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Vancouver Fraser Valley Industrial Owner User Market Report Q4 2019

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research article
By Craig Hennigar
The 2019 Q4 Fraser Valley Owner-User Industrial Report covers industrial properties in the Fraser Valley that are between 15,000 and 100,000 square feet.  Buildings of this size are more typical of owner user operators, but market reports often do not provide detail at this level.  In addition, the report breaks down the industrial market into the many industrial parks in the region, so that better insight can be obtained on an individual building’s location.
 
The Fraser Valley the Owner User industrial market has had a positive year.
  • Total absorption is 874,000 square feet, or a growth of 1.4% in total occupancy
  • New supply tracked by Colliers was just over 674,000 square feet
  • Vacancy rates have declined to 0.9% down from 1.2% in Q4 of 2018
  • Availability rates are now 3.0%, up from 2.2% in Q3 of 2019
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Vancouver Fraser Valley Industrial Owner User Market Report Q4 2019

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For More Information, Please Contact:
Craig Hennigar | Colliers | Vancouver

Craig Hennigar

Senior Director | Valuation and Advisory Services

Vancouver

+1 604 692 1452
+1 604 505 1710
Email

Craig is a Senior Director in the Valuation and Advisory Services group at Colliers and holds the AACI, P.App designation.  He offers appraisal and consulting services in the Greater Vancouver and Fraser Valley area as well as throughout British Columbia with particualr focus on the following assets and services: Commercial Property, Industrial Property, Expropriation Valuation, Hospitality Property and Recreational Land, and Multi-Family Property.

Craig is the former Director of Market Intelligence for Canada as well as a real estate broker and appraiser with over 25 years of experience in commercial real estate with work experience is focused on providing strategic and transactional assistance to national real estate firms.  With professional experience in real estate research, valuation, development, management, finance, consulting, and portfolio management roles he has worked with all major asset classes for valuation of both income producing real estate as well as expropriation, development projects.  His client list includes firms in the finance, technology, aerospace, and logistical industries as well as real  estate firms and has additional work experience providing ongoing economic knowledge, research, forecasting and review of the Canadian and international environment.

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