Actual Property Firms Broaden Administration Portfolio – Actual Property

In keeping with BIV’s Largest Industrial Actual Property Brokers in BC Listing (web page 14), the common actual property holding for BC’s largest business actual property brokers has risen for the primary time in no less than 5 years, after declining for the previous a number of years. .

Up to now yr, the imply sq. footage managed by prime business actual property brokers elevated from 4.9 million sq. toes in 2021 to five.3 million sq. toes in 2022. This enhance allowed the median to rebound from 2018 ranges by 0.8 p.c. ,

Common actual property managed by the province’s prime actual property brokers declined for 2 consecutive years, rising barely in 2021 after which declining 0.6 p.c from the earlier yr. This means that smaller corporations on the backside of the listing elevated their business actual property portfolios, whereas their bigger counterparts contracted barely.

Warrington PCI Administration, No. 1 on the listing, had probably the most vital five-year development among the many prime 5 business actual property corporations, rising from 7.7 million sq. toes in 2018 to 17 million sq. toes in 2022. This growth propelled Warrington PCI Administration from fourth on the 2018 listing to first in 2022.

11-ranked Form Property Administration Corp. had its greatest leap in a single yr: up 30.9% from 4.05 million sq. toes in 2021 to five.3 million sq. toes this yr. ,

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