What asset class has the lowest vacancy rate in North America, surging demand from tenants, and seems to be annually increasing lease rates?
This week, Cory welcomes Connor Braid, Managing Broker from William Wright Commercial's Victoria office, to discuss the industrial asset class in Greater Victoria. Boasting a vacancy rate of less than 1% and continued increasing demand post-pandemic, the industrial market in Greater Victoria could be the hottest commercial opportunity in North America and one of the best investments out there...that is, if you can even find property to purchase.
Connor breaks down why absorption of this asset class is so high versus its counterparts and why an unprecedented amount of new supply coming to the forefront in the coming years is nothing to worry about. You don't want to miss this episode, as this could be the amazing investment everyone is looking for!
Kevin Skipworth, Owner and Managing Broker at Dexter Realty, sits down with Matt & Adam in Kokomo Studios to discuss how these factors are playing out on the ground and what this means for real estate in the Lower Mainland at large.
Ben Smith has been involved in Vancouver real estate in one capacity or another for decades. He previously has worked with some of the region’s major developers & more recently went national to become the President of Avesdo.
LandlordBC CEO David Hutniak sits down this week with Adam & Matt to go over the policy changes in detail and spell out some of the major implications.