NAI Commercial – Yaletown Office Perspective Summer 2014

The total Yaletown market inventory consists of 2,058,419 square feet of office space in 38 buildings. There are currently 38 vacancies ranging in size between 200 square feet to 28,000 square feet with a vacancy rate sitting at 5.1%.We have seen 2% absorption since last year.

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396 Acre Development Site in Sechelt, BC sold by NAI Commercial for over $11 million

Gary Haukdland and J.D. Murray of NAI Commercial – Vancouver have successfully completed a Court Ordered Sale of a 396 Acre Development Site on Sechelt Inlet Road, Sechelt BC for $11,750,000. The subject property consists of 10 legal parcels –including approximately 1,500 feet of waterfront land.

The properties are located in the District of Sechelt’s East Porpoise Bay community, north east of downtown Sechelt along Sechelt Inlet Road between the very popular Porpoise Bay Provincial Park and Sechelt Heritage Forest & Hidden Grove Recreational Area. The sites are only 4.5 kilometers to all amenities in central Sechelt, with easy highway access to the rest of the Sunshine Coast. Close proximity to Vancouver including 40 minute scenic ferry ride.

Welcome to our booth in ICSC Montreal June 18-19

NAI Commercial invites you to visit our booth and to meet with our brokers at the 2014 ICSC Quebec Conference, which will be held June 18-19, 2014 at The Westin Montréal, Montreal, Quebec.

This year, ICSC expects to break another attendance record with over 1100 attendees, including over 500 retailers!

PLEASE JOIN US IN CONGRATULATING ROB DESBRISAY NEWLY APPOINTED MANAGING PARTNER

At NAI Commercial, our team in Vancouver brings experience, insight and a distinct global perspective to every relationship. In his new role as Managing Partner, Rob DesBrisay is no exception.

At NAI, we believe that global leadership in commercial real estate begins at home. Whether you are an owner, tenant, developer or investor you will receive custom solutions from a local market leader with deep experience and relationships. All with a single focus: YOU.

Global Economic Briefing


Featuring Jay Olshonsky, NAI Global President &
Dr. Peter Linneman, NAI’s Chief Economist

Registration NOW>>

June 11th, 2014
12:00 PM – 1:00 PM Eastern

Where are we in the recovery? How far is the economy from historical trend? Join Jay Olshonsky, NAI Global President and Dr. Peter Linneman, NAI’s Chief Economist, for an economic briefing. Dr. Linneman will address several topics during this Web conference including:

• Where are the opportunities for growth?
• Which markets are hot, solid, and weak?
• Six major uncertainties affecting the recovery
• What happens when rates rise?
• When will vacancy rates really decline?

Retail Plaza in Prime Mount Pleasant Location Sold by NAI Commercial for $6.3 M

Rob DesBrisay and Aleem Thaver of NAI Commercial – Vancouver has recently sold a 10,622 square feet Retail Plaza on 601 – 615 East Broadway, Vancouver British Columbia for $6,300,000.

High exposure retail plaza at the north east corner of East Broadway & Carolina Street Mount Pleasant area. Well-known tenants include Subway and Mac’s. Building contains a total gross leasable area of approximately 10,622 square feet on 18,117 square feet lot.

Office vacancy rates increase in Greater Vancouver

As we start the second quarter of 2014, the statistics are revealing – and may be troubling for a landlord.

Currently, Greater Vancouver has 52,333,837 square feet of office space, with vacant space at 11.4 percent of that total. There are 28 new office buildings under construction – which will add another 4,645,529 square feet of space. How do these numbers stack up against the recent past? Take a look at the following figures from the first quarter of each of the past five years. VIEW Details

Suburban vacancy rates much higher than in Vancouver and surrounding areas

In the 90 days prior to this writing, 325 new spaces – 1,181,966 square feet – have been added to the market. During the same period, 275 units were removed from inventory, totalling 797,375 square feet, for a negative absorption of 384,591 square feet. Or, to look at it another way, 128,000 square feet were added to the market monthly. VIEW Details

135 Acres Farm on Arthur Drive, Delta Sold for over $9 Million

Sash Sasidharan of NAI Commercial Vancouver has completed the sale transaction of the 135-acre farm on 4026 Arthur Drive, Delta, BC for $9,425,000.

Court Ordered Sale of a $1.25 Million Wareshouse in Delta was closed by NAI Commercial

JD Murray and Gary Haukeland of NAI Commercial Vancouver closed the court ordered sale of a $1.25 Million freestanding warehouse on 8369 River Way, Delta, BC. Located on the North side of River Road, just east of Alexander Road in East Delta’s Tilbury Industrial area. The property is close to all amenities and easily accessible to new South Fraser Perimeter Road.

The freestanding warehouse with a total gross floor area of approximately 8,630 sq.ft., including approximately 7,340 sq.ft. of manufacturing/shop area on the main floor and 1,290 sq.ft. of office on the second floor. The building rests on a fenced 21,786 sq.ft. lot – zoned I-2 (Heavy Industrial). The building has two grade loading doors and six surface parking spots.