Asset values of industrial strata in Metro Vancouver show resilience despite interest rate hikes - Canada
Asset values of industrial strata in Metro Vancouver show resilience despite interest rate hikes
Despite multiple interest rate hikes, demand for industrial strata remains unwavering and the average price per square foot ($/psf) continues to increase, albeit at a lower rate than in previous years of the same quarter.
Across the Metro Vancouver region, seven out of eleven submarkets have seen steady year overyear growth since 2020, including Maple Ridge with a 23% increase to the $/psf in Q1 2023 versusQ1 2022.
Despite macroeconomic headwinds and aggressive interest rate hikes by the Bank of Canada, industrial strata remains a strong investment option in the Metro Vancouver region.