The deal
Connect CRE recognized one of Metro Vancouver's largest build-to-suit industrial leases as the 2026 Western Canada Transaction of the Year. The deal was executed by Avison Young and represents the kind of long-horizon commitment that has been holding up the new-construction pipeline.
Why the award matters as a signal
- A build-to-suit lease signed before construction is an occupier vote on five-to-ten-year Metro Vancouver demand.
- The willingness to commit at today's rate levels suggests large users do not expect rent relief in the region.
- Industry recognition concentrates capital and attention — expect more BTS proposals to be put in front of similar occupiers through 2026.
What this changes
The build-to-suit format is no longer the exception. For occupiers over roughly 100,000 sq. ft. in Metro Vancouver, it should be considered alongside existing options at the requirement stage, not later.
Source · primary reference
Avison Young Executes One of Metro Vancouver's Most Significant Build-to-Suit Industrial Leases
Published by Connect CRE Canada
Read the originalThis note is an editorial read of the source above. Quoted figures and conclusions belong to the original publisher; the framing and submarket interpretation are ours.
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