2022 Q1

Greater Vancouver Industrial Sales Market Report

Klein | Reports | 2022 - Q1 Commercial Industrial Market Report
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Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained  herein, and the same is submitted subject to errors and omissions, without any obligation to update or correct.

Highlights

How Industrial properties have responded to the market.

100
2022 Q1 Sales Transactions
$110B
2022 Q1 Sales Volume
440

Largest Market Share - City

2022 Q1

Greater Vancouver Overview

Total Sales & Transaction Volume
20182019202020212022
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Burnaby51$ 278,597,61722%39$ 141,342,59713%0$ 00%0$ 00%0$ 00%
Chilliwack19$ 25,780,3922%14$ 23,099,5002%8$ 8,330,0001%42$ 251,020,71912%13$ 156,321,79918%
Coquitlam20$ 110,911,0009%8$ 11,689,0001%8$ 8,330,0001%13$ 23,757,1001%2$ 8,450,0001%
Delta50$ 186,868,89715%25$ 62,645,6846%28$ 84,343,76511%17$ 56,425,8623%2$ 5,500,0001%
Langley25$ 94,724,3907%20$ 83,908,2788%25$ 75,764,3959%41$ 185,056,8269%8$ 36,815,0004%
New Westminster2$ 9,262,5001%1$ 8,900,0001%15$ 33,168,5004%34$ 200,399,40810%15$ 130,847,61115%
North Vancouver21$ 29,928,2712%13$ 40,300,7504%3$ 5,403,0001%1$ 1,785,0000%2$ 42,000,0005%
Port Coquitlam41$ 51,749,6854%34$ 93,421,4889%17$ 90,019,50011%31$ 170,072,8018%6$ 17,719,9992%
Port Moody1$ 3,000,0000%2$ 7,132,7361%39$ 84,913,78811%65$ 134,024,7307%8$ 51,971,8456%
Richmond3$ 11,300,0001%0$ 00%1$ 3,500,0000%0$ 00%1$ 1,950,0000%
Surrey117$ 182,358,37614%124$ 314,298,66630%102$ 235,870,87329%161$ 585,388,31228%56$ 181,980,74221%
Vancouver46$ 286,160,11323%54$ 263,416,90525%70$ 170,759,16521%155$ 448,992,35822%33$ 222,672,95026%
Total185$ 1,270,641,242100%334$ 1,050,155,603100%316$ 800,402,986100%560$ 2,056,923,117100%146$ 856,229,946100%
2018
Burnaby51$ 278,597,61722%
Chilliwack19$ 25,780,3922%
Coquitlam20$ 110,911,0009%
Delta50$ 186,868,89715%
Langley25$ 94,724,3907%
New Westminster2$ 9,262,5001%
North Vancouver21$ 29,928,2712%
Port Coquitlam41$ 51,749,6854%
Port Moody1$ 3,000,0000%
Richmond3$ 11,300,0001%
Surrey117$ 182,358,37614%
Vancouver46$ 286,160,11323%
Total185$ 1,270,641,242100%
2019
Burnaby39$ 141,342,59713%
Chilliwack14$ 23,099,5002%
Coquitlam8$ 11,689,0001%
Delta25$ 62,645,6846%
Langley20$ 83,908,2788%
New Westminster1$ 8,900,0001%
North Vancouver13$ 40,300,7504%
Port Coquitlam34$ 93,421,4889%
Port Moody2$ 7,132,7361%
Richmond0$ 00%
Surrey124$ 314,298,66630%
Vancouver54$ 263,416,90525%
Total334$ 1,050,155,603100%
2020
Burnaby0$ 00%
Chilliwack8$ 8,330,0001%
Coquitlam8$ 8,330,0001%
Delta28$ 84,343,76511%
Langley25$ 75,764,3959%
New Westminster15$ 33,168,5004%
North Vancouver3$ 5,403,0001%
Port Coquitlam17$ 90,019,50011%
Port Moody39$ 84,913,78811%
Richmond1$ 3,500,0000%
Surrey102$ 235,870,87329%
Vancouver70$ 170,759,16521%
Total316$ 800,402,986100%
2021
Burnaby0$ 00%
Chilliwack42$ 251,020,71912%
Coquitlam13$ 23,757,1001%
Delta17$ 56,425,8623%
Langley41$ 185,056,8269%
New Westminster34$ 200,399,40810%
North Vancouver1$ 1,785,0000%
Port Coquitlam31$ 170,072,8018%
Port Moody65$ 134,024,7307%
Richmond0$ 00%
Surrey161$ 585,388,31228%
Vancouver155$ 448,992,35822%
Total560$ 2,056,923,117100%
2022
Burnaby0$ 00%
Chilliwack13$ 156,321,79918%
Coquitlam2$ 8,450,0001%
Delta2$ 5,500,0001%
Langley8$ 36,815,0004%
New Westminster15$ 130,847,61115%
North Vancouver2$ 42,000,0005%
Port Coquitlam6$ 17,719,9992%
Port Moody8$ 51,971,8456%
Richmond1$ 1,950,0000%
Surrey56$ 181,980,74221%
Vancouver33$ 222,672,95026%
Total146$ 856,229,946100%
$ Volume And Number Of Transactions
Row Labels$ VolumeSales
2018780909186.41185
Qtr112118171034
Qtr224189361959
Qtr3129805697.0937
Qtr4288028160.3255
2019566203475.3151
Qtr113600555725
Qtr2185353545.557
Qtr38009744531
Qtr4164746927.838
20201434566739.71407
Qtr134737556942
Qtr2254447064.799
Qtr3327558588.81115
Qtr4505185517.2151
20212529818266.53665
Qtr1732509588.41203
Qtr2653008352.91174
Qtr3398639994.43132
Qtr4745660330.78156
2022933257179167
Qtr1933257179167
Industrial Market Share

