Vancouver’s Commercial Market Hits New Record In Investment Sector

The second quarter of this year proven to be a groundbreaking point in the investment segment of the commercial real estate in Vancouver, which has had up to 857 transactions that are worth a sum total of $3.7 billion in total.

The sales dealing in the Greater Vancouver area experienced an increase of 44 percent in the second quarter which differs from the first quarter of this year, according to Altus Group. The sales figure has added more than 600 for the first time since the starting of the record. When calculated in Dollar terms, the quarterly increase has now gone up to 34 percent.

The sales of administrative centers increased by 110 percent; the suburban land went up to 36 percent, and ICI went up 50 percent and retail stores increased up to 114 percent.