· Research orecast Report Second uarter 2015 Metro Vancouver/o5ce Colliers international 1 Metro Vancouver Market Overview Market Overview The Metro Vancouver market expanded by

Research & Forecast Report

Metro VancouVeroffice Market Second Quarter 2015

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Research & Forecast Report | Second Quarter 2015 | Metro Vancouver/Office | Colliers International

Metro Vancouver Market Overview .......................................................................................1

Market Summaries

Vancouver - Downtown ..................................................................................................2 Vancouver - Broadway Corridor ............................................................................... 3 North Shore ............................................................................................................ 4 Burnaby .................................................................................................................. 5 New Westminster .................................................................................................... 6 Richmond ................................................................................................................ 7 Surrey .................................................................................................................... 8 Langley ................................................................................................................... 9

Glossary ............................................................................................................................. 10

Forecast Assumptions ........................................................................................................12

Table of Contents

Research & Forecast Report | Second Quarter 2015 | Metro Vancouver/Office | Colliers International 1

Metro Vancouver Market Overview

Market OverviewThe Metro Vancouver market expanded by almost one million square feet this quarter with the completion of three office buildings downtown. With 84 percent of the new supply completed this quarter preleased, the Metro Vancouver vacancy rate adjusted to the new supply, rising from 9.6 percent to 10.0 percent while 648,181 square feet was absorbed. Factors that helped moderate the increase in vacancy from the new supply were tenant expansion to accommodate workforce growth, especially in the technology and digital media industry, along with new entrants to the Vancouver market.

With a growing understanding of the role real estate plays in a company’s evolution and growth, tenants in both the suburbs and downtown are seeking to maximize the efficiency of their office and create a work environment that reflects the culture of their business. This has led to a decrease in demand for traditional built-out space as tenants explore options, including build-to-suit spaces in new developments. As a result, pressure remains consistent on landlords across all submarkets to offer inducements to attract tenants to aging spaces competing against new supply and unique spaces.

Subleases also remain a relevant real estate strategy with spaces beginning to sublease in the new supply as well as older buildings. Sublease availability, as a percentage of total available space, has risen from 11.7 percent to 14.2 percent. This is in part from tenants looking to sublet their surplus space to reduce costs, as well as others subletting their current spaces to move to more appropriate offices.

Investment MarketThe Metro Vancouver investment market continues to attract investors, with off-market transactions and unsolicited offers to purchase compressing capitalization rates. In addition to building sales, strata is developing as a key factor in the market, attracting increasing prices per square foot. Development activity also remains strong, with Cressey’s 380 West 5th Ave joining the ranks of office buildings approved for construction this year.

June – 2,328,500 Square Feet

Historical Performance and Forecast

(400,000)

(200,000)

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2

Net Absorption (SF) New Supply (SF) Vacancy Rate (%)

Tenant DemandTenant activity was strong this quarter with the number of tenants seeking space 5,000 square feet and larger rising from 82 to 92. This was largely driven by tenants seeking smaller spaces between 5,000 square feet and 10,000 square feet, resulting in total square feet required remaining around 2.32 million square feet. The technology and digital media industry headed this rise in activity, accounting for 40 percent of smaller tenants.

33.99%

21.47%8.80%

6.18%

5.93%

23.62%Technology & Digital Media

Consumer Goods

Professional Services

Legal Services

Financial Services

Other*

* Other includes Accounting, Education, Real Estate, Insurance, Health Services, Logistics, Entertainment & Leisure, Government, Professional Services, Childcare and Food Services

*There are 765 office buildings surveyed in Metro Vancouver ** Average Asking Net Rent is calculated using a weighted average

Summary Statistics 2015 Q1 2015 Q2 Trend

Office Inventory* 54,924,514 55,903,699

Net Absorption (91,633) 648,181

Vacancy Rate 9.6% 10.0%

Average Asking Net Rent** $22.28 $23.50

Average Additional Rent $13.85 $14.72

2 Research & Forecast Report | Second Quarter 2015 | Metro Vancouver/Office | Colliers International

Vancouver - DowntownStrong demand from technology and digital media companies in Vancouver is helping to moderate increases in the vacancy rate caused by the almost one million square feet of new supply completed this quarter. With an additional 475,000 square feet expected to complete later this year, vacancy will continue to rise.

Trends > TELUS Garden, 725 Granville, and 980 Howe all completed this quarter adding 980,000 square feet of office space to the inventory Downtown.

> Animal Logic’s expansion to Vancouver from its offices in Sydney and Los Angeles reflects continued interest in Vancouver from technology and digital media companies.

Notable Lease Transactionstenant name - addreSS tyPe aPProximate

Size (SF)

1. Fluor - 1075 West Georgia Street Headlease 55,000

2. Animal Logic - 840 Cambie Street Headlease 45,000

3. Northbridge Financial Corporation - 745 Thurlow Street Sublease 35,660







GeorgeWainborn

Park

Granville

City Centre

Yaletown/Roundhouse

Waterfront

Burrard

Stadium/Chinatown

1A

1A

99

99

99

1A

Alberni St

Haro St

May & LorneBrown Park

Barclay St

Nelson St

Comox St

Pendrell StDavie StBurnaby St

Harwood St

W. Georgia St

Alberni StHaro St

Comox St

W. Georgia St

Nicola

St

Carde

ro St

Bidwell

St

Denman

St

Gilford

StChilco

StPark Ln

Lagoon Dr

Jervi

s St

Bute St

Brough

ton St

Nicola

StCarde

ro StBidw

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Brough

ton St

Thurl

ow St

Burrard

St

Hornby

St

Howe S

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ville

St

Seymou

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Richard

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Homer

St

Bute St

Thurl

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St

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Richard

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St

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Hamilto

n St

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le Brid

ge

Burrard Bridge

Mainlan

d St

Cambie

St

Beatty

St

Cambie Bridge

Expo

Blvd

Melville St

Dunsmuir StW. Georgia StRobson St

Smithe StNelson StHelmcken St

St.Paul’sH

Davie StDrake St

Paci�c Blvd

Beach Ave

Paci�c Blvd

Paci�c B

lvd

Pender St

Hastings St

Cordova St

Canada

PlaceCanada Pl

E. Commissioner

Water St

Pender St

Keefer St

Pender St

Expo BlvdGeorgia Viad

Dunsmuir Viad

Abbott St

Carrall St

Columbia St

1 Ave

1 Ave

2 Ave

1 Ave1 Ave

Point Grey Rd

2 Ave2 Ave

3 Ave3 Ave3 Ave

Quebec StQuebec St

Cypress St

Maple St

Vine St

Balsam St

Larch St

Trafalgar St

Stephens St

Yew St

W. Commissioner St

Beach Ave

Beach Ave

SunsetBeach

ScienceWorld

Olympic Village

English Bay

Coal Harbour

VanierPark

Lost Lagoon

Beaver Lake

DevonianHarbour Park

Stanley Park

HarbourGreen Park

GranvilleIsland

Powell St

Stanley Park Causeway

Stanley Park Dr

Stanley P

ark Dr

Pipeline Rd

Stanley Park Dr

N Lagoon Dr

Stanley Park Dr

Avison Way

False Creek

Kitsalano Beach

BC PlaceStadium

RogersArena

David LamPark

Cartwright Street

Johnston Street

Old B

ridge

Stre

et

Bidwell

St

Pendrell St

Pendrell St

Notable Lease Notable Sale New Supply

Upcoming New SupplyaddreSS claSS FloorS total oFFice

area (SF) deVeloPer eStimated comPletion StatuS

A. The Exchange - 475 Howe Street AAA 30 400,000 Credit Suisse Q1 2017 U/C

B. 745 Thurlow Street AAA 20 365,000 bcIMC / Bentall Kennedy Q3 2015 U/C

C. Burrard Place A 13 235,000 Jim Pattison Developments/ Reliance Properties

Q3 2018 Approved

D. Roger’s Arena Towers - West Tower A 11 110,760 Aquilini Investment Group Q3 2015 U/C


(400,000)

(200,000)

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2


Notable Sale TransactionsPurcHaSer - addreSS Price aPProximate

Size (SF)

4. Peterson Investment Group - 750 Cambie Street $21,500,000 69,738

5. 835 Beatty Holdings - 837 Beatty Street $9,880,000 18,000

a

c

B

d

1

2

3

4

5

*There are 228 office buildings surveyed in the Downtown region **Average Asking Net Rent is calculated using a weighted average

*There are 127 office buildings surveyed in the Broadway Corridor region **Average Asking Net Rent is calculated using a weighted average


Vancouver - Broadway Corridorimproved buildings remain in high demand as a variety of tenants seek space in the Broadway corridor. With spaces leasing quickly, vacancy rates have remained stable and are expected to stay consistent until the new developments are completed.

Trends > Cressey’s office development at 380 West 5th Avenue is now 100 percent preleased by DHX Media Ltd. and scheduled to begin construction later this year for a late 2016 completion.

> Broadway Corridor continues to attract larger tenants, with three tenants seeking a total of 485,000 square feet.


Size (SF)

1. DHX Media Ltd. - 380 West 5th Avenue Headlease 75,000

2. Rogers Group Financial - 1701 Broadway West Headlease 14,000

3.Can-Bridge Financial Corporation - 1758 8 Avenue West

Headlease 6,300



Net Absorption 314 (4,685)




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Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

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Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport

VancouverCity Centre

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

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Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

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Commercial

RupertRenfrew

Gilmore BrentwoodTown Centre

Holdom

Sperling/Burnaby Lake

Lake City WayProduction Way/University

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LougheedTown Centre

VCC/Clark

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RupertRenfrew


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Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds

22nd StNewWestminster

ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

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ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford

George Massey Tunnel

Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Peard

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King Rd

Ross

Rd

296t

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328t

h St

320t

h St

304t

h St

Mt.

