Available industrial inventory has declined 135% in the past five years, with most leases snapped up even before building completion.
For the first time, suburban vacancy rates are tighter than downtown cores for office space.
"Rents are a third or a quarter of what they would be for industrial in Vancouver and you make up for those extra transportation costs by having much cheaper rent."
Those lucky enough to get in are reaping the rewards.
“There really is no right or wrong time to enter the market..."