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RGD Commercial is pleased to announce the final sale of 535 Thurlow Street in Downtown Vancouver. This quality office building sold at a sub 5% capitalization rate for $15,250,000. After soliciting fifteen written offers and cooperating with multiple agencies RGD Commercial set a new precedent for representing an owner’s interest and maximizing the sale price. To [...] 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 [...] The Downtown Vancouver Office Market remains strong, while vacancy rates have been increasing, the overall vacancy Downtown is only 7.1%, however that is an increase from 4.2% a year prior. It is also worth noting that the class “A” vacancy rate is only 4.8% while the class “B” vacancy rate is 9.0%. AS OF |
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Copyright © 2009-2010 RGD Commercial Realty Advisors Inc. - All Rights Reserved |
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