In recent years, Metro Vancouver’s industrial landscape has evolved dramatically. Demand for warehouse, logistics, and light-industrial assets continues to outpace supply—a trend driven by e‑commerce growth and supply chain reevaluation.
Key Drivers
Commerce Acceleration: The shift to online retail has shifted warehousing and distribution needs closer to consumers. Prime industrial land is now scarce, pushing developers to explore infill sites and vertical solutions.
• Supply Chain Resilience: Companies are seeking redundancy to buffer against disruptions, increasing demand for regional logistics space.
• Land Constraints: With limited land in established industrial zones, options are narrowing. Suburban expansions and redevelopments are becoming the focus.
Market Moves
Recent leasing deals and new development proposals reflect this trend. Institutional players are entering the space, and local brokerages—like ours—are adapting by focusing on specialized tenant representation and optimizing redevelopment opportunities.
What This Means for Investors
• Asset Quality Matters: Location, ceiling heights, and yard capacities are premium factors.
• Long-Term Leases: Tenants value stability—creating opportunities for steady returns.
• Regulatory Environment: Rezoning and entitlements require savvy navigation but also unlock value in underutilized sites.
