Construction

736,000SFFuture Development

Page 19: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

19

Property Profile | 2.0Section 2.0 | Property Profile

Notable Current & Proposed Industrial DevelopmentsStrathcona & Grandview-Woodland Areas

440 Clark Drive

Local Investor I 33,000 sfIronworks @ 200 Victoria Drive

Conwest I 226,000 sf

1101-1121 Union Street

Local Investor I 48,000 sfWorkSpaces @ Strathcona Village

Wall Financial I 60,000 sf

1188 Union Street

Spire Development I 27,000 sf

1157 Parker Street

Porte Development I 35,000 sf

830 Clark Drive

Local Developer I 55,000 sf

SALELEASE

SALE

LEASESALELEASE

LEASE

1055 Vernon Drive

PC Urban I 105,000 sf

SALE

Page 20: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro
Page 21: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

21

Property Profile | 2.0Section 2.0 | Property Profile

Lease vs Buy20,000 sf warehouse in South Burnaby

Page 22: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

E-COMMERCE FULFILLMENT CENTER

Page 23: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro

MULTI-LEVEL WAREHOUSES

Page 24: METRO VANCOUVER INDUSTRIAL MARKET€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Metro