Lehm

an R

d Clea

rbro

ok R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bell

Rd

56th Ave

Clayburn Rd

Rive

rsid

e Rd

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Glad

win

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ceda

r St

Farm

s Rd

Spra

tt Rd

Stav

e La

ke R

d

Hurd

St

Wre

n St

Clay

St

Dewdney Trunk Rd

Keystone Ave

Tyler

Wils

on S

t

Hayw

ard

St

Duke R

d280t

h St

80th Ave

McTavish Rd

Satc

hell

St

Harris Rd

Townshipline Rd

Downes Rd

Brad

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d28

8th

St

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d St

8th Ave

256t

h St

248t

h St

272n

d St

56th Ave

272n

d St

280t

h St

112th Ave

100th Ave

112th Ave

256t

h St

256t

h St

264t

h St

248t

h St

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240t

h St

128th Ave128th Ave

232n

d St

227t

h St

224t

h St

Glov

er R

d

Wilson Cr

80th Ave

240t

h St

Brow

n Rd

72nd Ave

Telegraph Tr

Fern

Cr

132nd Ave

144 th St

Neav

es R

d

Laity

St

216t

h St

River Rd

203r

d St

207t

h St

Gold

en E

ars

Brid

ge

208t

h St

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h St

To

pham

Rd

200t

h St

72nd Ave 72nd Ave

208t

h St

216t

h St

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h St

53rd Ave

203r

d St

Grade Cr

200t

h St

208t

h St

216t

h St

32nd Ave

240t

h St

24th Ave 24th Ave

224t

h St

232n

d St

16th Ave

176t

h St

0 Ave Boundary Rd

176t

h St

172n

d St

Campbell River Rd

16th Ave

168t

h St

8th Ave

Buena Vista Ave

152n

d St 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h St

188t

h St

192n

d St

20th Ave

Colebrook Rd

Paci

�c H

ighw

ay

40th Ave 40th Ave

160t

h St

160t

h St

60th Ave

64th Ave

168t

h St

184t

h St

192n

d St

80th Ave

88th Ave

Harvie

Rd

160t

h St

92nd Ave

96th Ave

104th Ave

156t

h St

108th Ave

S Fraser Perimeter Rd

Woo

lridg

e Rd

Victoria Dr

Burn

s Rd

Prairie Ave

Ceda

r Dr

Coas

t Mer

idia

n Rd

Kingsway Ave

Broa

dway

St

Shau

ghne

ssy S

t

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne Dr

Pine

tree

Wy

Mary Hill Bypass

Pitt

Rive

r Rd

Dewdney Trunk Rd

Harr

is R

d

Richardson Rd

McNeil Rd

East Rd

Sunn

ysid

e Rd

Ioco Rd

April

Rd

Heritage Mountain Blvd

Clarke

Rd

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gate

nsbu

ry R

d

Austin Ave

Marine DrNorth Blu� Rd

128t

h St

20th Ave124t

h St

Bayv

iew

St

24th Ave

28th Ave

140t

h St

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Stat

ion

Rd

58th Ave 148t

h St

148t

h St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Scot

t Rd

120t

h St

80th Ave

Kitson Pkwy

72nd Ave 140t

h St

144t

h St

152n

d St

84th Ave

128t

h St

112t

h St

84th Ave

Norde

l Wy

140t

h St

AnnacisHighway

88th Ave

92nd Ave

96th Ave

132n

d St

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

venor

Rd

116th Ave

Hartley Ave

Mt S

eymou

r Rd

Deep

Cov

e Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Gera

ld A

ve

Sper

ling

St

Nort

h Rd

Canada Wy6th St

10th Ave

8th Ave

6th Ave

Queens

Ave

Deer Lake Pkwy

Gille

y Av

e

Roya

l Oak

Ave

Imperial St

Rumble St

Nels

on A

ve

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Boun

dary

Rd

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Boundary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave

52nd

St

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Arth

ur D

r

34B Ave

Cause

way

Rive

r Rd W

62B

St

No. 6

Rd

No. 7

Rd

No. 8

Rd

Nels

on R

d

No. 9

Rd

Vulc

an W

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Bridgeport Rd

Knight St Bridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gard

en C

ity R

d

No. 4

Rd

Shel

l Rd

Railw

ay A

ve

Westham Island Rd

Robe

rtso

n Rd

Dyke RdGi

lber

t Rd

No. 2

Rd

No. 1

Rd

Moncton St

Russ Baker W

y

Grant McConachie Wy

W 70th Ave N Kent AveSE Marine Dr

Twigg Pl

Sprott StWinston StRu

pert

St

Hold

om S

t

Berk

ley

Rd

McGill St

Dundas St

Renf

rew

St

1st Ave

Venables St

Nana

imo

St

E 41st Ave

W 57th Ave W 57th Ave

49th Ave E

Kerr

St

Ellio

t S

t

Vict

oria

Dr

Clar

k Dr

Knig

ht S

t

Fras

er S

t

Mai

n St

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denman

St

Davie St

Paci�c St

W 33rd Ave

Cam

bie

St

Oak

St

Arbu

tus

StW

Bou

leva

rd

W 49th Ave

Blen

heim

St

Dunb

ar S

t

Crow

n St

W 10th Ave

Wesbrook Mall

W 4th Ave

NW Marine Dr

Cornwall StPoint Grey Rd

Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens D

r

Queens AveSouth

boro

ugh

Dr

Capi

lan

o Rd

Edgemont Blvd

Welch St

Larso

n Rd

Delb

rook

E 29th St

E Gr

and

Blvd

Broo

ksba

nkAv

e

Mountain Hw

yE Esplanade Main St W Riverside Dr

E Riv

ersid

e Dr

W Esplanade

Lons

dale

Ave

Ches

ter�

eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n Hw

y

Lynn V

alley R

d

Lillo

oet R

d

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd

Harbourside DrHarbourside Pl

Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk Road

Blue

Mou

ntai

n St

Stav

e La

ke St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd

Trans Canada Highway

Lougheed Highway

Simon FraserUniversity

Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lions

Gat

e Br

idge

Queensborough Bridge

Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hope

dale

Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd

Watson Rd Promontory Rd

Chilliwack Central Rd

1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd

Chi l l iw ackRiver Rd

Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South

Nicomen Island Trunk Rd


John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd

Upper Sumas Mountai n Rd

Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbia

St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Stre

et

W Broadway

King

Geo

rge

High

way

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way

Mission-abbotsford Highw

ay

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Harr

ison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay

Richmond Annacis Highway

Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave




A. Marine Gateway - 450 SW Marine Drive A 14 249,817 PCI Group Q4 2015 U/C

B. Renfrew Business Centre A 6 160,000 Blackwood Partners Q1 2016 U/C

C. Broadway and Oak - 988 W. Broadway A 8 82,000 BlueSky Properties Q3/Q4 2017 Approved

D. 380 West 5th Avenue A 4 75,000 Cressey Development LLP Q4 2016 Approved


(100,000)

(50,000)

-

50,000

100,000

150,000

200,000

250,000

300,000

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2



Size (SF)

4. Porte Development Ltd. -33 & 53 East 8th Avenue $7,455,000 24,000

a

B

1dc2 3 4

*There are 63 office buildings surveyed in the North Shore region **Average Asking Net Rent is calculated using a weighted average


North Shorethe north Vancouver market remains primarily driven by local businesses. While demand is largely around transit-oriented lonsdale, business parks have seen some success in attracting tenants.

Trends > Harbourside Business Centre saw an uptake in activity with four suites leasing to a range of tenants from medical associations to construction companies.

> While strata office sales to owner-users continues to be a viable option for businesses’ real estate strategies, activity has slowed at the Dollarton Business Park, with 12,200 square feet still available.


Size (SF)

1. YWCA - 980 West 1st Street Headlease 9,168

2. Chutter Underwriting Services Ltd. - 850 Harbourside Drive Sublease 2,250



Net Absorption 11,968 (15,008)




CapilanoLake

Indian

Arm

BuntzenLake

Pitt Lake

Hatzic Lake

Stave Lake

English Bay

Burrard Inlet

Strait Of Georgia

Mud Bay

Fraser River

CultusLake

Harrison Lake

Harrison Bay

Fraser

River

Fraser River

C.P

.R.

C.N.R.

C.P.R.

C.N.R.

VIA RAIL

SOUTHERN

RAILWAY

C.N

.R.

B.C. RAIL

C.N.R.

C.P.R.

C.P.R

.

C.N

.R.

C.N.R.

C.N.R.

SOUTHERN RAILWAY

B.N.R.

B.N.R.

SOUTHERN RAILWAY

BC RAIL

C.N

.R.

1

1

1

99

CANADAU.S.A.

CANADAU.S.A.


1

1

1

CANADAU.S.A.

Sout

h Fr

aser

Per

imet

er R

oad

17A

10

99

91

91

99

99

99

7A

7

7

7

7

91A

99A

15

17

10

13

1A

1111

11

1A

9

9

7

7

17

7

7

17

17


AIRPORT

BC FERRIESTERMINAL

TSAWWASSEN

BOUNDARY BAYAIRPORT

LANGLEYAIRPORT

PITT MEADOWSAIRPORT


AIRPORT

Albion Ferry

Burquitlam


LincolnWCE

Coquitam

Burquitlam


LincolnWCE

Coquitam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford


Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Peard

onvil

le Rd

King Rd

Ross

Rd

296t

h St

328t

h St

320t

h St

304t

h St

Mt.

