William Wright Report Q1 2025: What US Tariffs Mean for BC's Commercial Real Estate Market

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TARIFFS TARIFFS

TARIFFS TARIFFS

WHAT U.S. TARIFFS MEAN FOR

CHANGING LANDSCAPE

TARIFFS TARIFFS

CHANGING

“The future of BC’s commercial real estate market will depend on how quickly and effectively the province responds to shifting trade conditions. If businesses and policymakers adapt well, sectors like industrial and tech may continue to THRIVE , even as retail and tourism adjust to the

CHANGING LANDSCAPE .”

For Lease: Highly Visible Industrial Showroom Space With Flexible Zoning Allows For Many Types of Uses/Businesses

This outstanding industrial showroom unit provides 5,214 square feet of highly visible space along the active transportation corridor of 25th Avenue. The exposure and accessibility along 25th Avenue makes this space highly desirable. The INDL (Light Industrial) zoning allows for a variety of uses that can cater to a number of different business uses. There is a significant amount of parking available in front of the building and there is two grade-level loading doors for the unit located in the rear. The tenant will also benefit from the ability to install exterior signage along the front side of the building. For more information or to set up a tour, please reach out to the listing brokers.

$15/FT

$5.32/FT

FOR MORE INFORMATION, CONTACT

Shelby Kostyshen

shelby.kostyshen@williamwright.ca 236.420.3558

5,214

Jeff Hancock* jeff.hancock@williamwright.ca 236.420.3558

William Wright Commercial is pleased to present the opportunity to own a hassle-free investment in a stunning new office building located in the heart of Downtown Kamloops. This property comes with the added benefit of a reliable tenant who is already three years into a five-year lease, with an option to renew for an additional five years, providing you with stability and peace of mind. The property offers an attractive holding income with an approximate 5.5% capitalization rate, making it a solid addition to your investment portfolio. The office space itself is beautifully designed and finished, featuring a spacious boardroom, three private offices, and a kitchenette. For added convenience, underground parking is available at an additional cost. Situated in the vibrant and bustling core of Downtown Kamloops, this location is surrounded by amenities, making it an ideal spot for businesses. Don’t miss out on this excellent investment opportunity!

PROPERTY HIGHLIGHTS

$698,800 SIZE

± 1,100 SQFT

DeCotiis

+ ± 1,100 SQFT of Office Opportunity

+ Long Term Tenant Already in Place

+ Reception, Boardroom, Three Private Offices, and Kitchenette

+ Underground Parking Available

102-1025 Lee Road, Parksville

Portman

± 4,750 SQFT ocean view commercial space with a fully equipped kitchen, 297 seats, and patio.

652 Dunes Drive, Kamloops

Marianne DeCotiis*

± 8,300 SQFT fully equipped restaurant and banquet hall within the Dunes Golf Course. Turnkey ready.

371-550 W Broadway, Vancouver

Philip Seel*

± 2,675 SQFT of turnkey, class “A” office space is ideal for medical, dental, or healthcare-related businesses.

130-1891 Foy Street, Abbotsford

Aman Kundi*

± 10,523 SQFT brand-new concrete tilt-up strata warehouse with one dock loading door and one grade loading door.

3300-3340 Lakeshore Road, Kelowna

Shelby Kostyshen, Victoria Mitchell, Jeff Hancock*

MOVALA is a mixed-use development offering six brand new retail spaces up to ± 16,000 SQFT in Lower Mission.

1702 Lynrick Road, Kelowna

Vishav Jyoti*, Shelby Kostyshen, Jeff Hancock*

± 2.311 AC, DP-ready site approved for 38 spacious townhomes in the highly soughtafter Black Mountain neighbourhood.

605-1160 Burrard Street, Vancouver

Katie Zoladek, Meg Cooney

± 743 SQFT prime medical office

2840 St Johns Street, Port Moody

Sam Repchuk

± 2,641 SQFT high-visibility end-cap retail space with strong vehicle and foot traffic, ample parking, and a flexible layout.

116-1083 E Kent Ave North, Vancouver

Matthew Ho*, Steven Lam*

± 2,397 SQFT fully improved warehouse/ office, built out as a central production kitchen with a grade-level loading door.

1419 Main Street, North Vancouver

Meg Cooney, Roderick MacKay

± 9,375 SQFT, I-3 zoned vacant lot, ideal for developers or owner-occupiers looking to build to suit.

2260 Main Street, Vancouver

Nathan Armour*

± 1,420 SQFT premium retail space with 20 feet of prime street frontage in the Ellsworth Building.

200-8621 201 Street, Langley

Chris van Vliet*

± 6,001 SQFT of well appointed office space at Langley 200 Business Centre, a class A office building.

238-13880 Wireless Way, Richmond

Gavin Brar

± 2,750 SQFT premium second-floor unit at TROVE, featuring soundproof rooms, ideal for a professional music studio.

William Wright Commercial is pleased to announce the sale of a 1,081 square foot fully built out office space located on the second floor of the Spire Professional Centre. Improvements include a reception/waiting area, 3 private offices, boardroom, kitchenette, and open work area. This central location is just off of the busy 200th Street Corridor and Highway 1 Interchange in the Willoughby area.

