Commercial real estate 2017 outlook: mixed-used developments the way to go

January 13, 2017 6:06 pm


It is impossible to crowbar residential investors from the future of the commercial real estate sector in Metro Vancouver because it is the lowly homebuyer who has been driving commercial land and property deals to new levels.

For evidence one need only look at Metro commercial real estate transactions during the first nine months of 2016: sales of land for residential development accounted for 53 per cent of total volumes and dwarfed every other type of commercial real estate.

Add in the 109 sales of multi-family rental buildings and residential made up $5.8 billion of the total $9.5 billion in commercial transactions as of September 2016, a dominance that has characterized the Metro market for two years.

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