Commercial real estate sales were slow almost across the board in the Vancouver area during the first quarter of 2019.
However, of the main asset classes Industrial sales faired the best except for Office Sales. In Q1-2019 there were 61 Industrial transactions, down 29% from Q1-2018’s 86, and down 35% from Q1-2017’s 94. On the volume side, Q1 was down 18% from one year ago and down 24% from two years ago. And while Q1-2019 Industrial transactions were down in each community, volume sales were up in Burnaby (.2%), North Vancouver (116%), Tri-Cities (28%) and Vancouver (1%).
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