2022 Q1

Abbotsford Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PriceSize (SF)Price per SF
2190 Carpenter Street$ 15,0404100000$ 273
Unit 115, 1891 Foy Street$ 10,5222734420$ 260
Unit 105, 1891 Foy Street$ 10,5224259385$ 405
Unit 6, 2602 Mount Lehman Road$ 5,0912000000$ 393
Unit 4, 30435 Progressive Way$ 5,0681400000$ 276
2237 Windsor Street$ 4,0002200000$ 550
2371 Queen Street$ 3,7762678000$ 709
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
20181699632516
Qtr161290005
Qtr220168255
Qtr39380002
Qtr479125004
201969874641.0239
Qtr11202298811
Qtr223421765.5210
Qtr32847896510
Qtr45950922.58
2020130975478.0129
Qtr1150726804
Qtr227735000.015
Qtr3460412899
Qtr44212650911
20217173801138
Qtr15086127013
Qtr270105004
Qtr3136022583
Qtr426398318
20226063510
Qtr16063510
Grand Total289645090.03132
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (average)Price/SF (Lowest)Price/SF (Highest)Total SF of Land
2018214.56258656583901
Qtr120915026930050
Qtr2183.614822611219
Qtr31921842004885
Qtr4271.58656537747
2019268.46153846154164682278916
Qtr1247.7272727272722430549306
Qtr2312.116468288658
Qtr3256.9185335117591
Qtr4256.87519928923361
2020253.44444444444144390512907
Qtr1228.2514426097040
Qtr2256.2517039072414
Qtr3242.22222222222209283190738
Qtr4272.5171312152715
2021309.4199644122141630.57
Qtr1323.69230769231199644173220
Qtr2316.529836822960
Qtr3345.531038115709
Qtr4291.5222396121929741.57
2022461.126071423028305
Qtr1461.126071423028305
Grand Total284.9291338582786714146045659.57

