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We are pleased to publish the July 2024 Commercial Strata Benchmark Report for different Lower Mainland municipalities.

 

3 Month Benchmark Report Industrial Retail Office Total Sales
New Commercial Strata Market Sales Average PSF Sales Average PSF Sales Average PSF
Area 1: Vancouver 1 $764      3 $1,326  4
Area 2: N. Shore             0
Area 3: Burnaby             0
Area 4: Coquitlam / New West / Port Moody             0
Area 5: Richmond / Delta 3 $618 1 $546  1 $555  5
Area 6: Surrey / Langley / White Rock 2 $542 $565      3
Area 7: Port Coquitlam / Pitt Meadows / Maple Ridge $602          2
Area 8: Abbotsford / Mission             0
Total 8 $598 2 $555 4 $1,046  14

Click here to get a PDF copy of the report


Methodology: 3 Month benchmark of March 1, 2024 to May 31, 2024 as of July 10, 2024. All data taken from CommercialEdge (Greater Vancouver Real Estate Board), and is assumed correct. New sales data is limited as many new strata projects are sold outside the MLS system. Values are averages and represent various income, use, improvements, etc. Should only be used as a guide.

© 2013-2024 by Bramwell & Associates Realty Advisors Inc. Use of statistics must reference Bramwell & Associates Realty Advisors Inc.
3 Month Benchmark Report Industrial Retail Office Total Sales
Resales Commercial Strata Market Sales Average PSF Sales Average PSF Sales Average PSF
Area 1: Vancouver 2 $547 10 $1,205 7 $1,053 19
Area 2: N. Shore 4 $928     4 $1,059 8
Area 3: Burnaby 4 $573     2 $1,060 6
Area 4: Coquitlam / New West / Port Moody 2 $744 2 $1,102      4
Area 5: Richmond / Delta 12 $529 8 $853 3 $822 23
Area 6: Surrey / Langley / White Rock 20 $633 5 $1,143 9 $1,097 34
Area 7: Port Coquitlam / Pitt Meadows / Maple Ridge 6 $626 1 $613  $884  8
Area 8: Abbotsford / Mission 4 $484 3 $869  $621  8
Total 54 $606 29 $1,044 27 $1,026 110


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