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We are pleased to publish the November 2022 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 $660      1
Area 2: N. Shore             0
Area 3: Burnaby             0
Area 4: Coquitlam / New West / Port Moody             0
Area 5: Richmond / Delta          2 $2,610  2
Area 6: Surrey / Langley / White Rock 1 $700         1
Area 7: Port Coquitlam / Pitt Meadows / Maple Ridge             0
Area 8: Abbotsford / Mission             0
Total 1 $700  1 $660  1 $2,610 3

Click here to get a PDF copy of the report


Methodology: 3 Month benchmark of July 1, 2022 to September 30, 2022 as of November 14, 2022. 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.

© 2013-2022 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 $557 7 $1,060 3 $1,225 12
Area 2: N. Shore 1 $658 4 $1,545 3 $807 8
Area 3: Burnaby 6 $774 2 $1,136 $997 9
Area 4: Coquitlam / New West / Port Moody     2 $991  $408 3
Area 5: Richmond / Delta 20 $656 13 $942 8 $890 41
Area 6: Surrey / Langley / White Rock 21 $618 7 $922 13 $722 41
Area 7: Port Coquitlam / Pitt Meadows / Maple Ridge 8 $590 2 $553      10
Area 8: Abbotsford / Mission 6 $535 4 $613     10
Total 64 $608 41 $959 29 $797 134


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