9:31 AM Aug 22, 2022
A new report published this month by Coldwell Banker Richard Ellis , the world’s largest commercial real estate services and investment firm, shows multiple indications of growth from Q1 to Q2, whether it’s the average price psf, square feet under construction, or availability rates. Out in Delta, another third-party logistics company, Containerworld Forwarding Services, signed on as a tenant for a 48,000-sq. ft space on 480 Audley Boulevard.had the highest net asking lease rate, at $21.02 per square-feet. It also had the second-lowest availability rate, at 0.6%, and the second-lowest vacancy rate, at 0.2%.
Vancouver had the highest availability rate, at 1.7% and the second-highest vacancy rate, at 1.1%, both of which are perhaps a reflection of the city having the highest average additional rent psf, which was at $8.47, about a full dollar more than North Vancouver and nearly double that of several other cities in Metro Vancouver. Vancouver also had the highest gross rental rate psf, at $29.04, $2.52 more than the next highest, which was Burnaby.