Commercial Real Estate in Western Canada
When it comes to commercial real estate, Vancouver meets all your needs and exceeds expectations. But you had better get in quickly. A booming market, priced to buy now, don’t hesitate, because the space you want, may not be there. Industrial development and land options are here if it’s construction that you’re looking for. As well as existing properties, for office space, retail, storage, and shipping.
The Lower Mainland may not be the first location you look for, but we can make it your last. The financial sector of this great city is ready and growing, as we are already the hub for many tech companies, shipping centers, and other areas of business with commercial property needs.
After the rise in the market in 2018, the sales have gone down in Q1 here, but this is what you expect to see. As the demand rises, and the supply starts to go down, activity does as well. Maximizing your investment should be the number 1 point of interest, and getting the market now is the solution you’re looking for, and we can help you do that.
Land prices and value in certain areas are at a rate where even if you invest, and they drop, your rental property will not take a hit, but if they rise again, the return on your investment goes up. But it’s a profit whichever way you decide.
New construction and development is the way of Vancouver. People that used to commute to their workplaces are now moving here, which means your target demographic for whatever your business supplies is growing. As the population grows, so does consumerism. But I wouldn’t wait around too long, what we have in commercial property, may not last.
If your business is retail, growth was down in 2018, which means there’s a space for it in this fiscal year. New projects including shopping centers and malls, shows expansion is coming, and you wouldn’t want to be late to the party. Although the retail market was down, that business sector spent the most in property dollars last year, so, as that business grows, so will those returns.
If you’re looking to buy and rent, or flip, the market is set for that as well. As we said, tech companies like Apple are coming, And if you do not own the property or real estate development they’re looking for, you can’t make the money they have to pay.
You’re in the game. Whether it’s a new venture or one to add to your already impressive portfolio, a smart move can’t be passed up. It’s here in Vancouver, whether you’re looking to buy or rent or build, we can answer all your questions, and help you get whatever it is you’re looking for. As supply continues to go down, attractiveness rises, people start to ask, “what is it about Vancouver?” We can make sure you already know that answer, and you got in while the getting was good. This city is in demand. And we can your vision there too.