Lehm

an R

d Clea

rbro

ok R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bell

Rd

56th Ave

Clayburn Rd

Rive

rsid

e Rd

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Glad

win

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ceda

r St

Farm

s Rd

Spra

tt Rd

Stav

e La

ke R

d

Hurd

St

Wre

n St

Clay

St

Dewdney Trunk Rd

Keystone Ave

Tyler

Wils

on S

t

Hayw

ard

St

Duke R

d280t

h St

80th Ave

McTavish Rd

Satc

hell

St

Harris Rd

Townshipline Rd

Downes Rd

Brad

ner R

d28

8th

St

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d St

8th Ave

256t

h St

248t

h St

272n

d St

56th Ave

272n

d St

280t

h St

112th Ave

100th Ave

112th Ave

256t

h St

256t

h St

264t

h St

248t

h St

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240t

h St

128th Ave128th Ave

232n

d St

227t

h St

224t

h St

Glov

er R

d

Wilson Cr

80th Ave

240t

h St

Brow

n Rd

72nd Ave

Telegraph Tr

Fern

Cr

132nd Ave

144 th St

Neav

es R

d

Laity

St

216t

h St

River Rd

203r

d St

207t

h St

Gold

en E

ars

Brid

ge

208t

h St

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h St

To

pham

Rd

200t

h St

72nd Ave 72nd Ave

208t

h St

216t

h St

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h St

53rd Ave

203r

d St

Grade Cr

200t

h St

208t

h St

216t

h St

32nd Ave

240t

h St

24th Ave 24th Ave

224t

h St

232n

d St

16th Ave

176t

h St

0 Ave Boundary Rd

176t

h St

172n

d St

Campbell River Rd

16th Ave

168t

h St

8th Ave

Buena Vista Ave

152n

d St 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h St

188t

h St

192n

d St

20th Ave

Colebrook Rd

Paci

�c H

ighw

ay

40th Ave 40th Ave

160t

h St

160t

h St

60th Ave

64th Ave

168t

h St

184t

h St

192n

d St

80th Ave

88th Ave

Harvie

Rd

160t

h St

92nd Ave

96th Ave

104th Ave

156t

h St

108th Ave


Woo

lridg

e Rd

Victoria Dr

Burn

s Rd

Prairie Ave

Ceda

r Dr

Coas

t Mer

idia

n Rd

Kingsway Ave

Broa

dway

St

Shau

ghne

ssy S

t

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne Dr

Pine

tree

Wy

Mary Hill Bypass

Pitt

Rive

r Rd

Dewdney Trunk Rd

Harr

is R

d

Richardson Rd

McNeil Rd

East Rd

Sunn

ysid

e Rd

Ioco Rd

April

Rd


Clarke

Rd

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gate

nsbu

ry R

d

Austin Ave


128t

h St

20th Ave124t

h St

Bayv

iew

St

24th Ave

28th Ave

140t

h St

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Stat

ion

Rd

58th Ave 148t

h St

148t

h St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Scot

t Rd

120t

h St

80th Ave

Kitson Pkwy

72nd Ave 140t

h St

144t

h St

152n

d St

84th Ave

128t

h St

112t

h St

84th Ave

Norde

l Wy

140t

h St

AnnacisHighway

88th Ave

92nd Ave

96th Ave

132n

d St

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

venor

Rd

116th Ave

Hartley Ave

Mt S

eymou

r Rd

Deep

Cov

e Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Gera

ld A

ve

Sper

ling

St

Nort

h Rd

Canada Wy6th St

10th Ave

8th Ave

6th Ave

Queens

Ave

Deer Lake Pkwy

Gille

y Av

e

Roya

l Oak

Ave

Imperial St

Rumble St

Nels

on A

ve

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Boun

dary

Rd

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Boundary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave

52nd

St

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Arth

ur D

r

34B Ave

Cause

way

Rive

r Rd W

62B

St

No. 6

Rd

No. 7

Rd

No. 8

Rd

Nels

on R

d

No. 9

Rd

Vulc

an W

y

Bridgeport Rd

Knight St Bridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gard

en C

ity R

d

No. 4

Rd

Shel

l Rd

Railw

ay A

ve

Westham Island Rd

Robe

rtso

n Rd

Dyke Rd

Gilb

ert R

d

No. 2

Rd

No. 1

Rd

Moncton St

Russ Baker W

y

Grant McConachie Wy


Twigg Pl


pert

St

Hold

om S

t

Berk

ley

Rd

McGill St

Dundas St

Renf

rew

St

1st Ave

Venables St

Nana

imo

St

E 41st Ave


49th Ave E

Kerr

St

Ellio

t S

t

Vict

oria

Dr

Clar

k Dr

Knig

ht S

t

Fras

er S

t

Mai

n St

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denman

St

Davie St

Paci�c St

W 33rd AveCa

mbi

e St

Oak

St

Arbu

tus

StW

Bou

leva

rd

W 49th Ave

Blen

heim

St

Dunb

ar S

t

Crow

n St

W 10th Ave

Wesbrook Mall

W 4th Ave

NW Marine Dr


Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens D

r

Queens AveSouth

boro

ugh

Dr

Capi

lan

o Rd

Edgemont Blvd

Welch St

Larso

n Rd

Delb

rook

E 29th St

E Gr

and

Blvd

Broo

ksba

nkAv

e

Mountain Hw


E Riv

ersid

e Dr

W Esplanade

Lons

dale

Ave

Ches

ter�

eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n Hw

y

Lynn V

alley R

d

Lillo

oet R

d

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd


Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk Road

Blue

Mou

ntai

n St

Stav

e La

ke St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd


Lougheed Highway


Dollarton HwyOld Do

llarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lions

Gat

e Br

idge


Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hope

dale

Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd



1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd


Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South



John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd


Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbia

St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Stre

et

W Broadway

King

Geo

rge

High

way

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way


ay

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Harr

ison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay


Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave




A. 1308 Lonsdale Avenue A 4 80,000 Onni Group of Companies Q4 2017 U/C


(100,000)

(50,000)

-

50,000

100,000

150,000

200,000

250,000

300,000

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2


Notable Sale TransactionsThere were no significant sale transactions this quarter in the North Vancouver submarket.

a

12

*There are 138 office buildings surveyed in the Burnaby region **Average Asking Net Rent is calculated using a weighted average


BurnabyBurnaby’s tour activity picked up this quarter with primarily existing tenants exploring the market. tenants are beginning to look into increasing efficiency through downsizing, as well as looking to off-transit options to reduce costs. these trends are expected to intensify, resulting in vacancy rising as new developments enter the market.

Trends > While there has been some interest in new developments such as Solo District Office and Renfrew Centre, there have been limited lease commitments to date.

> Pacific Blue Cross has made the decision to renew its lease at 4250 Canada Way for 119,315 square feet.


Size (SF)

1. Active Network - 2925 Virtual Way Sublease 17,534

2. Earth’s Own Food Co. -4180 Lougheed Highway Headlease 9,513

3. Canada Wide Media Ltd. - 4321 Still Creek Drive Headlease 9,142



Net Absorption (71,847) (31,648)




CapilanoLake

Indian

Arm

BuntzenLake

Pitt Lake

Hatzic Lake

Stave Lake

English Bay

Burrard Inlet

Strait Of Georgia

Mud Bay

Fraser River

CultusLake

Harrison Lake

Harrison Bay

Fraser

River

Fraser River

C.P

.R.

C.N.R.

C.P.R.

C.N.R.

VIA RAIL

SOUTHERN

RAILWAY

C.N

.R.

B.C. RAIL

C.N.R.

C.P.R.

C.P.R

.

C.N

.R.

C.N.R.

C.N.R.

SOUTHERN RAILWAY

B.N.R.

B.N.R.

SOUTHERN RAILWAY

BC RAIL

C.N

.R.

1

1

1

99

CANADAU.S.A.

CANADAU.S.A.


1

1

1

CANADAU.S.A.

Sout

h Fr

aser

Per

imet

er R

oad

17A

10

99

91

91

99

99

99

7A

7

7

7

7

91A

99A

15

17

10

13

1A

1111

11

1A

9

9

7

7

17

7

7

17

17


AIRPORT

BC FERRIESTERMINAL

TSAWWASSEN

BOUNDARY BAYAIRPORT

LANGLEYAIRPORT

PITT MEADOWSAIRPORT


AIRPORT

Albion Ferry

Burquitlam


LincolnWCE

Coquitam

Burquitlam


LincolnWCE

Coquitam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford


Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Peard

onvil

le Rd

King Rd

Ross

Rd

296t

h St

328t

h St

320t

h St

304t

h St

Mt.

