Mike Rampf & Shawn Anderson-

Vancouver Real Estate Marketing Done Right

Mike and Shawn have more than a combined fourteen years experience in the Vancouver Real Estate market. They specialize in selling houses, condominiums, land, townhouses, and investment properties in Vancouver and the surrounding area. Both Mike and Shawn have UBC Commerce Degrees and as a result are able to provide an unparalleled range of real estate services. Mike and Shawn's team has sold hundreds of homes at present; last year the team sold over one home per week. Please read below for some of Mike and Shawn's Vancouver Real Estate Blogs as well as about some of their other interests.

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Commercial real estate market sees increased sales activity to close 2013

Commercial real estate market sees increased sales activity to close 2013

A strong finish to 2013 kept sales activity in the Lower Mainland’s commercial real estate market in line with historical averages.

There were 470 commercial real estate sales in the Lower Mainland in the fourth quarter (Q.4) of 2013. This is the second highest selling Q.4 in the region over the last five years.  

In all, there were 1,799 commercial real estate sales in the Lower Mainland in 2013. This is 7.5 per cent below the 1,945 sales* in 2012, 7.2 per cent below the 1,939 sales recorded in 2011, and 4.4 per cent above the 1,723 sales recorded in 2010.

Commercial real estate sales in 2013 were 3.5 per cent above the region’s five-year sales average.

“Commercial real estate activity picked up in the Lower Mainland in 2013 after a slow first quarter,” said REBGV President Ray Harris. “Office and retail continue to be the most active category within our commercial real estate market.”

The total dollar value of commercial real estate sales in the Lower Mainland in 2013 exceeded $5.5 billion in 2013, which is below the $5.6 billion total in 2012.

2013 activity by category

Land: There were 517 commercial land sales in the Lower Mainland in 2012, which is a 15.5 per cent decline from the 612 land sales in 2012. The dollar value of last year’s land sales was $2.196 billion, a 4.2 per cent increase from 2012.

Office and Retail: There were 704 office and retail sales in the Lower Mainland in 2013, which is up 2 per cent from the 690 office and retail sales in 2012.  The dollar value of last year’s office and retail sales was $1.850 billion, a decline of 15.1 per cent from 2012.

Industrial: There were 478 industrial land sales in the Lower Mainland in 2013, which is down 11.2 per cent from the 538 industrial land sales in 2012.  The dollar value of last year’s industrial sales was $919 million, an 11.6 per cent increase from 2012.

Multi-Family: There were 100 multi-family land sales in the Lower Mainland in 2013, which is down 4.8 per cent from the 105 multi-family sales in 2012.  The dollar value of last year’s land sales was $549 million, a 1.1 per cent decline from 2012.

*Editor’s Note: Please note that historical data is updated as transaction records are received from the Land Title and Survey Authority of British Columbia.

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