Fully Built Out Office at Spire Professional Centre

Class A Office Space

Fully Built Out

Abundant Glazing and Natural Light

Secured Underground Parking

PRICE

$1,050,000 SIZE +/- 1,081 SQFT

Chris van Vliet*

Beautiful turn key and fully furnished professional office space located on the ground floor of Chard Development’s Vivid at the Yates. This 2,025 SQFT space is made up of 6 private offices, one large boardroom, kitchenette, washroom, separate shower room, large open area and reception. Located within the Harris Green Commercial District the two strata lots offer a variety of uses within the zoning for retailers and professional offices alike.

PRICE

$1,498,800

± 2,025 SQFT

FOR MORE INFORMATION CONTACT

Santanna Portman

santanna.portman@williamwright.ca

250.586.1226

David Boon

david.boon@williamwright.ca

250.590.5797

180-2325 Peardonville Road, Abbotsford

Matthew Ho*, Steven Lam*

± 8,586 SQFT premium industrial unit at Legacy Business Park is equipped with 3-phase electrical service 100A-200A.

3528 Commercial Street, Vancouver

David Hemmings

± 2,093 SQFT of versatile space at grade level. MC-1 zoning allows for a mix of service, retail, and manufacturing uses.

119-9123 Bentley Street, Vancouver

Steven Lam*, Matthew Ho*

± 1,437 SQFT waterfront industrial unit in Riverworks features 20' ceiling height and 1 grade-level loading door.

150-628 E Kent Ave South, Vancouver

Nathan Armour*

± 2,866 SQFT of efficiently designed warehouse and office space at Rivershore Business Park.

*PERSONAL REAL ESTATE CORPORATION

RECENT TRANSACTIONS Q1 2025

1 & 2-6324 Metral Drive, Nanaimo

Santanna Portman

± 1,833–3,794 SQFT of prime retail opportunity offering great street exposure along a busy retail corridor in Nanaimo.

3 & 4-14722 64 Avenue, Surrey

Aman Sharma

± 6,000 SQFT industrial warehouse units features power 600 volts and 200 amps, 2 washrooms, and 20' clear ceiling heights.

3905 Fraser Street, Vancouver

Bikram Singh, Josh Jawanda*

± 3,000 SQFT two retail spaces side by side in a low-rise concrete building with parking at the rear building.

935 Richter Street, Kelowna

Nick Renton, Jeff Hancock*

High traffic ± 30,492 SQFT industrial site and owner occupier opportunity with development potential.

401-554 Leon Avenue, Kelowna

Jeff Brown, Victoria Mitchell

Large open workspace, 6 private offices, a boardroom, and in-suite kitchenette with views of the Lake. +/- 3,428 SQFT.

408-15225 104th Avenue, Surrey

Mark Nemish

± 1,631 SQFT office at Guildford Office Park, with direct access to Hwy 1 via the 152nd on-ramp.

CRU2-817 Carnarvon St, New Westminster

Nathan Armour*

Prime ± 935 SQFT retail strata unit offering unparalleled accessibility and visibility in downtown New West.

200-1488 Main Street, North Vancouver

Meg Cooney, Matthew Ho*, Katie Zoladek, Zuber Jamal*

Investment and owner-occupier opportunity featuring a turn-key ready, ± 3,847 SQFT office space.

2120-11980 Hammersmith Way, Richmond

Sharu Thulasi

± 4,300 SQFT fully furnished warehouse and modern office space with workstations and a boardroom.

113-511 W 7th Avenue, Vancouver

Katie Zoladek

± 640 SQFT charming retail unit just steps from Cambie Street, in a vibrant commercial and residential neighborhood.

$2,700,000

11700 Cambie Road, Richmond

Josh Jawanda*, Bikram Singh

± 2,007 SQFT Cambie Plaza Liquor Store is a well-established retail liquor store benefits from high foot traffic in the plaza.

602-1281 Hornby Street, Vancouver

Roderick MacKay, Meg Cooney

± 1,461 SQFT office unit with two secured parking stalls and one of the most efficient layouts at One Burrard Place.

PROVIDING REAL-TIME INSIGHT INTO TODAY’S COMMERCIAL REAL ESTATE INDUSTRY.

FEATURED EPISODE

VCREP #157: INTEREST RATES, TARIFFS & MARKET INSIGHTS WITH JON SWITZER

Jon Switzer, Managing Partner at Impact Commercial, dives into the current commercial real estate lending landscape. Jon shares his insights on where interest rates are trending, the impact of the latest Bank of Canada rate cut, and what it means for investors. He also breaks down key market trends, the potential effects of capital gains tax changes, and the looming 25% Trump tariffs set to take effect.

FEATURED EPISODE

VCREP #154: 2025 COMMERCIAL REAL ESTATE OUTLOOK: TRENDS, PREDICTIONS, AND HOT MARKETS

In this year-end episode of the Vancouver Commercial Real Estate Podcast, hosts Cory Wright and Adam Scalena dive into the 2025 commercial real estate landscape. They deliver an indepth analysis of key asset classes—industrial, office, multifamily, and development land—sharing expert predictions and actionable insights.

Reflecting on the lasting effects of the pandemic and other pivotal events, they explore emerging trends and highlight promising investment opportunities in markets like Nanaimo and Vancouver Island. They also tackle the challenges posed by current economic conditions and rising interest rates, offering strategies to navigate the year ahead. Don't miss this essential guide to the future of commercial real estate!

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William Wright Report Q1 2025: What US Tariffs Mean for BC's Commercial Real Estate Market by William Wright Commercial - Issuu