Metro Vancouver’s industrial property market enjoyed steady activity in the first half of 2010 as both sales and leasing activity picked up during April and May, according to a DTZ Barnicke report released July 20.
Deal volume in June levelled off slightly, mirroring what was happening in North American stock markets with many investors increasingly concerned that European debt problems could slow growth in North America.
The regional industrial vacancy rate increased slightly from last quarter, posting a 26 basis point rise to 4.21%.
Municipalities with the highest industrial vacancy rates are:
Conversely, the municipalities with the lowest industrial vacancy rates are: