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After three years, Vancouver industrial market entering new phase

A run of unwinding vacancy set to stabilize but will remain at a landlord-friendly level of imbalance

A number of large space availabilities can be found throughout metropolitan Vancouver. (Justin Eckersall/CoStar)
A number of large space availabilities can be found throughout metropolitan Vancouver. (Justin Eckersall/CoStar)

The Vancouver market is fast approaching its third consecutive year of climbing vacancy. While this does not set the market apart from its Canadian peers, it does still make it the most stable and predictable industrial market over the past decade, with a sustained vacancy of approximately 3% for the next 18 months, still well below equilibrium.

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