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CoStar Insight

A New Year Marks the Start of Rent Slippage in Vancouver’s Industrial Market

Quarter-Over-Quarter Rent Growth Enters Negative Territory for First Time in Years
The newly constructed Pacific Corporate Centre in Campbell Heights, Surrey. (Justin Eckersall/CoStar)
The newly constructed Pacific Corporate Centre in Campbell Heights, Surrey. (Justin Eckersall/CoStar)
CoStar Analytics
March 28, 2024 | 12:39 P.M.

Vancouver’s industrial property market has seen a tremendous slide in its annual rent growth since topping out in the third quarter of 2022 at 16%. But now it's gone negative.

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