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Sunday, September 24, 2023
Sept. 24, 2023

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Industrial strength growth in Vancouver market

Warehouses, other businesses see strong market during pandemic, new interest from builders

By , Columbian business reporter
Published:
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Construction is underway on an expansion of the Fourth Plain Business Park near Orchards. The overall market for industrial space has remained strong in Vancouver throughout the COVID-19 pandemic.
Construction is underway on an expansion of the Fourth Plain Business Park near Orchards. The overall market for industrial space has remained strong in Vancouver throughout the COVID-19 pandemic. (Joshua Hart/The Columbian) Photo Gallery

The COVID-19 pandemic has profoundly impacted Vancouver’s real estate market, and often in one specific direction: residential activity has gone through the roof, while retail, hospitality and office activity have all had to contend with uncertainty as businesses struggle to adapt.

There’s one big exception to the commercial real estate market upheaval: Vancouver’s industrial sector is seeing significant growth in market activity and a renewed round of interest from builders and investors.

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Columbian business reporter