Lehm

an R

d Clea

rbro

ok R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bell

Rd

56th Ave

Clayburn Rd

Rive

rsid

e Rd

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Glad

win

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ceda

r St

Farm

s Rd

Spra

tt Rd

Stav

e La

ke R

d

Hurd

St

Wre

n St

Clay

St

Dewdney Trunk Rd

Keystone Ave

Tyler

Wils

on S

t

Hayw

ard

St

Duke R

d280t

h St

80th Ave

McTavish Rd

Satc

hell

St

Harris Rd

Townshipline Rd

Downes Rd

Brad

ner R

d28

8th

St

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d St

8th Ave

256t

h St

248t

h St

272n

d St

56th Ave

272n

d St

280t

h St

112th Ave

100th Ave

112th Ave

256t

h St

256t

h St

264t

h St

248t

h St

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240t

h St

128th Ave128th Ave

232n

d St

227t

h St

224t

h St

Glov

er R

d

Wilson Cr

80th Ave

240t

h St

Brow

n Rd

72nd Ave

Telegraph Tr

Fern

Cr

132nd Ave

144 th St

Neav

es R

d

Laity

St

216t

h St

River Rd

203r

d St

207t

h St

Gold

en E

ars

Brid

ge

208t

h St

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h St

To

pham

Rd

200t

h St

72nd Ave 72nd Ave

208t

h St

216t

h St

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h St

53rd Ave

203r

d St

Grade Cr

200t

h St

208t

h St

216t

h St

32nd Ave

240t

h St

24th Ave 24th Ave

224t

h St

232n

d St

16th Ave

176t

h St

0 Ave Boundary Rd

176t

h St

172n

d St

Campbell River Rd

16th Ave

168t

h St

8th Ave

Buena Vista Ave

152n

d St 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h St

188t

h St

192n

d St

20th Ave

Colebrook Rd

Paci

�c H

ighw

ay

40th Ave 40th Ave

160t

h St

160t

h St

60th Ave

64th Ave

168t

h St

184t

h St

192n

d St

80th Ave

88th Ave

Harvie

Rd

160t

h St

92nd Ave

96th Ave

104th Ave

156t

h St

108th Ave


Woo

lridg

e Rd

Victoria Dr

Burn

s Rd

Prairie Ave

Ceda

r Dr

Coas

t Mer

idia

n Rd

Kingsway Ave

Broa

dway

St

Shau

ghne

ssy S

t

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne Dr

Pine

tree

Wy

Mary Hill Bypass

Pitt

Rive

r Rd

Dewdney Trunk Rd

Harr

is R

d

Richardson Rd

McNeil Rd

East Rd

Sunn

ysid

e Rd

Ioco Rd

April

Rd


Clarke

Rd

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gate

nsbu

ry R

d

Austin Ave


128t

h St

20th Ave124t

h St

Bayv

iew

St

24th Ave

28th Ave

140t

h St

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Stat

ion

Rd

58th Ave 148t

h St

148t

h St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Scot

t Rd

120t

h St

80th Ave

Kitson Pkwy

72nd Ave 140t

h St

144t

h St

152n

d St

84th Ave

128t

h St

112t

h St

84th Ave

Norde

l Wy

140t

h St

AnnacisHighway

88th Ave

92nd Ave

96th Ave

132n

d St

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

venor

Rd

116th Ave

Hartley Ave

Mt S

eymou

r Rd

Deep

Cov

e Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Gera

ld A

ve

Sper

ling

St

Nort

h Rd

Canada Wy6th St

10th Ave

8th Ave

6th Ave

Queens

Ave

Deer Lake Pkwy

Gille

y Av

e

Roya

l Oak

Ave

Imperial St

Rumble St

Nels

on A

ve

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Boun

dary

Rd

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Boundary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave

52nd

St

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Arth

ur D

r

34B Ave

Cause

way

Rive

r Rd W

62B

St

No. 6

Rd

No. 7

Rd

No. 8

Rd

Nels

on R

d

No. 9

Rd

Vulc

an W

y

Bridgeport Rd

Knight St Bridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gard

en C

ity R

d

No. 4

Rd

Shel

l Rd

Railw

ay A

ve

Westham Island Rd

Robe

rtso

n Rd

Dyke Rd

Gilb

ert R

d

No. 2

Rd

No. 1

Rd

Moncton St

Russ Baker W

y

Grant McConachie Wy


Twigg Pl


pert

St

Hold

om S

t

Berk

ley

Rd

McGill St

Dundas St

Renf

rew

St

1st Ave

Venables St

Nana

imo

St

E 41st Ave


49th Ave E

Kerr

St

Ellio

t S

t

Vict

oria

Dr

Clar

k Dr

Knig

ht S

t

Fras

er S

t

Mai

n St

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denman

St

Davie St

Paci�c St

W 33rd Ave

Cam

bie

St

Oak

St

Arbu

tus

StW

Bou

leva

rd

W 49th Ave

Blen

heim

St

Dunb

ar S

t

Crow

n St

W 10th Ave

Wesbrook Mall

W 4th Ave

NW Marine Dr


Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens D

r

Queens AveSouth

boro

ugh

Dr

Capi

lan

o Rd

Edgemont Blvd

Welch St

Larso

n Rd

Delb

rook

E 29th St

E Gr

and

Blvd

Broo

ksba

nkAv

e

Mountain Hw


E Riv

ersid

e Dr

W Esplanade

Lons

dale

Ave

Ches

ter�

eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n Hw

y

Lynn V

alley R

d

Lillo

oet R

d

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd


Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk Road

Blue

Mou

ntai

n St

Stav

e La

ke St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd


Lougheed Highway


Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lions

Gat

e Br

idge


Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hope

dale

Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd



1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd


Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South



John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd


Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbia

St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Stre

et

W Broadway

King

Geo

rge

High

way

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way


ay

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Harr

ison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay


Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave




A. SOLO District Office A 12 230,000 Appia Group Q1 2016 U/C


(200,000)

(100,000)

-

100,000

200,000

300,000

400,000

500,000

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2



Size (SF)

4. Office Employee’s Building Ltd.Unit 301, 4501 Kingsway $15,202,425 29,791

5. Canaan Enterprises Ltd. - 5481-5489 Kingsway $3,890,000 11,508

a

1 23

54

*There are 40 office buildings surveyed in the New Westminster region **Average Asking Net Rent is calculated using a weighted average


New Westminsterthe new Westminster market remains subdued with slow touring activity matched by little tenant movement. tenants continue to be primarily professional, medical, and non-profit organizations servicing the community.

Trends > Family Services of Greater Vancouver renewed its lease at 321 6th Street to facilitate its New Westminster programs.

> Demand for Class A space remains limited as tenants have difficulty making the jump from Class B buildings to the higher priced Class A space.


Size (SF)

1. Family Services of Greater Vancouver - 321 6th Street Headlease 2,856



Net Absorption 1,887 (10,279)




CapilanoLake

Indian

Arm

BuntzenLake

Pitt Lake

Hatzic Lake

Stave Lake

English Bay

Burrard Inlet

Strait Of Georgia

Mud Bay

Fraser River

CultusLake

Harrison Lake

Harrison Bay

Fraser

River

Fraser River

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AIRPORT

BC FERRIESTERMINAL

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BOUNDARY BAYAIRPORT

LANGLEYAIRPORT

PITT MEADOWSAIRPORT


AIRPORT

Albion Ferry

Burquitlam


LincolnWCE

Coquitam

Burquitlam


LincolnWCE

Coquitam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford


Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Peard

onvil

le Rd

King Rd

Ross

Rd

296t

h St

328t

h St

320t

h St

304t

h St

Mt.

Lehm

an R

d Clea

rbro

ok R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bell

Rd

56th Ave

Clayburn Rd

Rive

rsid

e Rd

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Glad

win

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ceda

r St

Farm

s Rd

Spra

tt Rd

Stav

e La

ke R

d

Hurd

St

Wre

n St

Clay

St

Dewdney Trunk Rd

Keystone Ave

Tyler

Wils

on S

t

Hayw

ard

St

Duke R

d280t

h St

80th Ave

McTavish Rd

Satc

hell

St

Harris Rd

Townshipline Rd

Downes Rd

Brad

ner R

d28

8th

St

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d St

8th Ave

256t

h St

248t

h St

272n

d St

56th Ave

272n

d St

280t

h St

112th Ave

100th Ave

112th Ave

256t

h St

256t

h St

264t

h St

248t

h St

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240t

h St

128th Ave128th Ave

232n

d St

227t

h St

224t

h St

Glov

er R

d

Wilson Cr

80th Ave

240t

h St

Brow

n Rd

72nd Ave

Telegraph Tr

Fern

Cr

132nd Ave

144 th St

Neav

es R

d

Laity

St

216t

h St

River Rd

203r

d St

207t

h St

Gold

en E

ars

Brid

ge

208t

h St

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h St

To

pham

Rd

200t

h St

72nd Ave 72nd Ave

208t

h St

216t

h St

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h St

53rd Ave

203r

d St

Grade Cr

200t

h St

208t

h St

216t

h St

32nd Ave

240t

h St

24th Ave 24th Ave

224t

h St

232n

d St

16th Ave

176t

h St

0 Ave Boundary Rd17

6th

St

172n

d St

Campbell River Rd

16th Ave

168t

h St

8th Ave

Buena Vista Ave

152n

d St 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h St

188t

h St

192n

d St

20th Ave

Colebrook Rd

Paci

�c H

ighw

ay

40th Ave 40th Ave

160t

h St

160t

h St

60th Ave

64th Ave

168t

h St

184t

h St

192n

d St

80th Ave

88th Ave

Harvie

Rd

160t

h St

92nd Ave

96th Ave

104th Ave

156t

h St

108th Ave


Woo

lridg

e Rd

Victoria Dr

Burn

s Rd

Prairie Ave

Ceda

r Dr

Coas

t Mer

idia

n Rd

Kingsway Ave

Broa

dway

St

Shau

ghne

ssy S

t

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne Dr

Pine

tree

Wy

Mary Hill Bypass

Pitt

Rive

r Rd

Dewdney Trunk Rd

Harr

is R

d

Richardson Rd

McNeil Rd

East Rd

Sunn

ysid

e Rd

Ioco Rd

April

Rd


Clarke

Rd

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gate

nsbu

ry R

d

Austin Ave


128t

h St

20th Ave124t

h St

Bayv

iew

St

24th Ave

28th Ave

140t

h St

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Stat

ion

Rd

58th Ave 148t

h St

148t

h St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Scot

t Rd

120t

h St

80th Ave

Kitson Pkwy

72nd Ave 140t

h St

144t

h St

152n

d St

84th Ave

128t

h St

112t

h St

84th Ave

Norde

l Wy

140t

h St

AnnacisHighway

88th Ave

92nd Ave

96th Ave

132n

d St

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

venor

Rd

116th Ave

Hartley Ave

Mt S

eymou

r Rd

Deep

Cov

e Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Gera

ld A

ve

Sper

ling

St

Nort

h Rd

Canada Wy6th St

10th Ave

8th Ave

6th Ave

Queens

Ave

Deer Lake Pkwy

Gille

y Av

e

Roya

l Oak

Ave

Imperial St

Rumble St

Nels

on A

ve

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Boun

dary

Rd

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Boundary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave

