Commercial Real Estate Locations in Vancouver
We all know the three most important words in business; location, location, location. So if that’s what you’re looking for, it’s important to understand where the best places are to buy commercial real estate in Vancouver.
When thinking of a place to buy your property, first thing to be considered is, are you looking to buy for your own business, will this be a rental property, or are you renting, yourself? If you’re looking to get into the retail, telling you about a property in an industrial park wouldn’t help a lot. Next, what industry are you in? You wouldn’t be looking to obtain space in an office building if you were in the market for a gas station.
Downtown is a big-time area for commercial boom. Office space is at a high demand, which is dwindling the supply. Along with this, the prices are increasing as well, so, need to aware to try and balance your budget, with the area in which you want to set up shop. So to speak.
New retail projects are on the horizon so even though a lot of available space has been taken recently, there is a lot coming. But if the trend stays true (and there’s no reason not to think it will), I’d be looking now, while it’s still in development. One site with 1.5 million sq ft of space available became available last year, but by the end of the Q4 1.4 of it was spoken for. So don’t miss out.
Land values are also on the rise, partly because of the new projects as well as the jobs that have opened up in the city. Because of the trend towards a higher population, the land that is available is also going fast.
Commercial real estate search can be a daunting experience. With all the factors that go into it, you need an expert to help decide which fits best for you. We can help you answer all of your questions, and ease any of your apprehensions. Show you the numbers, locations, projections, and do side-by-side comparisons of all of your options, to make this decision an easier one that you may have anticipated.
Vancouver is one of the largest cities in Canada, and the commercial place to be in the West. Just north of the state of Washington, we share a lot of commerce with the United States. The high-technology industry, as well as film and television production, has become a big part of Vancouver. The city was recently listed as third among New York City and Los Angeles in screen and film production in North America. Tourism also brings a lot of people to the region, yet another reason commercial real estate is on the rise. Known as the main business hub for Canada and the Far-East, Vancouver offers a diverse setting for employees and employers. It’s no wonder business is booming in British Columbia.