News Item - Vancouver
Metro Vancouver Industrial Overview (Fall 2021)November 9, 2021
Availability of space and labour proximity now primary drivers guiding decision-makers in North America’s tightest industrial market. It will not be a surprise to many that Metro Vancouver is North America’s tightest industrial market as of third-quarter 2021, and that the region’s average industrial rental rate increased by 53% in the past five years. Nor is it newsworthy now that record-setting levels of industrial investment in BC have been set annually since 2017 – and most recently surpassed $1.1B in the first half of 2021 alone.