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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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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For Sale, Office

Surrey Medical Office Building Sells in $13 Million Deal

A 3-storey medical office building known as Fleetwood Professsional Centre has sold. The property is located at 16088 84th Avenue in the Fleetwood area of Surrey.

Details:

  • 28,074 SF
  • Year Built: 1994
  • 84 surface parking spaces
  • Price: $13,000,000
  • $463/SF

The property was sold by Nicholas Westlake of CBRE.

October 20, 2025by david.taylor@colliers.com
For Sale, Office

Allied REIT Completes Acquisition of M4 Office Building in Mount Pleasant

Allied Properties REIT has announced the completion of the remaining 50% interest in M4 of Main Alley Campus in Mount Pleasant from Westbank.

Details:

  • Building Size: 208,000 SF (167,000 SF office, 38,000 SF industrial)
  • Year Built: 2025
  • 50% Interest
  • Purchase Price: $89,700,000
  • $863/SF

The sale was negotiated in July and completed September 30.

October 20, 2025by david.taylor@colliers.com
For Sale, Office

Yaletown Office Building Sells to User for $684 per SF

Allied Properties REIT has sold 1220 Homer Street to a user group for $13,250,000, . The 4-storey, 19,384 SF heritage office building was originally built in 1947 but had been restored. The building was primarily vacant at the time of sale.

The sale price equates to $684/SF.

The building had originally been acquired in 2018 for $17,500,000, and a 3.40% cap rate.

September 5, 2025by david.taylor@colliers.com
For Sale, Office, Retail

Main & 28th Retail & Office Property Sells for $5.5M

A streetfront retail and office building on Main Street near East 28th Avenue in Vancouver has sold for $5,500,000 or $810 per SF. The property sits on a 66 x 100′ mid-block lot and was fully leased (with demo clauses) at the time of sale.

The building had been listed for sale for $5,600,000 and was sold by Dorset Realty.

August 27, 2025by david.taylor@colliers.com
For Sale, Office, Retail

NEW PRICE: Port Coquitlam Retail Property

We are pleased to re-introduce Westwood Square, an 18,000 SF retail and office property located on Westwood Street in Port Coquitlam. The asking price has been reduced from $9,800,000 to $7,850,000, representing a 5.5% cap on stabilized income.

Please click here, contact us for further information or to access the data room.

July 14, 2025by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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gravitasmsn MN @gravitasmsn ·
16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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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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