52nd

St

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Arth

ur D

r

34B Ave

Cause

way

Rive

r Rd W

62B

St

No. 6

Rd

No. 7

Rd

No. 8

Rd

Nels

on R

d

No. 9

Rd

Vulc

an W

y

Bridgeport Rd

Knight St Bridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gard

en C

ity R

d

No. 4

Rd

Shel

l Rd

Railw

ay A

ve

Westham Island Rd

Robe

rtso

n Rd

Dyke Rd

Gilb

ert R

d

No. 2

Rd

No. 1

Rd

Moncton St

Russ Baker W

y

Grant McConachie Wy


Twigg Pl


pert

St

Hold

om S

t

Berk

ley

Rd

McGill St

Dundas St

Renf

rew

St

1st Ave

Venables St

Nana

imo

St

E 41st Ave


49th Ave E

Kerr

St

Ellio

t S

t

Vict

oria

Dr

Clar

k Dr

Knig

ht S

t

Fras

er S

t

Mai

n St

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denman

St

Davie St

Paci�c St

W 33rd Ave

Cam

bie

St

Oak

St

Arbu

tus

StW

Bou

leva

rd

W 49th Ave

Blen

heim

St

Dunb

ar S

t

Crow

n St

W 10th Ave

Wesbrook Mall

W 4th Ave

NW Marine Dr


Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens D

r

Queens AveSouth

boro

ugh

Dr

Capi

lan

o Rd

Edgemont Blvd

Welch St

Larso

n Rd

Delb

rook

E 29th St

E Gr

and

Blvd

Broo

ksba

nkAv

e

Mountain Hw


E Riv

ersid

e Dr

W Esplanade

Lons

dale

Ave

Ches

ter�

eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n Hw

y

Lynn V

alley R

d

Lillo

oet R

d

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd


Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk RoadBl

ue M

ount

ain

St

Stav

e La

ke St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd


Lougheed Highway


Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lions

Gat

e Br

idge


Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hope

dale

Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd



1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd


Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South



John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd


Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbia

St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Stre

etW Broadway

King

Geo

rge

High

way

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way


ay

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Harr

ison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay


Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave


Upcoming New Supply


(100,000)

(50,000)

-

50,000

100,000

150,000

200,000

250,000

300,000

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2


Notable Sale Transactions

There are no approved new office developments for the New Westminster submarket.

There were no significant sale transactions this quarter in the New Westminster submarket.

1

*There are 78 office buildings surveyed in the Richmond region **Average Asking Net Rent is calculated using a weighted average


Richmondthe richmond market experienced a moderate uptick in touring activity as existing tenants look to relocate and expand. While transit-serviced buildings, including those offering shuttle services, have been successful in attracting tenants, interest remains stagnant for off-transit locations.

Trends > While some tenants are looking to expand, other tenants are seeing the potential for increasing the efficiency of their space through reconfiguring, relocating, and in some cases downsizing.

> Technology and digital media companies are actively touring the Richmond market, accounting for 87 percent of tenant demand.


Size (SF)

1. AMRE Supply - 7671 Alderbridge Way Headlease 29,229

2. Procurify - 10851 Shellbridge Way Sublease 8,993



Net Absorption 82,023 48,024




CapilanoLake

Indi

an A

rm

BuntzenLake

Pitt Lake

Hatzic Lake

Stave Lake

English Bay

Burrard Inlet

Strait O

f Georgia

Mud Bay

Fraser River

CultusLake

Harrison Lake

Harrison Bay

Fraser

River

Fraser River

C.P

.R.

C.N.R.

C.P.R.

C.N.R.

VIA RAIL

SOUTHERN

RAILWAY

C.N

.R.

B.C. RAIL

C.N.R.

C.P.R.

C.P.R

.

C.N

.R.

C.N.R.

C.N.R.

SOUTHERN RAILWAY

B.N.R.

B.N.R.

SOUTHERN RAILWAY

BC RAIL

C.N

.R.

1

1

1

99

CANADAU.S.A.

CANADAU.S.A.


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1

1

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AIRPORT

BC FERRIESTERMINAL

TSAWWASSEN

BOUNDARY BAYAIRPORT

LANGLEYAIRPORT

PITT MEADOWSAIRPORT


AIRPORT

Albion Ferry

Burquitlam


LincolnWCE

Coquitam

Burquitlam


LincolnWCE

Coquitam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford


Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Pear

donv

ille R

d

King Rd

Ros

s R

d29

6th

St

328t

h S

t

320

th S

t

304t

h S

tM

t. Le

hman

Rd C

lear

broo

k R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bel

l Rd

56th Ave

Clayburn Rd

Riv

ersi

de R

d

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Gla

dwin

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ced

ar S

t

Farm

s R

d

Spr

att R

d

Sta

ve L

ake

Rd

Hur

d S

t

Wre

n S

tC

lay

St

Dewdney Trunk Rd

Keystone Ave

Tyle

r

Wils

on S

t

Hay

war

d St

Duke

Rd

280

th S

t

80th Ave

McTavish Rd

Sat

chel

l St

Harris Rd

Townshipline Rd

Downes Rd

Bra

dner

Rd

288t

h S

t

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d S

t

8th Ave

256t

h S

t

248t

h S

t

272n

d S

t

56th Ave

272n

d S

t

280

th S

t

112th Ave

100th Ave

112th Ave

256t

h S

t25

6th

St

264t

h S

t

248t

h S

t

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240

th S

t

128th Ave128th Ave

232n

d S

t

227t

h S

t

224t

h S

t

Glov

er R

d

Wilson Cr

80th Ave

240

th S

tB

row

n R

d

72nd Ave

Tele

graph Tr

Fern

Cr

132nd Ave

144 th St

Nea

ves

Rd

Laity

St

216t

h S

t

River Rd

203r

d S

t

207t

h S

t

Gol

den

Ear

s B

ridg

e

208t

h S

t

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h S

t

T

opha

m R

d

200

th S

t

72nd Ave 72nd Ave

208t

h S

t

216t

h S

t

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h S

t

53rd Ave

203r

d S

t

Grade Cr

200

th S

t

208t

h S

t

216t

h S

t

32nd Ave

240

th S

t

24th Ave 24th Ave

224t

h S

t

232n

d S

t

16th Ave

176t

h S

t

0 Ave Boundary Rd

176t

h S

t

172n

d S

t

Campbell River Rd

16th Ave

168t

h S

t

8th Ave

Buena Vista Ave

152n

d S

t 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h S

t

188t

h S

t

192n

d S

t

20th Ave

Colebrook Rd

Pac

i�c

Hig

hway

40th Ave 40th Ave

160

th S

t16

0th

St

60th Ave

64th Ave

168t

h S

t

184t

h S

t

192n

d S

t

80th Ave

88th Ave

Harvie

Rd

160

th S

t

92nd Ave

96th Ave

104th Ave

156t

h S

t

108th Ave


Woo

lrid

ge R

d

Victoria Dr

Bur

ns R

d

Prairie Ave

Ced

ar D

r

Coa

st M

erid

ian

Rd

Kingsway Ave

Bro

adw

ay S

t

Shau

ghne

ssy

St

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne D

r

Pin

etre

e W

y

Mary Hill Bypass

Pitt

Riv

er R

d

Dewdney Trunk Rd

Har

ris

Rd

Richardson Rd

McNeil Rd

East Rd

Sun

nysi

de R

d

Ioco Rd

Apr

il Rd


Clar

ke R

d

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gat

ensb

ury

Rd

Austin Ave


128t

h S

t

20th Ave124t

h S

tBa

yview

St

24th Ave

28th Ave

140

th S

t

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Sta

tion

Rd

58th Ave 148t

h S

t14

8th

St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Sco

tt R

d12

0th

St

80th Ave

Kitson Pkwy

72nd Ave 140

th S

t

144t

h S

t

152n

d S

t

84th Ave

128t

h S

t

112t

h S

t

84th Ave

No

rdel

Wy

140

th S

t

Annacis

Highw

ay

88th Ave

92nd Ave

96th Ave

132n

d S

t

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

veno

r Rd

116th Ave

Hartley Ave

Mt S

eym

our R

d

Dee

p C

ove

Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Ger

ald

Ave

Spe

rlin

g S

t

Nor

th R

d

Canada Wy

6th St

10th Ave

8th Ave

6th Ave

Queen

s Ave

Deer Lake Pkwy

Gill

ey A

ve

Roy

al O

ak A

ve

Imperial St

Rumble St

Nel

son

Ave

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Bou

ndar

y R

d

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Bo

undary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave52

nd S

t

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Art

hur

Dr

34B Ave

Caus

eway

Rive

r Rd

W

62B

St

No.

6 R

d

No.

7 R

d

No.

8 R

d

Nel

son

Rd

No.

9 R

d

Vul

can

Wy

Bridgeport Rd

Knight St B

ridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gar

den

City

Rd

No.

4 R

d

She

ll R

d

Rai

lway

Ave

Westham Island Rd

Rob

erts

on R

d

Dyke Rd

Gilb

ert R

d

No.

2 R

d

No.

1 R

d

Moncton St

Russ Baker W

y

Grant McConachie Wy


Twigg Pl

Sprott StWinston StR

uper

t St

Hol

dom

St

Ber

kley

Rd

McGill St

Dundas St

Ren

frew

St

1st Ave

Venables St

Nan

aim

o S

t

E 41st Ave


49th Ave E

Kerr

St

Ellio

t S

t

Vic

tori

a D

r

Cla

rk D

rKn

ight

St

Fras

er S

t

Mai

n S

t

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denm

an S

t

Davie St

Paci�c St

W 33rd Ave

Cam

bie

St

Oak

St

Arb

utus

St

W B

oule

vard

W 49th Ave

Ble

nhei

m S

t

Dun

bar

St

Cro

wn

St

W 10th Ave

Wesbrook M

all

W 4th Ave

NW Marine Dr


Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens

Dr

Queens AveSout

hbor

ough

Dr

Capi

lan

o R

d

Edgemont Blvd

Welch St

Larso

n Rd

Del

broo

k

E 29th St

E G

rand

Blv

d

Bro

oksb

ank

Ave

Mountain H

wyE Esplanade Main St W

Riverside D

r

E Ri

vers

ide D

r

W Esplanade

Lons

dale

Ave

Che

ster

�eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n H

wy

Lynn V

alley R

d

Lillo

oet

Rd

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd


Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk Road

Blue

Mou

ntai

n S

t

Sta

ve L

a k

e St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd


Lougheed Highway


Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann B

ridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lion

s Ga

te B

ridge


Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rair

ie R

d

Bou

ndar

y R

d

Inte

rpro

vinc

ial H

wy

Col

e R

d

McD

erm

ott R

d

Mar

ion

Rd

Dix

on R

dPo

wer

hous

e R

d

Cha

dsey

Rd

Sinclair Rd

Hop

edal

e R

d

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd



1st Ave

Castleman Rd

Ann

is R

dC

hapm

an R

d

McG

rath

Rd

Ford

Rd

Gib

son

Rd

Pre

st R

d

Youn

g R

d

Ban

ford

Rd

Campbe

ll River Rd


Gill

ande

rs R

d

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eag

le R

d

River Rd South



John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas M

tn Rd


Limbert Rd

McCallum Rd

Cam

eron

Rd

Bri

dge

Rd

Arthur L

aing

B

ridge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbi

a St

Brunette Ave

Newton Rd

192n

d S

t

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Frase

r Wy

North

Com

mer

cial

Dr

Ear

les

St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gra

nvill

e S

tree

t

W Broadway

King

Geo

rge

Hig

hway

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h S

tP

aci�

c H

ighw

ay

Lougheed Highway

South Fraser Way

Mission-abbotsford H

ighway

264t

h S

tA

lder

grov

e -

Bel

lingh

am H

ighw

ay

Trans

Canada

Hwy

North P

arallel

South

Paralle

l

Sumas Way

Trans Canada Hwy

Har

riso

n H

ot S

prin

gs R

d

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay


Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No.

