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The Broadway Corridor Office Market is a relatively small office market adjacent to Downtown Vancouver. The market itself is a little over 4 million square feet, comprising of 79 buildings and has a current vacancy rate of only 6.3%. The vacancy remains at a competitive level with little change over the quarter. AVAILABLE SPACE SUMMARY AS OF The Burnaby Office Market enters the second quarter of 2010 with a vacancy rate of 13% up slightly from last quarter, of interest though is that the class “A” vacancy has increased to 14.6%, and the market is quickly approaching a million square feet vacant as vacancy increased another 80,000 square feet last quarter with [...] The Downtown Vancouver Office Market remains strong, with vacancy rates increasing slightly in the first quarter of 2010, The Downtown vacancy is only 7.2%. It is also worth noting that the class “A” vacancy rate is only 5.0% while the class “B” vacancy rate decreased by 1% in the quarter to 8.0%. AVAILABLE SPACE SUMMARY AS OF We are pleased to announce that after thoroughly exposing 535 Thurlow Street to the market the building is now under contract. While the Vendor is surprised by the level of interest and the number of potential buyers, we were not. Following our core principle, to operate in our client’s best interest, we cooperated with all sources and had [...] RGD Commercial Realty Advisors is pleased to announce a rare investment opportunity located in the heart of Downtown Vancouver. 535 Thurlow Street, a multi-tenanted, 8-storey, 60,000 square foot (approximate), “B” class building located on Thurlow Street, just south of West Pender, across the street from Bentall Centre is being offered for sale through RGD Commercial. Please contact [...] |
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