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A strong finish to 2013 kept sales activity in the Lower Mainland’s commercial real estate market in line with historical averages.
There were 470 commercial real estate sales in the Lower Mainland in the fourth quarter (Q.4) of 2013. This is the second highest selling Q.4 in the region over the last five years.
In all, there were 1,799 commercial real estate sales in the Lower Mainland in 2013. This is 7.5 per cent below the 1,945 sales* in 2012, 7.2 per cent below the 1,939 sales recorded in 2011, and 4.4 per cent above the 1,723 sales recorded in 2010.
Commercial real estate sales in 2013 were 3.5 per cent above the region’s five-year sales average.
“Commercial real estate activity picked up in the Lower Mainland in 2013 after a slow first quarter,” said REBGV President Ray Harris. “Office and retail continue to be the most active category within our commercial real estate market.”
The total dollar value of commercial real estate...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.