After trending down for the previous a number of years, the median actual property holdings for B.C.’s largest industrial actual property brokers has grown for the primary time in no less than 5 years, in keeping with BIV’s Largest Business Actual Property Brokers in B.C. listing (web page 14).
Over the previous 12 months, the median sq. footage managed by the highest industrial actual property brokers grew 8.93 per cent from 4.9 million sq. ft in 2021 to five.3 million sq. ft in 2022. This progress allowed the median to rebound to 0.8 per cent above 2018 ranges.
The typical actual property managed by the province’s prime actual property brokers adopted a barely completely different development by falling for 2 consecutive years, rising barely in 2021 after which falling 0.6 per cent over the previous 12 months. This means that whereas smaller firms decrease on the listing elevated their industrial real-estate portfolios, their bigger counterparts contracted barely.
Warrington PCI Administration, No. 1 on the listing, had essentially the most important five-year progress among the many prime 5 industrial actual property companies, boasting a 122.4 per cent enhance from 7.7 million sq. ft in 2018 to 17 million sq. ft in 2022. This progress catapulted Warrington PCI Administration from fourth on the listing in 2018 to first in 2022.
No. 11-ranked Form Property Administration Corp. had the most important one-year soar: up 30.9 per cent from 4.05 million sq. ft in 2021 to five.3 million sq. ft this 12 months. •