More than 1.8 million square feet of industrial space was taken up in the third quarter of this year in Metro Vancouver, but less than 400,000 square feet were added to the inventory, according to a survey by Cushman & Wakefield.
The result has been a plunge in vacancy rates, which have fallen to 2008 lows of 3.5 per cent. However, two million square feet of new supply is in the pipeline, the commercial agent says, which could "offer some relief in this tight market" within 12 to 18 months.
from Western Investor December 2012
