Space acquisition hangover isn’t only reason for slowdown in Vancouver’s industrial market

Momentum in Vancouver’s industrial market has slowed to approximately one million square feet leased quarterly. The market’s performance has been consistent this year but is off last year’s pace by 35% and below the pandemic-boosted 2021 rate by 57%. Even compared to pre-pandemic activity, this year’s pace is slower by between 18% and 55%, depending on the year of comparison.