Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development, Office

Market Spotlight: MNP Tower

Some great crane shots of MNP Tower, which is now nearing completion. Fixturing is underway for tenants with opening in the Spring.

Photos by Donald Jones, Flickr.

January 16, 2015by david.taylor@colliers.com
Market Research

Market Snapshot: City of Vancouver CACs

Next week the City of Vancouver Standing Committee on Planning, Transportation and Environment will present the annual report on Community Amenity Contributions (CACs) and Density Bonusing. The report going to council is for information purposes and provides an interesting snapshot of the amount of CAC’s generated by the City (in 2013). Here’s a few highlights:

  • 2013 approvals of additional density resulted in public benefits valued at $133 Million and 886 secured market rental units
  • In 2013, there were 45 project approvals resulting in 2.6 Milion SF of additional density (rezoning/bonusing)
  • In 2013, five large rezoning approvals accounted for 60% of all additional floor area approved and 70% of all contributions committed
    • These are: 508 Helmcken, Burrard Place, 1300 Richards, Vancouver House and 4533 Cambie St.
  • Half of all CACs are realized by services provided on-site

CAC report CAC report_1

Top 10 Rezonings in 2013 – Ranked by Public Benefit

January 16, 2015by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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