5 R

d

Steveston Hwy

No.

3 R

d

Canada Wy

Gilm

ore

Ave


Upcoming New Supply


(100,000)

(80,000)

(60,000)

(40,000)

(20,000)

-

20,000

40,000

60,000

80,000

100,000

12.0%

14.0%

16.0%

18.0%

20.0%

22.0%

24.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2



Size (SF)

6. Lysander Holdings Ltd. -3600 Lysander Lane $33,000,000 150,000

7. Private Investor - 6211 Fraswerwood Place $3,750,000 14,847

There are no approved new office developments for the Richmond submarket.

1

24

5

*There are 69 office buildings surveyed in the Surrey region **Average Asking Net Rent is calculated using a weighted average 1Surrey Vacancy rate excluding 14178 104th Avenue was 15.4% in 2015 Q1 and 12.6% in 2015 Q2. 14178 104th Avenue remains fully vacant for the past 14 years and consists of 259,474 SF of space.


SurreySurrey experienced a small increase in touring activity as larger tenants, as well as tenants from other submarkets, explored the market. Vacancy rates are expected to remain stable until new office developments are completed.

Trends > TransLink will regain occupancy of two of their three floors that were available for sublease at Station Tower this September to accommodate workforce growth.

> Development activity remains strong with Avondale Development Corporations’ TPC at Southpoint scheduled to add 87,500 square feet of office space to the market in early 2017.


Size (SF)

1. RCMP - 14245 56th Avenue Headlease 75,000

2. MNP LLP - 15303 31 Avenue Headlease 35,000




Vacancy Rate1 21.1% 18.5%



CapilanoLake

Indian

Arm

BuntzenLake

Pitt Lake

Hatzic Lake

Stave Lake

English Bay

Burrard Inlet

Strait Of Georgia

Mud Bay

Fraser River

CultusLake

Harrison Lake

Harrison Bay

Fraser

River

Fraser River

C.P

.R.

C.N.R.

C.P.R.

C.N.R.

VIA RAIL

SOUTHERN

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C.N

.R.

B.C. RAIL

C.N.R.

C.P.R.

C.P.R

.

C.N

.R.

C.N.R.

C.N.R.

SOUTHERN RAILWAY

B.N.R.

B.N.R.

SOUTHERN RAILWAY

BC RAIL

C.N

.R.

1

1

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LANGLEYAIRPORT

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AIRPORT

Albion Ferry

Burquitlam


LincolnWCE

Coquitam

Burquitlam


LincolnWCE

Coquitam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford


Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Peard

onvil

le Rd

King Rd

Ross

Rd

296t

h St

328t

h St

320t

h St

304t

h St

Mt.

Lehm

an R

d Clea

rbro

ok R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bell

Rd

56th Ave

Clayburn Rd

Rive

rsid

e Rd

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Glad

win

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ceda

r St

Farm

s Rd

Spra

tt Rd

Stav

e La

ke R

d

Hurd

St

Wre

n St

Clay

St

Dewdney Trunk Rd

Keystone Ave

Tyler

Wils

on S

t

Hayw

ard

St

Duke R

d280t

h St

80th Ave

McTavish Rd

Satc

hell

St

Harris Rd

Townshipline Rd

Downes Rd

Brad

ner R

d28

8th

St

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d St

8th Ave

256t

h St

248t

h St

272n

d St

56th Ave

272n

d St

280t

h St

112th Ave

100th Ave

112th Ave

256t

h St

256t

h St

264t

h St

248t

h St

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240t

h St

128th Ave128th Ave

232n

d St

227t

h St

224t

h St

Glov

er R

d

Wilson Cr

80th Ave

240t

h St

Brow

n Rd

72nd Ave

Telegraph Tr

Fern

Cr

132nd Ave

144 th St

Neav

es R

d

Laity

St

216t

h St

River Rd

203r

d St

207t

h St

Gold

en E

ars

Brid

ge

208t

h St

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h St

To

pham

Rd

200t

h St

72nd Ave 72nd Ave

208t

h St

216t

h St

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h St

53rd Ave

203r

d St

Grade Cr

200t

h St

208t

h St

216t

h St

32nd Ave

240t

h St

24th Ave 24th Ave

224t

h St

232n

d St

16th Ave

176t

h St

0 Ave Boundary Rd

176t

h St

172n

d St

Campbell River Rd

16th Ave

168t

h St

8th Ave

Buena Vista Ave

152n

d St 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h St

188t

h St

192n

d St

20th Ave

Colebrook Rd

Paci

�c H

ighw

ay

40th Ave 40th Ave

160t

h St

160t

h St

60th Ave

64th Ave

168t

h St

184t

h St

192n

d St

80th Ave

88th Ave

Harvie

Rd

160t

h St

92nd Ave

96th Ave

104th Ave

156t

h St

108th Ave


Woo

lridg

e Rd

Victoria Dr

Burn

s Rd

Prairie Ave

Ceda

r Dr

Coas

t Mer

idia

n Rd

Kingsway Ave

Broa

dway

St

Shau

ghne

ssy S

t

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne Dr

Pine

tree

Wy

Mary Hill Bypass

Pitt

Rive

r Rd

Dewdney Trunk Rd

Harr

is R

d

Richardson Rd

McNeil Rd

East Rd

Sunn

ysid

e Rd

Ioco Rd

April

Rd


Clarke

Rd

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gate

nsbu

ry R

d

Austin Ave


128t

h St

20th Ave124t

h St

Bayv

iew

St

24th Ave

28th Ave

140t

h St

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Stat

ion

Rd

58th Ave 148t

h St

148t

h St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Scot

t Rd

120t

h St

80th Ave

Kitson Pkwy

72nd Ave 140t

h St

144t

h St

152n

d St

84th Ave

128t

h St

112t

h St

84th Ave

Norde

l Wy

140t

h St

AnnacisHighway

88th Ave

92nd Ave

96th Ave

132n

d St

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

venor

Rd

116th Ave

Hartley Ave

Mt S

eymou

r Rd

Deep

Cov

e Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Gera

ld A

ve

Sper

ling

St

Nort

h Rd

Canada Wy6th St

10th Ave

8th Ave

6th Ave

Queens

Ave

Deer Lake Pkwy

Gille

y Av

e

Roya

l Oak

Ave

Imperial St

Rumble St

Nels

on A

ve

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Boun

dary

Rd

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Boundary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave

52nd

St

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Arth

ur D

r

34B Ave

Cause

way

Rive

r Rd W

62B

St

No. 6

Rd

No. 7

Rd

No. 8

Rd

Nels

on R

d

No. 9

Rd

Vulc

an W

y

Bridgeport Rd

Knight St Bridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gard

en C

ity R

d

No. 4

Rd

Shel

l Rd

Railw

ay A

ve

Westham Island Rd

Robe

rtso

n Rd

Dyke Rd

Gilb

ert R

d

No. 2

Rd

No. 1

Rd

Moncton St

Russ Baker W

y

Grant McConachie Wy


Twigg Pl


pert

St

Hold

om S

t

Berk

ley

Rd

McGill St

Dundas St

Renf

rew

St

1st Ave

Venables St

Nana

imo

St

E 41st Ave


49th Ave E

Kerr

St

Ellio

t S

t

Vict

oria

Dr

Clar

k Dr

Knig

ht S

t

Fras

er S

t

Mai

n St

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denman

St

Davie St

Paci�c St

W 33rd Ave

Cam

bie

St

Oak

St

Arbu

tus

StW

Bou

leva

rd

W 49th Ave

Blen

heim

St

Dunb

ar S

t

Crow

n St

W 10th Ave

Wesbrook Mall

W 4th Ave

NW Marine Dr


Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens D

r

Queens AveSouth

boro

ugh

Dr

Capi

lan

o Rd

Edgemont Blvd

Welch St

Larso

n Rd

Delb

rook

E 29th St

E Gr

and

Blvd

Broo

ksba

nkAv

e

Mountain Hw


E Riv

ersid

e Dr

W Esplanade

Lons

dale

Ave

Ches

ter�

eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n Hw

y

Lynn V

alley R

d

Lillo

oet R

d

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd


Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk Road

Blue

Mou

ntai

n St

Stav

e La

ke St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd


Lougheed Highway


Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lions

Gat

e Br

idge


Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hope

dale

Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd



1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd


Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South



John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd


Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbia

St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Stre

et

W Broadway

King

Geo

rge

High

way

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way


ay

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Harr

ison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay


Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave




A. King George Station (Phase A) A 9 160,000 PCI Q4 2015 U/C

B. TPC at South Point A 4 87,500 Avondale Development Q1 2017 U/C

C. Gateway Place - 13479 108th Avenue A 4 60,000 Bosa Properties Q2 2016 U/C

D. 3 Civic Plaza A 5 50,000 Century Group Q4 2016 U/C


(100,000)

(50,000)

-

50,000

100,000

150,000

200,000

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

2013

Q1

2013

Q2

2013

Q3

2013

Q4

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2



Size (SF)

3. Private Investor - 10428 153rd Street $9,860,000 27,098

dc

a

c

1

2

3

*There are 22 office buildings surveyed in the Langley region **Average Asking Net Rent is calculated using a weighted average


Langleythe langley market remained steady this quarter with moderate touring activity by existing tenants. With langley’s position as a gateway to the Fraser Valley, vacancy is expected to gradually decrease with no new office developments under construction.

