Article

GVA Office Sector Up In Q1-2019

Est. Reading: 1 minute

Though commercial real estate activity was very slow in the Vancouver during the first quarter of 2019, there was one bright light among the asset classes: Office sales.

In fact, not only were Office sales the only class whose volume was up from Q1-2018, but sales were also up from Q1-2017 (which, at the time, had been considered a strong quarter). Dollar sales jumped 34% from one year ago and 3% from two years ago primarily due to strong performances in Vancouver (up 49%), Richmond (up 1565%), Surrey (up 87%) and Tri-Cities (up 100%). On the transactions side, Q1-2018’s 49 sales were down just 2% and 12% from Q1-2018 and Q1-2017 respectively.

To view, download or subscribe to Klein Commercial's in-depth Office and other Commercial Market Reports, please go to Commercial Reports. These Reports are designed to help you make more informed buying, owning and selling decisions.

Summary
Asset Class
Office
Location
Greater Vancouver
Date
August 23, 2019
Author
Klein Commercial
Services
Acquisition & Disposition, Tenant Representation

Land Assembly Specialists

Eugen Klein

Eugen Klein


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B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

Nahal Gamini

Nahal Gamini PREC*


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IIDA, IDC, NCIDQ

Medical Real Estate Specialists

Eugen Klein

Eugen Klein

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

- Royal LePage National Chairman's Club (Top 1%) 2012 - 2019 - Royal LePage Award of Excellence 2014 - 2019 - Royal LePage Top 10% National Commercial Sales 2017, 2019 - #1 in Canada for Royal LePage Commercial in 2017 - Commercial REALTOR® 24 years - Mobile Home Park owner…
Nahal Gamini

Nahal Gamini PREC*

IIDA, IDC, NCIDQ

Nahal Gamini is an award-winning Interior Designer, with 17 years of experience in Development and Real Estate, bringing enthusiasm and expertise to each client that she represents. She offers each of her clients personalized service and expertise on location, space, and lease/purchase options and is a trusted resource in the…
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