Importance of a Business Broker in Taking Advantage of the Vancouver Commercial Property Boom
Positive market trends in Vancouver for the past five years have heightened business optimism among commercial real estate buyers and sellers. Buying and selling commercial property, however, especially for those new to it, can be daunting. Hiring a business broker offers many distinct advantages.
Commercial Real Estate Sales in Five Years
According to the Real Estate Board of Greater Vancouver (REBGV), a member-based association of more than thirteen thousand realty agencies, Metro Vancouver showed the highest growth in five years. Realtors had 660 transactions in Lower Mainland Vancouver during the first quarter in 2016, marking an increase of 26% from 2015.
Sales also increased by 78.1% in terms of total dollar value, from $1.63 billion in 2015 to $2.904 billion in 2016 for the same quarter. The commercial market picked up with land sales as the hottest property class, followed by office and retail properties. Read more from this blog: http://bit.ly/2mgx6Oy