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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, August 15, 2017

Vancouver’s tech-hub status could be under threat says JLL

Another major real estate firm is warning that the supply of commercial properties in Vancouver is a concern.

JLL says that a shortage of office space could hamper the city’s growing appeal as a centre for the technology sector, driven by the relatively low loonie and the city’s appeal to tech-savvy young workers.

The vacancy rate for offices in downtown Vancouver fell to 6.8% in the second quarter of 2017, from 8.3% in late 2016. The report follows Cushman & Wakefield’s global analysis which suggests the city-wide could be 6.3% by 2019.

JLL’s report warns: “A vacancy rate of 3% would have a profound impact on Vancouver’s desire to build itself as a tech hub and financial centre.” It suggests that the tight inventory will drive firms to suburban markets.

The City’s assistant director of planning, Kent Munro told the Vancouver Sun that while the JLL report appeared to focus on premium downtown office space, the city has been rezoning elsewhere to create attractive space for businesses.

MBN

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