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Strata office sales staying strong

  • ​Surrey continues to display the strongest sales volume by square footage for strata office in Metro Vancouver. With an average annual growth rate of 15.2 percent between 2013 and 2016.   Sales volume for strata office space in Surrey eclipses the same measure in Vancouver, the second most active market, by 273,442 square feet.
  • Although Surrey has seen the most strata office sales by square footage, Vancouver is the most expensive on a $ per square foot basis. Vancouver continues to see appreciation year over year, as the average price per square foot of strata office sold in Q2 2017 was $921.55 per square foot, a 74.3 percent increase from 2013.  Part of the explanation for this increase is due to the continuing rise in demand for grade A strata office and the fact that supply has been limited over the past years.​

Source: JLL Research, Realnet​

 



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