Trends > Tenants are content to stay in Langley, as exemplified by several tenants in the market either renewing or looking for new space within the submarket.

> RDG Corporate Centre continues to see renewed interest as purchasers seek high-end strata office.


Size (SF)

1. First West Credit Union - 20033 64 Avenue Headlease 4,800

2. Township of Langley - 20338 65 Avenue Headlease 4,600







CapilanoLake

Indian

Arm

BuntzenLake

Pitt Lake

Hatzic Lake

Stave Lake

English Bay

Burrard Inlet

Strait Of Georgia

Mud Bay

Fraser River

CultusLake

Harrison Lake

Harrison Bay

Fraser

River

Fraser River

C.P

.R.

C.N.R.

C.P.R.

C.N.R.

VIA RAIL

SOUTHERN

RAILWAY

C.N

.R.

B.C. RAIL

C.N.R.

C.P.R.

C.P.R

.

C.N

.R.

C.N.R.

C.N.R.

SOUTHERN RAILWAY

B.N.R.

B.N.R.

SOUTHERN RAILWAY

BC RAIL

C.N

.R.

1

1

1

99

CANADAU.S.A.

CANADAU.S.A.


1

1

1

CANADAU.S.A.

Sout

h Fr

aser

Per

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er R

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17A

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AIRPORT

BC FERRIESTERMINAL

TSAWWASSEN

BOUNDARY BAYAIRPORT

LANGLEYAIRPORT

PITT MEADOWSAIRPORT


AIRPORT

Albion Ferry

Burquitlam


LincolnWCE

Coquitam

Burquitlam


LincolnWCE

Coquitam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

Port Moody

PittMeadows

MapleMeadows

PortHaney

MissionCity

CoquitlamCentral

PortCoquitlam

KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


KingEdward

Broadway/City Hall

Olympic Village

Yaletown/Roundhouse

Oakridge/41st Ave

Langara/49th Ave

Marine Dr

Bridgeport

Aberdeen

Lansdowne

Brighouse

TempletonSea Island

CentreYVR

Airport


Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Commercial

RupertRenfrew


Holdom



Braid

Sapperton

LougheedTown Centre

VCC/Clark

Burrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

WaterfrontBurrard

Stadium/Chinatown

Main St

Broadway

Nanaimo

29th Ave

Joyce

Patterson

Metrotown

RoyalOak

Edmonds


ColumbiaScott Rd

Gateway

SurreyCentral

King George

Granville

Waterfront

Delta

Surrey

Port Moody

Burnaby

WestVancouver

NorthVancouver

Richmond

White Rock

Vancouver

LangleyLangley

Port Coquitlam

Coquitlam

PittMeadows

MapleRidge

Mission

Abbotsford


Hammond Rd

Fraser Wy

Boundary Rd

Vye Rd

Wha

tcom

Rd

McC

allu

m R

d

Marshall Rd

Huntington Rd

Peard

onvil

le Rd

King Rd

Ross

Rd

296t

h St

328t

h St

320t

h St

304t

h St

Mt.