2022 Q1

Burnaby Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PriceSize (SF)Price/SF
5140 North Fraser Way$ 75,25135000000$ 465
3115 Norland Avenue$ 35,25323900000$ 678
4357 Canada Way$ 31,10016008799$ 515
Unit 101, 7337 North Fraser Way$ 17,3559950000$ 573
5035 Beresford Street$ 13,9448125000$ 583
3945 Myrtle Street$ 7,5767200000$ 950
7070 Randolph Avenue$ 6,9754500000$ 645
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
201827859761751
Qtr1378986498
Qtr210310716825
Qtr3435818009
Qtr4940100009
201914134259739
Qtr1379614006
Qtr22444968817
Qtr399865097
Qtr4689450009
2020452054762.561
Qtr12121900009
Qtr26556000012
Qtr37029500010
Qtr4104009762.530
202127144116644
Qtr16656285015
Qtr27842600011
Qtr312634124011
Qtr41110767
202220033213
Qtr120033213
Grand Total1143636474.5208
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (lowest)Price/SF (Highest)Sum of Size Sqft
20180000
Qtr1321.25204445128438
Qtr2364.84194869406463
Qtr346631366395950
Qtr4394.33333333333218625357122
20190000
Qtr140329357893255
Qtr2341.2352941176518986788734
Qtr3434.8333333333327860133088
Qtr4401.33333333333304625190452
20200000
Qtr1454.11111111111182839562476
Qtr2468.84523078718283.07086614173892.9198361615124726
Qtr3426.9273649199365
Qtr4447.4252696285030.11810416
20210000
Qtr1478.06666666667377616150716
Qtr2479323685177122
Qtr3515.55555555556290666107882
Qtr4530.6666666666741462760447889
20220000
Qtr1689.74651269156321799
Grand Total439.705790491821821269219770507.1181

2022 Q1

Chilliwack Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PricePrice/SF
44915 Yale Road$ 18,205$305-
45506 Yale Road---
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
201825780391.9419
Qtr14665311.944
Qtr254450808
Qtr344700003
Qtr4112000004
20192309950014
Qtr19750001
Qtr261100003
Qtr3112370007
Qtr447775003
202083300008
Qtr233200004
Qtr312100002
Qtr438000002
20212108310913
Qtr163490004
Qtr298900004
Qtr348250003
Qtr4191092
2022182052
Qtr1182052
Grand Total78311205.9456
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Land Area (acres)
20180000
Qtr1194.751812260.15999999642372
Qtr2185.6251552810.72000002861023
Qtr31811072421.0400000214577
Qtr4165.666666666671201985.8200000301003
20190000
Qtr11211211210
Qtr21941522683.1460001170635
Qtr3182.85714285714643424.4460000395775
Qtr42142032200.23999999463558
20200000
Qtr22552083030
Qtr32941554330
Qtr44383285481.2250000238419
20210000
Qtr12962753177957
Qtr2325.52175192.0799999833107
Qtr33172334580
Qtr4383.51925750
20220000
Qtr13053053050
Grand Total237.11538461538645757975.877000235

2022 Q1

Coquitlam Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PriceSize (SF)Price Per SF
Unit 10, 2075 Brigantine Drive$ 6,7884200000$ 619
Unit 111, 17 Fawcett Road$ 3,5321300000$ 368
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transaction
201811091100020
Qtr1161100006
Qtr2475960007
Qtr349000002
Qtr4423050005
2019116890008
Qtr160000001
Qtr215160003
Qtr336750003
Qtr44980001
20205099150018
Qtr115075002
Qtr365580007
Qtr4429260009
202142463449.1716
Qtr144491003
Qtr233386624.179
Qtr346012502
Qtr4264752
2022103202
Qtr1103202
Grand Total216065269.1764
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total SF of Space
20180000
Qtr125723327562893
Qtr2267.57142857143155408234199
Qtr3267.525627917983
Qtr4400.821263980516
20190000
Qtr122622622626496
Qtr2297.666666666672593345039
Qtr3356.3333333333331443111080
Qtr42352352352123
20200000
Qtr13742944544383
Qtr3309.7142857142922140322541
Qtr4393.875242554#DIV/0!
20210000
Qtr1300.6666666666723038415852
Qtr2419.1111111111128163190396
Qtr3701.54759287863
Qtr4498.548451312940000
20220000
Qtr1493.53686195500000
Grand Total357.22222222222155928#DIV/0!

