{"id":21615,"date":"2026-01-09T19:41:44","date_gmt":"2026-01-09T19:41:44","guid":{"rendered":"https:\/\/trussrealestate.ca\/?p=21615"},"modified":"2026-01-09T19:42:44","modified_gmt":"2026-01-09T19:42:44","slug":"vancouver-commercial-real-estate-market-update-q3-2025","status":"publish","type":"post","link":"https:\/\/trussstage-1130442.ingress-erytho.ewp.live\/?p=21615","title":{"rendered":"Greater Vancouver Realtors: Commercial transactions grind higher in third quarter"},"content":{"rendered":"
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\"Coal<\/div>\n

Commercial transactions rose seven per cent in the third quarter of 2025, primarily driven by gains in office and multi-family transactions relative to the previous quarter.<\/p>\n

There were 307 commercial real estate sales in the Lower Mainland in Q3 2025, a 61.6 per cent increase from the 190 sales in Q3 2024, according to data from Commercial Edge, a commercial real estate system operated by Greater Vancouver Realtors (GVR).<\/p>\n

The total dollar value of commercial real estate sales in the Lower Mainland was $1.412 billion in Q3 2025, a 17.4 per cent decrease from $1.710 billion in Q3 2024.<\/p>\n

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\u201cNearly all asset classes posted gains in transaction volumes in the third quarter, but the office and multi-family segments were standouts, rising 30 and 46 per cent respectively over last quarter. Dollar volumes spiked in both asset classes as well, with a handful of large value transactions helping to drive these increases.\u201d<\/p>\n

\u2014 Andrew Lis, GVR\u2019s Chief Economist and Vice-President, Data Analytics<\/p>\n<\/blockquote>\n

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\u201cThe only asset class which posted a decline in transaction volumes was the industrial segment, down about 12 per cent relative to last quarter. This marks a second quarterly decline in a row for this segment despite being one of the more resilient asset classes in 2024 in terms of transaction volume, and despite a healthy gain in sub-$2m transactions relative to the third quarter of 2024.\u201d<\/p>\n

\u2014 Andrew Lis, GVR<\/p>\n<\/blockquote>\n

Q3 2025 activity by asset class<\/h2>\n\n\n\n\n\n\n\n\n\n
Asset Class<\/th>\nSales (Q3 2025)<\/th>\nChange vs Q3 2024<\/th>\nDollar Value (Q3 2025)<\/th>\nDollar Change vs Q3 2024<\/th>\n<\/tr>\n<\/thead>\n
Land<\/td>\n52<\/td>\n20 per cent decrease (from 65)<\/td>\n$432 million<\/td>\n42.6 per cent decrease (from $753 million)<\/td>\n<\/tr>\n
Office<\/td>\n83<\/td>\n219.2 per cent increase (from 26)<\/td>\n$190 million<\/td>\n3.3 per cent increase (from $184 million)<\/td>\n<\/tr>\n
Retail & Other<\/td>\n80<\/td>\n66.7 per cent increase (from 48)<\/td>\n$244 million<\/td>\n10.1 per cent decrease (from $272 million)<\/td>\n<\/tr>\n
Industrial<\/td>\n73<\/td>\n102.8 per cent increase (from 36)<\/td>\n$276 million<\/td>\n79 per cent increase (from $154 million)<\/td>\n<\/tr>\n
Multi-Family<\/td>\n19<\/td>\n26.7 per cent increase (from 15)<\/td>\n$270 million<\/td>\n22.3 per cent decrease (from $348 million)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\nView Full Report (PDF)
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