Lehm

an R

d Clea

rbro

ok R

d

McM

illan

RdOld Yale

Clayburn Rd

Old

Bell

Rd

56th Ave

Clayburn Rd

Rive

rsid

e Rd

Fore Rd 60th Ave

44 Ave

16th Ave

8th Ave

20th Ave

Page Rd

Glad

win

Rd

48th Ave48th Ave

40th Ave

Ferndale Ave

Richards Ave

Dale Rd

Farms Rd

Hartley Rd

Dewdney Trunk Rd

1st Ave

7th Ave

14th Ave

22nd Ave

Ceda

r St

Farm

s Rd

Spra

tt Rd

Stav

e La

ke R

d

Hurd

St

Wre

n St

Clay

St

Dewdney Trunk Rd

Keystone Ave

Tyler

Wils

on S

t

Hayw

ard

St

Duke R

d280t

h St

80th Ave

McTavish Rd

Satc

hell

St

Harris Rd

Townshipline Rd

Downes Rd

Brad

ner R

d28

8th

St

Lefe

uvre

Rd

8th Ave

0 Ave Boundary Rd

272n

d St

8th Ave

256t

h St

248t

h St

272n

d St

56th Ave

272n

d St

280t

h St

112th Ave

100th Ave

112th Ave

256t

h St

256t

h St

264t

h St

248t

h St

112th Ave

124th Ave

Dewdney Trunk Rd

102nd Ave

240t

h St

128th Ave128th Ave

232n

d St

227t

h St

224t

h St

Glov

er R

d

Wilson Cr

80th Ave

240t

h St

Brow

n Rd

72nd Ave

Telegraph Tr

Fern

Cr

132nd Ave

144 th St

Neav

es R

d

Laity

St

216t

h St

River Rd

203r

d St

207t

h St

Gold

en E

ars

Brid

ge

208t

h St

100th Ave

96th Ave

88th Ave

Telegraph Tr

216t

h St

To

pham

Rd

200t

h St

72nd Ave 72nd Ave

208t

h St

216t

h St

Glover

Rd

Logan Ave

HWY 10BYPASS

48th Ave

Old Yale Rd

40th Ave

Douglas Cr

208t

h St

53rd Ave

203r

d St

Grade Cr

200t

h St

208t

h St

216t

h St

32nd Ave

240t

h St

24th Ave 24th Ave

224t

h St

232n

d St

16th Ave

176t

h St

0 Ave Boundary Rd

176t

h St

172n

d St

Campbell River Rd

16th Ave

168t

h St

8th Ave

Buena Vista Ave

152n

d St 24th Ave

20th Ave

28th Ave

32nd Ave

184t

h St

188t

h St

192n

d St

20th Ave

Colebrook Rd

Paci

�c H

ighw

ay

40th Ave 40th Ave

160t

h St

160t

h St

60th Ave

64th Ave

168t

h St

184t

h St

192n

d St

80th Ave

88th Ave

Harvie

Rd

160t

h St

92nd Ave

96th Ave

104th Ave

156t

h St

108th Ave


Woo

lridg

e Rd

Victoria Dr

Burn

s Rd

Prairie Ave

Ceda

r Dr

Coas

t Mer

idia

n Rd

Kingsway Ave

Broa

dway

St

Shau

ghne

ssy S

t

Woo

dlan

d Pi

pelin

e Rd

Panorama Dr

John

son

St

Landsdowne Dr

Pine

tree

Wy

Mary Hill Bypass

Pitt

Rive

r Rd

Dewdney Trunk Rd

Harr

is R

d

Richardson Rd

McNeil Rd

East Rd

Sunn

ysid

e Rd

Ioco Rd

April

Rd


Clarke

Rd

Como Lake Ave

Mar

iner

Wy

Lint

on S

t

Gate

nsbu

ry R

d

Austin Ave


128t

h St

20th Ave124t

h St

Bayv

iew

St

24th Ave

28th Ave

140t

h St

Cres ce

nt R

d 32nd Ave

40th Ave

Colebrook Rd

56th Ave

Stat

ion

Rd

58th Ave 148t

h St

148t

h St

64th Ave 68th Ave

72nd Ave

76th Ave76th Ave

Scot

t Rd

120t

h St

80th Ave

Kitson Pkwy

72nd Ave 140t

h St

144t

h St

152n

d St

84th Ave

128t

h St

112t

h St

84th Ave

Norde

l Wy

140t

h St

AnnacisHighway

88th Ave

92nd Ave

96th Ave

132n

d St

100th Ave

Scott

Rd

100th Ave

104th Ave

108th AveGros

venor

Rd

116th Ave

Hartley Ave

Mt S

eymou

r Rd

Deep

Cov

e Rd

Mt Seymour Pkwy

Eton St

Parker St Curtis St

Gaglardi Wy

Gera

ld A

ve

Sper

ling

St

Nort

h Rd

Canada Wy6th St

10th Ave

8th Ave

6th Ave

Queens

Ave

Deer Lake Pkwy

Gille

y Av

e

Roya

l Oak

Ave

Imperial St

Rumble St

Nels

on A

ve

Marine Dr

Marine Wy

Byrne R

d

Tyne

St

Boun

dary

Rd

Grange St

RdRiver

Derwent Wy

River Rd VantageWy

Progress Wy 80th

St

Hopcott Rd

72nd

St

60th Ave

36th Ave

64th

St

16th Ave

Boundary Bay R

dPoin

t Rob

erts

Rd

1st Ave

6th Ave

12th Ave

52nd

St

56th

St

28th Ave27B Ave

Deltaport Wy

53rd

St

Arth

ur D

r

34B Ave

Cause

way

Rive

r Rd W

62B

St

No. 6

Rd

No. 7

Rd

No. 8

Rd

Nels

on R

d

No. 9

Rd

Vulc

an W

y

Bridgeport Rd

Knight St Bridge

Granville Ave

River Rd

Blundell Rd

Francis Rd

Williams Rd

Gard

en C

ity R

d

No. 4

Rd

Shel

l Rd

Railw

ay A

ve

Westham Island Rd

Robe

rtso

n Rd

Dyke Rd

Gilb

ert R

d

No. 2

Rd

No. 1

Rd

Moncton St

Russ Baker W

y

Grant McConachie Wy


Twigg Pl


pert

St

Hold

om S

t

Berk

ley

Rd

McGill St

Dundas St

Renf

rew

St

1st Ave

Venables St

Nana

imo

St

E 41st Ave


49th Ave E

Kerr

St

Ellio

t S

t

Vict

oria

Dr

Clar

k Dr

Knig

ht S

t

Fras

er S

t

Mai

n St

E 33rd Ave

E 12th Ave

Gre at Northern Wy

Denman

St

Davie St

Paci�c St

W 33rd Ave

Cam

bie

St

Oak

St

Arbu

tus

StW

Bou

leva

rd

W 49th AveBl

enhe

im S

t

Dunb

ar S

t

Crow

n St

W 10th Ave

Wesbrook Mall

W 4th Ave

NW Marine Dr


Mac

dona

ld S

t

Marine Dr15th St

21st

St

Inglewood Ave

11th

St

15th

St

Stev

ens D

r

Queens AveSouth

boro

ugh

Dr

Capi

lan

o Rd

Edgemont Blvd

Welch St

Larso

n Rd

Delb

rook

E 29th St

E Gr

and

Blvd

Broo

ksba

nkAv

e

Mountain Hw


E Riv

ersid

e Dr

W Esplanade

Lons

dale

Ave

Ches

ter�

eld

Ave

St G

eorg

es A

ve

W 13th St

Braemar Rd

Mou

ntai

n Hw

y

Lynn V

alley R

d

Lillo

oet R

d

W 3rd StE 3rd St

Hyannis Dr

72nd

St

Huston Rd

76th

St

Kent Ave S

Grandview Hwy

Blundell Rd


Fulton Ave

Mathers Ave

64th Ave

Rd

Ferguson Wy

Ladner Trunk Road

Blue

Mou

ntai

n St

Stav

e La

ke St

Bedw

ell Bay Rd

F

ell

Ave

E Keith Rd


Lougheed Highway


Dollarton HwyOld

Dollarton Rd

Vulcan Wy

Port Mann Bridge

Patullo Bridge

Alex Fraser Bridge

Oak St Bridge

Lions

Gat

e Br

idge


Cliveden

Ave

Industrial Wy

W Yale Rd

Lick

man

Rd

Sum

as P

rairi

e Rd

Boun

dary

Rd

Inte

rpro

vinc

ial H

wy

Cole

Rd

McD

erm

ott R

d

Mar

ion

Rd

Dixo

n Rd

Pow

erho

use

Rd

Chad

sey

Rd

Sinclair Rd

Hope

dale

Rd

S Sumas Rd

Luckakuck Wy

Keith Wilson Rd

Peters Rd

W Yale Rd

Vedder Rd

Prairie Central Rd

Bailey Rd



1st Ave

Castleman Rd

Anni

s Rd

Chap

man

Rd

McG

rath

Rd

Ford

Rd

Gibs

on R

d

Pres

t Rd

Youn

g Rd

Banf

ord

Rd

Campbell R

iver Rd


Gilla

nder

s Rd

Vedder Mountain Rd

Yarrow Central Rd

No. 3 Rd

No. 4 RdFireclay Rd

No. 5 RdAtkinson Rd

Campbell Rd

Wells Line Rd

Dewdney Trunk Rd

Stav

e La

ke R

d

Sylve

ster

Rd

Hawkins Pickle Rd

New

ton

Rd

Eagl

e Rd

R iver Rd South



John

son

Rd

Athe

y RdNo 1 Rd

Chilliwack Mtn Rd

Wellington Ave

Wolfe Rd

Hope River Rd

Chilliwack Lake Rd

Lower S

umas

Mtn

Rd

Sumas Mtn Rd


Limbert Rd

McCallum Rd

Cam

eron

Rd

Brid

ge R

d

Arthur L

aing

Brid

ge

RdStraiton

Iron Workers M

emo rial Bridge

Stewardson Wy

Colu

mbia

St

Brunette Ave

Newton Rd

192n

d St

Dawson Rd

Ave

Shau

ghne

ssy S

t

St

Fraser

Wy

North

Com

mer

cial

Dr

Earle

s St

110th Ave

112th Ave

Kingsway

E Hastings Street

E Broadway

Kingsway

Gran

ville

Stre

et

W Broadway

King

Geo

rge

High

way

Fraser Highway

United Blvd

Barnet Highway

Upper

Highway

Levels

Tayl

or W

y

Haney Bypass

Fraser Highway


56th Ave

176t

h St

Paci

�c H

ighw

ay

Lougheed Highway

South Fraser Way


ay

264t

h St

Alde

rgro

ve -

Bel

lingh

am H

ighw

ay

Trans C

anada Hwy

North P

arallel

South

Parallel

Sumas Way

Trans Canada Hwy

Harr

ison

Hot

Spr

ings

Rd

Lougheed Hwy

E Yale Rd

Lougheed Highway

St. Johns St

Westminster Hwy

Fras

er -

Del

ta T

hruw

ay


Cambie Rd

Alderbridge Wy

Will

ingd

on A

ve

King Edward Ave

W 41st Ave

W 12th Ave

SW Marine Dr

W 16th Ave

No. 5

Rd

Steveston Hwy

No. 3

Rd

Canada Wy

Gilm

ore

Ave


Upcoming New SupplyThere are no approved new office developments for the Langley submarket.


(60,000) (50,000) (40,000) (30,000) (20,000) (10,000) - 10,000 20,000 30,000 40,000 50,000

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

2014

Q1

2014

Q2

2014

Q3

2014

Q4

2015

Q1

2015

Q2

2015

Q3

2015

Q4

2016

Q1

2016

Q2


Notable Sale TransactionsThere were no significant sale transactions this quarter in the Langley submarket.

1 2


Glossary

Class AAA BuildingA subset of Class A buildings which are locally recognized as being the top tier, most prestigious buildings that command the highest rental rates in the area.

Class A BuildingPrestigious buildings competing for premier office users with rents above average for the area. Buildings that have high-quality standard finishes, state-of-the-art systems, exceptional accessibility and a definite market presence. Characterized by: prime central location; first-class tenant improvements; on-site parking; state-of-the-art elevators and HVAC systems; concrete and steel construction; contemporary design and architecture; high quality of upkeep and maintenance.

Absorption The net statistical change in occupied space over a period of time. Positive absorption reflects an increase in occupied space while negative absorption reflects a decrease.

Additional Rent Operating costs and property taxes per annum, per square foot.

Asking Net Rent Base rent (net, face or contract) per annum, per square foot excluding operating costs.

Class B Building Buildings competing for a wide range of users with rents in the average range for the area. Building finishes are fair to good for the area and systems are adequate, but the building does not compete with Class A at the same prices. Characterized by new buildings in non-prime locations and older buildings (including rehabilitated structures in prime locations); good-quality tenant improvements; may have on-site parking; elevators and HVAC served; built using a variety of construction methods; upkeep and maintenance is generally good.

Class C BuildingBuildings competing for tenants requiring functional space at rents below the average for the area. Characterized by older structures, may or may not have been renovated; poor-to-average quality of tenant improvements; may not have elevators and air conditioning systems; generally no parking facilities; lower quality of upkeep and maintenance. May also include renovated heritage buildings with good-quality tenant improvements and upgraded building systems.

Flex SpaceSingle-storey buildings having 10-to-I8-foot ceilings with both grade and dock-height loading. Includes wide variation in office space utilization, ranging from retail and personal service through distribution, light industrial and occasional heavy industrial use.


HeadleaseA lease directly from a landlord.

Sublease A lease given by one of the tenants in the building for the remaining portion of its lease term.

Vacancy RateThe percentage rate derived by dividing the total inventory physically vacant as of the survey date including direct vacant and sublease space by the total inventory.


We use a trailing eight-quarter average absorption for our forecast. We take into account incoming new supply and the amount of space pre-leased for each property in order to forecast the future vacancy rate.

Forecast Assumptions

Copyright © 2015 Colliers International.

The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

About Colliers International Group Inc.Colliers International Group Inc. is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. In 2014, the firm handled US$97 billion in total transaction value for 84,600 leases and sales. Colliers manages more than 1.7 billion square feet of commercial properties.

Colliers International Group Inc. generates more than US$2.3 billion in annual revenues. With significant insider ownership and an experienced management team, Colliers International has a long-term track record of creating value and superior returns for shareholders – previously under the ownership of FirstService, and as of June 2015, continuously as an independently owned company. The common shares of Colliers International Group Inc. trade on the NASDAQ under the symbol “CIGI” and on the Toronto Stock Exchange under the symbol “CIG”.

collierscanada.com

502 offices in 67 countries on 6 continentsUnited States: 140 Canada: 31 Latin America: 24 Asia Pacific: 199 EMEA: 108

$2.3billion in annual revenue

1.7billion square feet under management

16,300professionals and staff

MaRkeT CoNTaCT:Maury Dubuque Managing Director | Vancouver Brokerage+1 604 662 [email protected]

Curtis Scott Manager, Market Intelligence | Vancouver+1 604 662 [email protected]

RegioNaL aUThoRS:Emily Bennett | Market Intelligence Coordinator

CONTRIBUTORS:

Kayvon Besharat*Matthew CarlsonRobert Chasmar*Graham DavidsonMarco DiPaolo*John Freyvogel*Dan Jordan*Brian MacKenzie

Derek MayStephen MoscovichPeter MuenchDevin RinghamDylan SohiColin Scarlett*Jason Teahen*

*Personal Real Estate Corporation

Colliers International | Vancouver200 Granville Street, 19th FloorVancouver, BC | Canada+1 604 681 4111

https://www.facebook.com/ColliersCanada

https://www.linkedin.com/company/colliers-international-canada

http://www.twitter.com/collierscanada

Documents

· Research orecast Report Second uarter 2015 Metro Vancouver/o5ce Colliers international 1 Metro Vancouver Market Overview Market Overview The Metro Vancouver market expanded by