Metro Vancouver Commercial Real Estate Sales Reach Record $1.42 Billion

Metro Vancouver commercial real estate sales reach record $1.42 billion.

Commercial real estate transactions in Metro Vancouver reached an unprecedented six-month total of $1.42 billion during the first half of 2012, breaking the previous record of $1.03 billion set during the first half of 2010, according to a report released Wednesday.

The figures point to a longer-term surge and confidence in commercial land investments, experts say, but belie anxiety over diminishing industrial land availability as it gives way to more apartments and office towers.