Why Commercial Real Estate in Vancouver?

High demand and a supply that is dwindling makes the time perfect for investing in commercial real estate in Vancouver. Whether it’s office space, retail, or industrial you’re looking for, development and existing properties are going quickly.  What that means is also a raise in prices. But don’t let that scare you. With this comes an increase in rental opportunities. 

If you’re thinking of getting into, or adding onto your commercial properties in Vancouver, look no further. The commercial real estate sector is booming here in the Lower Mainland. Supply may be limited at this moment, but that only means business is going up.

And don’t let the numbers for Q1 of 2019 scare you. We set records in late 2018 with sales unlike any recent year. So a small dip is expected. Q2 picked up last year, so expect the same results in 2019. If you’re looking to get into the market, the timing is just right. The land values increase over the last few years stalled at the end of 2018, leading to the decrease in Q1 of 2019. Some are waiting to see that start again, but if you wait until then, you won’t be able to maximize the investment of today, and risk a decrease in land values.

It should be noted that in commercial properties, a decrease in land values, do not affect rental prices, or business value. By buying now, if the value of the land increases, your ability to increase profits through renting, or flipping increase. If they drop, your rent may not be affected. 

New construction and development is happening everywhere in Vancouver. New commercial real estate in Vancouver, brings elevated land values, and people. As the city grows, so does your property. Industrial property still has plenty of availability, as does land development. But just as with office space, what is left, is going quickly. 

Retail space is still available, if that’s your forte. Commercial retail growth was down in 2018, but with new projects coming, expansion still seems imminent. Retail had the largest dollar amount in sales last year, and a repeat is on the horizon. 

With prices up as well, there is money to be made by these transactions. It isn’t just a booming market for real estate, businesses like Apple are moving in, looking for space. And if you don’t own the space they’re looking for, you can’t rake in the financial rewards. 

Whether you’re new to the real estate game, or a seasoned veteran, you know a good opportunity when you see one. Vancouver offers you just that. If you’re looking to buy in, or to rent, your answer lies here. New business development is on a rise, and so companies, and small businesses are still looking for locations. As space for ownership continues to be taken, rental space becomes more appetizing. 

Vancouver, BC is one of the fastest-growing cities in North America, not just Canada. And with plenty of options in this booming commercial real estate markets, you don’t want to be left behind. With retail developments popping up, industrial construction underway, and office space being taken up by the day, there really is no reason to not get on this train.