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Highlights of the fourth quarter Industrial Market report include:
Metro Vancouver’s vacancy rate reached 4.8 percent in the fourth quarter of 2009. The last time that vacancy attained this level was mid-year 1997 when it was 4.9 percent due to high levels of completed construction totaling 4.62 million square feet at the end of 1996.
The fourth quarter of 2009 showed improved activity in both leasing and sales activity compared to the balance of 2009. Particularly, strata sales and small-bay leasing were stronger than the previous 15 months; however, large-user sales and demand from the third party logistics distribution market continue to be weak.
Contact Shawna Rogowski at 604.692.1476 for more information.
  Q4-09 Ind Report-E.pdf
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