2016 Q2 Office Market Report on Metro Vancouver by NAI Commercial


Overview on current supplies, absorption rates, significant transactions for office spaces in Metro Vancouver.
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NAI Commercial Negotiates a 10-Year Lease with IFCO Systems Canada Limited in Saint-Hubert on the South Shore of Montreal

NAI Commercial, member of the world’s premier managed network of commercial real estate firms, represented by the Poitras Team, is proud to announce the lease of an industrial space at 5400, Armand-Frappier Street in Saint-Hubert, for a long term lease. The Poitras Team represented the landlord, Groupe Immobilier Foodarom Inc. The lease is valued at over $1.5 million dollars.

In Febuary 2015, NAI Commercial concluded the sale of the 60,000 SF building to Groupe Immobilier Foodarom Inc., and received the mandate to rent the excess part of the building. This is the fourth transaction realized by Team Poitras with Foodarom Inc.

Feel free to contact Paul-Éric Poitras or Gabrielle Saine at 514-866-3333 for more information

NAI Commercial sells a 506 000 SF lot in La Praire, Quebec

NAI Commercial, member of the world’s premier managed network of commercial real estate firms, represented by Manon Huppé, is proud to announce the sale of a 506,000 ft² lot, located at 3005 Taschereau in La Prairie. Alain Giroux Transport, in the context of a second mandate with Ms. Huppé, has acquired the lot for the amount of $3.5 million; this transaction was spread out over the course of 16 months due to the complexity of the project.

Feel free to contact Manon Huppé at 514-866-3333 for more information.

Kitsilano Vancouver Apartment Building Sold for $19.8M by NAI Apartment Team

Sale of a 53 units apartment building in the prestige Kitsilano area on 1929 West 3rd Ave, Vancouver.

NAI Commercial Vancouver Office, represented by Terry Harding, Jackson Tang and Brandon Harding, is proud to announce the sale of a 53 units apartment building in the prestige Kitsilano area on 1929 West 3rd Ave, Vancouver for $19,800,000.

Ramada Plaza Abbotsford Hotel & Conference Centre sold for $11.5M

NAI Commercial is pleased to announce the sale of the Ramada Plaza Abbotsford Hotel & Conference Centre on 36036 North Parallel Road, Abbotsford by our Hotel Team Steven Chen. The transaction value is $11,500,000.

36 Unit Concrete Apartment Building in South Granville Vancouver Sold by NAI Apartment Team

The 36 Unit Apartment Building on 2910 Alder Street, Vancouver was recently sold by NAI Commercial Vancouver – Terry Harding, Jackson Tang & Brandon Harding for $12,000,000.

The apartment building is centrally located for direct access into downtown via Granville and Oak Street arterial routes. Walking distance to offices on Broadway, shops on Granville Street and Vancouver General Hospital with a 94 walk score. Many capital improvements have been done including: roof, windows, hallway paint & carpet, modernized elevator and new intercom.

Global Economic Briefing Webcast

Click here to view the video playback of the Tuesday, May 10th webcast.

Click here to download the PDF to view the presentation.

40 Acre Land & Residence in South Surrey, BC

Excellent land value, one of the larger parcels to come on the market in this area in many years!

For details, please contact Don MacDonald or Chris Langhaug at 604-534-7974.

>>VIEW Brochure

2016 Q1 Report on Office Space Report in Metro Vancouver by NAI Commercial

Q1 saw an interesting development in the office market: Ivanhoe Cambridge closed the deal to sell its interest in Bentall 1, 2, 3 and 4 to the Anbang Insurance Group of Beijing. The price tag: more than $1 billion. And Royal Centre, 1055 West Georgia Street, traded from Brookfield Asset management to Klaus Michael Kuehne, a German billionaire, for a reported $285,000,000 or $725 per square foot.
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A rare opportunity to lease 1,200 to 35,000 sq ft of ground floor retail space in North Nanaimo

Pleasant Valley landing is a single storey retail building reconstructed in 2015. The development is strategically located in Nanaimo’s Woodgrove Regional Shopping district.

Pleasant Valley Landing is surrounded by many Big Box retailers and features excellent exposure with plenty of parking and direct access to both the Nanaimo Parkway and the Island Highway.

Cobbs Bakery is a current tenant and nearby retail/services include; Home Depot, Superstore, HSBC, CIBC, RBC, Staples, Costco, and Woodgrove Mall. >>VIEW DETAILS

For More information:
Randall Taylor 250 753 5757 x 34 (Direct) rtaylor@naicommercial.ca

Moe Lessan 250 753 5757 x 33 (Direct) mlessan@naicommercial.ca