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!
This article features expert insights from Josh White, General Manager of Planning, Urban Design and Sustainability at the City of Vancouver, shared during his interview on the Vancouver Real Estate Podcast with hosts Matt and Adam Scalena. Listen …
This article features expert insights from Robert Hogue, Assistant Chief Economist at RBC (Royal Bank of Canada), shared during his interview on the Vancouver Real Estate Podcast with host Matt Scalena. Listen to the full episode above or explore …
This article features expert insights from Kyle Green, Owner and Founder at Green Mortgage, shared during his interview on the Vancouver Real Estate Podcast with host Matt Scalena. Listen to the full episode above or explore more Metro Vancouver …
This article features expert insights from Frances Bula, OneCity Council Candidate and former Vancouver journalist with 32 years covering city politics, shared during her interview on the Vancouver Real Estate Podcast with hosts Matt and Adam …