2022 Q1

Delta Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PriceBuilding Size (SF)Price/SF
7544 Vantage Place$ 23,4008115000$ 347
4846 Elliott Street$ 10,1903400000$ 334
Unit 5, 7187 Honeyman Street$ 8,2433145000$ 382
Unit 101, 1628 Foster's Way$ 3,5991650000$ 458
Unit 101, 7063 Venture Street$ 3,5912000000$ 557
7983 Webster Road$ 3,4006100000$ 1,794
Unit 2, 7551 Vantage Way$ 2,3801205000$ 506
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
2018186868897.4550
Qtr120411595.009
Qtr227188165.0010
Qtr348922255.4516
Qtr490346882.0015
201962645684.0025
Qtr132995000.0010
Qtr212421200.006
Qtr32151200.003
Qtr415078284.006
202084843765.0029
Qtr119297250.006
Qtr21649900.002
Qtr38011000.007
Qtr455885615.0014
2021120576590.0041
Qtr129221300.0010
Qtr229990000.009
Qtr361205421.0014
Qtr4159869.008
202254803.008
Qtr154803.008
Grand Total454989739.45153
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Land Size (acre)
20180000
Qtr12271253002
Qtr2277.421334510
Qtr3271.1251836264
Qtr4290.3333333333324846410
20190000
Qtr1292.62274404
Qtr2299.333333333331854955
Qtr3242.666666666671273080
Qtr4300.666666666672234782
20200000
Qtr1268.52102940
Qtr23162903420
Qtr3326.285714285712614120
Qtr4334.785714285712615120
20210000
Qtr1359.734046144,621
Qtr2373.444444444442935680
Qtr3457.0714285714334711580
Qtr4576.4285714285725815510
20220000
Qtr1625.4285714285733417940
Grand Total342.70198675497125179444,657

2022 Q1

Langley Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PriceBuilding Size (SF)Price/SF
5744 268th Street$ 157,85060,000,000$ 381
6350 204th Street$ 49,23618,950,000$ 385
Unit 1, 5350 272nd Street$ 38,48419,489,051$ 506
5870 200A Street$ 10,7415,850,000$ 545
Unit C105, 6286 203rd Street$ 8,0543,521,760$ 437
Unit 301, 20381 62nd Avenue$ 7,7733,900,000$ 502
6322 202nd Street$ 7,5175,600,000$ 745
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
20189472439025
Qtr1475750005
Qtr22543787010
Qtr3192285206
Qtr424830004
201983908278.0120
Qtr1110950005
Qtr2170450004
Qtr3278132788
Qtr427955000.013
202074089395.0424
Qtr142595895.0410
Qtr240125002
Qtr335210004
Qtr4239600008
202113597180734
Qtr1381260008
Qtr2462913508
Qtr35142593510
Qtr41285228
202230984315
Qtr130984315
Grand Total389003713.05118
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Land Size (acre)
20180000
Qtr1297.2515762312.339999914169
Qtr2263.42013022.4499999880791
Qtr3279.666666666671883652.6299999207258
Qtr4212.251862420
20190000
Qtr1246.41903420.86000001430511
Qtr2244.51843562.6400001049042
Qtr3263.51694354.8929999470711
Qtr4245.33333333333994357.1899999976158
20200000
Qtr1263.62254440
Qtr23222793650
Qtr3355.752913970
Qtr42942083910
20210000
Qtr1319.1252554250
Qtr2410.752955714.6670001298189
Qtr3347.92834105.4169998168945
Qtr41154.666666666733947870
20220000
Qtr1479.533333333333817450
Grand Total364.3304347826199478743.086999833584

2022 Q1

North Vancouver Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
304 Harbour Avenue$ 8,2426399999$ 777
1456 Rupert Street$ 6,0285070000$ 841
Unit 108, 375 Lynn Avenue$ 3,4392300000$ 669
336 Harbour Avenue$ 2,0441850000$ 905
Unit 107, 1305 Welch Street$ 1,4761100000$ 745
Unit 120, 2455 Dollarton Highway$ 1,4121000000$ 708
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
201829928271210
Qtr1711500050
Qtr2732000150
Qtr31029327080
Qtr4520000030
201940300750130
Qtr11539175040
Qtr21155900050
Qtr3670000020
Qtr4665000020
202090019500170
Qtr1602000030
Qtr2120000010
Qtr33258600080
Qtr45021350050
2021133144918310
Qtr119149000110
Qtr210106000070
Qtr31274600060
Qtr418991870
20222264160
Qtr12264160
Grand Total293416080880
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total SF of Land
20180000
Qtr1541.246066013394
Qtr264750686762573
Qtr3581.37544885119065
Qtr4546.666666666673479389422
20190000
Qtr1650.7552491224822
Qtr255739681120820
Qtr364250478011191
Qtr452339964712343
20200000
Qtr1469.6666666666721560314740
Qtr25775775772081
Qtr3551.7543664464702
Qtr459150077195759
20210000
Qtr1652.5454545454542392431230
Qtr2553.5398652214225
Qtr3693.6666666666737291821328
Qtr4816.71428571429551116737758000
20220000
Qtr1774.1666666666766990517719999
Grand Total624.1976744186215116756095694

