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 Matt Scalena and Adam Scalena, Vancouver real estate experts and podcast hosts, shared during Episode 499 of the Vancouver Real Estate Podcast. Listen to the full episode above or explore more Metro …
This article features expert insights from Nav Pannu, Partner in Canadian Tax, and Mohammad Shahid, Senior Tax Manager, shared during their interview on the Vancouver Real Estate Podcast with hosts Matt and Adam Scalena. Listen to the full episode …
This article features expert insights from Miro Cernetig, CEO of CityAge and former Globe and Mail journalist, shared during his interview on the Vancouver Real Estate Podcast with hosts Matt and Adam Scalena. Listen to the full episode above or …
This article features expert insights from Adam Beaudin-Ball, Senior Financial Planner at Raymond James, shared during his interview on the Vancouver Real Estate Podcast with hosts Matt and Adam Scalena. Listen to the full episode above or explore …