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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 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, 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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