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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Metro Vancouver Commercial Real Estate Market Data
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Apartment, Development, Rental

West End Condo Project Revised as Rental Tower

PC Urban has submitted a rezoning application for a rental tower at 1150 Barclay Street. The site was originally envisioned for redevelopment as an 11-storey, 21-unit condo project, but did not move forward.

The site is 11,925 SF and the existing building is a 3-storey co-op with 19 units.

The new proposal is to allow for the development of a 20-storey rental building that includes:

  • 152 rental units (20% below market);
  • Community space on the ground floor;
  • A total density of 9.10 FSR;
  • A building height of 193 ft. with additional height for rooftop amenity space.

This application is being considered under the West End Community Plan.

The architect for the project is MCM Architects.

September 1, 2024by david.taylor@colliers.com
Development, Rental

Two Towers, 394 Rental Units Pitched for Broadway Site

PC Urban has submitted a rezoning application under the Broadway Plan for a two tower rental project on West 13th Avenue at Willow Street, in the Uptown South neighbourhood of the Broadway Plan. The site is located just one block South of Vancouver General Hospital.

The Eastern half of this site was assembled by our team.

The proposal is to allow for the development of two 21-storey buildings and includes:

  • 354 rental units;
  • 20% of the floor area secured for below market rental units;
  • A 24-hour childcare facility;
  • A total density of 7.40 FSR;
  • A building height of 211 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The application is requesting additional density for the delivery of the childcare centre.

The architect for the project is Francl Architecture.

April 1, 2024by david.taylor@colliers.com
Development, Office

6-Storey Office & Light Industrial Building Planned for Mount Pleasant Site

PC Urban has applied to the City of Vancouver for permission to develop a new 6-storey at 2410 Columbia Street in Mount Pleasant.

The site is located at the southeast corner of Columbia Street and West 8th Avenue with a total site
size of 12,144 SF. The corner site fronts on to Columbia Street to the West, W. 8th Avenue to the North; the Milano coffee building shares an interior property line on the eastern side of the site.

The proposal for the site is a mixed-use commercial building with Industrial on level 1 to 2 and Office on level 3 to 6, with:

  • A building height of 100.0 ft.;
  • A density of 4.50 FSR (gross buildable of 54,591 SF);
  • Two levels of underground parking providing 53 parking spaces having vehicular access from the lane.

Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is MCMP Architects.

January 10, 2024by david.taylor@colliers.com
Development, Office

12-Storey Mass Timber Office & Industrial Building Planned for Mount Pleasant Site

PC Urban and Hines have submitted their development application for 123 East 6th Avenue, at the Northeast corner of East 6th and Quebec in Mount Pleasant.

The proposal is for a 12-storey mixed-use office and industrial building (named ‘T3 Mount Pleasant’) within the I-1B zoning guidelines. Schedule and comprises 196,351 sf of floor area. The project also consists of the relocation, designation and conservation of an existing two-storey 10,632 sf SFU Annex heritage building for the purpose of delivering to the City to operate as an arts centre.

The project will be constructed using a mass timber superstructure and designed according to Hines’ proprietary “T3 system” which combines timber, transit and technology.

Details of the project include:

  • 196,351 SF of gross floor area;
  • A total density of 6.60 FSR;
  • A proposed height of 150 ft.;
  • Three levels of underground parking, having vehicular access from the lane.

The architecture team for the project is DLR Group with Proscenium Architecture.

April 12, 2022by david.taylor@colliers.com
Condo, Development

Application Submitted for Phase 2 of ‘Holland Row’ Project in North Van

PC Urban has submitted their rezoning application to the District of North Vancouver for the second and final phase of Holland Row, a 23-unit townhouse project approved in 2017, sold out and recently completed on Glenaire Drive, next to the Capilano River.

Phase 2 is located on a single lot at 1920 Glenaire Drive. The plan is to closely replicate Phase 1, with two, three-storey stacked townhouse buildings.

The project includes:

  • 15 townhouse units;
  • All three and four bedroom units, and one one-bedroom unit;
  • a total density of 1.17 FAR;
  • 28 parking spaces located on one underground level;
  • a CAC of $399,212;
  • a new pocket park on Glenaire Drive;
  • an “on-site” public pathway;
  • a land dedication to be incorporated into the Capilano River Regional Park to allow for a trail along the Capilano River.

The architect for the project is Grimwood Architecture.

The site was acquired in 2017 for $6,000,000 or $220 per buildable SF based on the application.

May 28, 2021by david.taylor@colliers.com
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First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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

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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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