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Rent declines becoming ingrained in Vancouver’s industrial market

After months of flat performance, the estimated region-wide rent is now sliding
An aerial showing rooftops of small- to medium-size bay buildings in Port Coquitlam (CoStar)
An aerial showing rooftops of small- to medium-size bay buildings in Port Coquitlam (CoStar)
CoStar Analytics
May 1, 2025 | 7:59 P.M.

Market asking rents in Vancouver’s industrial market are showing signs of further slippage, which threatens to result in the region-wide estimated rent posting back-to-back quarters of declines.

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