Tagged: Commercial Real Estate

BC commercial real estate investment market enjoys record sales volume in first half of 2010

BC commercial real estate investment market enjoys record sales volume in first half of 2010

With momentum building from a strong finish to 2009, the British Columbia commercial real estate investment market enjoyed record sale transaction dollar volume of $1.026 billion in the first half of 2010.

For the first time in the province’s history, commercial real estate investment volume surpassed $1 billion in a six-month period as 45 sales transactions completed. In the first half of 2010, the total volume of office, retail and industrial property sales rose 43% from $715 million in the second half of 2009 and $643 million in the first half of 2009. As a result, the year-end 2010 total is expected to surpass the year-end 2009 mark of $1.36 billion by a wide margin.