Vancouver Industrial Vacancy Hits Highest Point in 10 Years

The industrial vacancy rate in Greater Vancouver reached 3.1% by mid-2025, the highest in a decade, following a steady increase since 2021. Leasing activity slowed due to potential U.S. tariffs, influencing industrial investments, with Maple Ridge-Pitt Meadows having the highest vacancy rate at 4.2%. Sublease availability hit a record high, while industrial sales saw a significant decrease, marking the weakest first half since at least 2015.