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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Apartment, Development, Land

FOR SALE: East Vancouver Rental Development Site

Pleased to offer this full city block rental development site on Renfrew Street in East Vancouver.

The 26,000 SF site is eligible for rezoning under the Secured Rental Policy, potentially allowing a 6-storey rental development up to 3.40 FSR. Located in the community of Hastings-Sunrise and a short drive to both Downtown Vancouver and Burnaby, the site spans an entire block along Renfrew Street between East Georgia and Adanac Street.

It is a fantastic location for rental apartments and the site has already been assembled.

Click here for the brochure.

Please contact me for further information including price guidance.

April 3, 2022by david.taylor@colliers.com
Condo, Land

SOLD: 5916-5998 Cambie Street

I am pleased to share the news of successful completion of the sale of 5916-5998 Cambie Street, Vancouver, B.C. The Purchaser is a partnership between Coromandel Properties and Peterson Group.

This 31,692-SF full city block is located at the corner of Cambie Street and West 43rd Avenue, directly across from the transformative Oakridge Vancouver project, and just two blocks south of Oakridge/41st Canada Line Station.

The site has an approved rezoning application for a 29-storey, 168-unit condo tower and a 15-storey, 270-room hotel.

Please contact me for further information regarding this sale.

April 3, 2022by david.taylor@colliers.com
Land, Market Research

Draft Broadway Plan Released

The City of Vancouver has released a Draft of the much anticipated Broadway Plan that now includes details on land use designations, density, built form and public benefits.

This is the most detailed iteration of a planning process which launched three years ago.

The full draft plan can be viewed on the City’s website, here.

The Broadway Plan is broken down into three main geographic neighbourhoods:

  • Kitsilano
  • Fairview
  • Mount Pleasant

Here is a summary of the overall draft plan as well as detail for proposed zoning within each neighbourhood.

The Overall Draft Land Use Map

Kitsilano

Fairview

Mount Pleasant

March 1, 2022by david.taylor@colliers.com
Development, Investment, Land

West Broadway Site Sells in $31M Deal

The Jim Pattison Group has acquired a 22,500 SF site at the Southeast corner of West Broadway and Balaclava Street in Kitsilano for $30,750,000. The site is zoned C-2C which allows a maximum density of 3.0 FSR; based on the existing zoning this price equates to $456 per buildable SF. There is no news yet on redevelopment plans.

January 25, 2022by david.taylor@colliers.com
Investment, Land

SOLD: Oak & 37th Townhouse Development Site

I am pleased to announce the sale of a eight lot, 63,050 sq. ft. townhouse development site at the corner of Oak Street and West 37th Avenue.

Our team worked with the assembly group of eight owners to secure a successful sale deal. The buyers, a partnership of Citimark and Grosvenor, will be unveiling their concept for a proposed townhouse development in the coming months.

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January 17, 2022by 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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