2022 Q1

Port Coquitlam Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
Unit 2140, 585 Seaborne Avenue$ 60,77022,800,000$ 375
1622 Kebet Way$ 25,21112,250,000$ 486
1464 Spitfire Place$ 5,7698,900,000$ 1,543
Unit 3110, 1225 Kingsway Avenue$ 4,8342,400,000$ 496
Unit 8, 1610 Langan Avenue$ 3,1041,140,000$ 367
Unit 1160, 551 Sherling Place$ 2,6752,071,845$ 775
Unit 204, 1730 Coast Meridian Road$ 1,6001,056,000$ 660
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
201851749685.4241
Qtr127136003
Qtr258950005
Qtr379095007
Qtr435231585.4226
201993421487.834
Qtr1192750005
Qtr2175102007
Qtr350562006
Qtr451580087.816
202086144187.9141
Qtr125104003
Qtr217297250.663
Qtr3168679697
Qtr449468568.2528
2021118495993.465
Qtr142371850.1628
Qtr253933811.2424
Qtr3221450005
Qtr4453328
20221055368
Qtr11055368
Grand Total349916890.53189
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Number of Transactions
20180000
Qtr119315723313612
Qtr2259.418930021796
Qtr332019645825514
Qtr4328.80769230769213408103151
20190000
Qtr132822841653641
Qtr2344.7142857142924042363186
Qtr3329.3333333333327438815299
Qtr4349.0625316426152059
20200000
Qtr1312.666666666671883767459
Qtr2342.3333333333331436649906
Qtr3394.5714285714328764635925
Qtr4398.14814814815282500106046
20210000
Qtr1393.35714285714280495109427
Qtr2398.95833333333292582146026
Qtr3480.2536665947051
Qtr4555.4285714285734975627040700
20220000
Qtr1695.375367154351971845
Grand Total385.88648648649157154379962643

2022 Q1

Richmond Industrial Sales

Sales & Price By Neighbourhood
Transaction NameSold PriceSize (SF)Price/SF
12791 Clarke Place$ 36,278 12,600,000 $ 347
Unit 131, 3231 No. 6 Road$ 14,150 7,873,575 $ 556
Unit 173, 3239 No. 6 Road$ 13,605 6,565,000 $ 483
Unit 167, 3239 No. 6 Road$ 12,286 5,235,000 $ 426
Unit 159, 3239 No. 6 Road$ 12,286 5,835,850 $ 476
Unit 171, 3239 No. 6 Road$ 12,286 4,988,800 $ 406
Unit 153, 3239 No. 6 Road$ 12,286 7,985,900 $ 650
$ Volume And Number Of Transactions
Row LabelsTotal Dollar VolumeNumber of Transactions
2018113000003
Qtr17500001
Qtr380500001
Qtr425000001
2020286931040.59104
Qtr111289014424
Qtr260646306.0231
Qtr357064973.6227
Qtr456329616.9522
2021392191400.43144
Qtr15743270012
Qtr212624525251
Qtr3208310946.4343
Qtr420250238
202231284156
Qtr131284156
Grand Total690735282.02307
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total SF of Land
20180000
Qtr13163163162370
Qtr335435435422728
Qtr44264264265864
20200000
Qtr1360.54166666667236530360180
Qtr2428.61290322581224549156780
Qtr3376.25925925926209577173643
Qtr4434.61904761905276702111545
20210000
Qtr1386.25288556183739
Qtr2471.490196078431801206288159
Qtr3489.069767441863061037460201
Qtr4520.87878787879311962164842539
20220000
Qtr1551.70370370373101391181980742
Grand Total464.929765886291801391348588490
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