East VancouverTight
Small bay availability remains thin under 5,000 sq. ft.
Functional grade-loaded options under 5,000 sq. ft. continue to lease quickly. Tenants who wait into Q2 face higher rents and fewer choices.
SupplyMay 12
For Tenants · Lease
Industrial Space for Lease in Vancouver.
Vancouver industrial leasing isn't a directory game. It's a written requirement, a working relationship, and a desk that sees on-market, off-market, and pre-market. This page is the market read. The action is to submit yours.
What the desk delivers
- Written read on what's realistic in your size + submarket
- On-market options through CoStar + the major brokerages
- Off-market and pre-market conversations you don't see online
- Loading, clear height, power, yard sanity checks before tours
Rent ranges by submarket
Indicative asking rents, Greater Vancouver industrial.
Net rent psf annual + additional rent (op-costs + taxes). Bands compiled from current desk activity and co-broker data.
Updated 2026-05-27
Vancouver
| Submarket | Net psf | Add'l rent psf | Pressure | Note |
|---|---|---|---|---|
| Mount Pleasant | $22–$28 | $7–$10 | Tight | Premium identity; small bay scarce; redevelopment optionality. |
| False Creek Flats | $20–$26 | $7–$10 | Rising | Larger floorplates; zoning evolution in play. |
| Strathcona | $21–$27 | $7–$10 | Tight | Brewery + food cluster; rarely vacant. |
| East Vancouver | $18–$23 | $6–$9 | Active | — |
| South Vancouver | $18–$23 | $6–$9 | Active | — |
| Marine Drive | $19–$24 | $7–$9 | Active | — |
| Hastings Sunrise | $17–$22 | $6–$9 | Moderate | — |
Inner Suburbs
| Submarket | Net psf | Add'l rent psf | Pressure | Note |
|---|---|---|---|---|
| Burnaby (Big Bend / Lake City) | $18–$23 | $5–$8 | Active | C&W Q3 2025 Burnaby weighted avg: $19.97 net. |
Logistics Corridor
| Submarket | Net psf | Add'l rent psf | Pressure | Note |
|---|---|---|---|---|
| Richmond | $19–$24 | $5–$7 | Active | C&W Q3 2025 weighted avg: $21.52 net; lowest vacancy in metro at 2.7%. |
| Delta (Tilbury / Annacis) | $18–$22 | $5–$7 | Active | C&W Q3 2025 Delta weighted avg: $19.87 net. |
Growth Zone
| Submarket | Net psf | Add'l rent psf | Pressure | Note |
|---|---|---|---|---|
| Surrey (Newton / Port Kells / Cloverdale) | $17–$21 | $4–$6 | Active | C&W Q3 2025 Surrey weighted avg: $18.58 net; highest vacancy in metro at 5.4%. |
| Langley (Gloucester / Campbell Heights) | $16–$20 | $5–$7 | Active | C&W Q3 2025 Langley weighted avg: $17.91 net. |
| Port Coquitlam / Pitt Meadows | $19–$23 | $5–$7 | Active | C&W Q3 2025: PoCo $21.40, Pitt Meadows $20.64 net. |
Ranges are indicative asking bands for standard small- to mid-bay product. Specific buildings move outside these bands based on loading, clear height, power, yard, and lease structure. For a written read on your size and submarket, submit a requirement.
What to evaluate
Function decides. Rate is one input.
Loading, clear height, power, yard, zoning. The shortlist passes or fails on these.
Industrial building anatomy
Function-first checklistWhat actually drives industrial value.
Loading
Dock + grade, truck approach
Clear height
Real usable, not advertised
Power
Amps · voltage · 3-phase
Yard
Secure, drained, sized
Most tenants underestimate timing
The right answer takes 9–12 months to land. Sometimes 18.
Start early
Renewals deserve the same lead time as new searches. Negotiating leverage starts 12 months out, not 3.
Loading is the first filter
Most failed shortlists fail on loading, not rate. Get dock + grade + truck court right before tours.
Compare across submarkets
Vancouver, Burnaby, Richmond, Delta, Surrey each solve a different problem. The cheapest psf is rarely the right answer.
Market watch
What is actually moving.
Editorial commentary on supply, demand, and deal activity — without republishing third-party listings.
South VancouverActive
Mid-size flex demand is holding above supply.
Tenants in the 8,000–15,000 sq. ft. band are competing for limited functional product. Older buildings with reliable loading are leasing faster than expected.
DemandMay 9
RichmondActive
Logistics requirements remain active across the corridor.
Distribution and food users are continuing to push for modern product with dock loading and 26 ft+ clear. Newer strata absorption is steady.
DemandMay 7
Mount PleasantWatching
Redevelopment pressure continues to shape lease decisions.
Tenants in older stock are increasingly asking about relocation options. Owners with redevelopment timelines should plan tenant communications early.
RedevelopmentMay 5
Lease FAQ
What tenants ask first.
Tight, especially under 10,000 sq. ft. The functional small bay segment in East Van and South Van rarely sits available for long.
For most tenants, 9–12 months before occupancy. For larger or specialized requirements (food production, cold storage, heavy power), 12–18 months.
Vancouver is the scarcity market. Burnaby is the closest functional alternative. Richmond is your logistics answer. Surrey/Langley is where new product is actually being built. The right answer depends on truck routing, customer access, labour, and budget.
Loading, ceiling height, power, parking, yard, zoning, truck access, operating costs, escalations, renewal terms, expansion rights, and exit flexibility. Rate is just one input.
Take the next step
Need industrial space in Vancouver or the Lower Mainland?
Submit a requirement and you'll get a written read on what's realistic, where to look, and what to do next. Confidential by default.