Download Multifamily activity report for Vancouver Commercial Real Estate!
Stay up-to-date on Vancouver, Washington real estate market trends! Obtain the latest Vancouver Washington Commercial Real Estate Market Activity Reports for Multifamily properties. This information will help you and your clients strategize and guide them in the best direction to meet their real estate investment goals.
Vancouver, WA Multifamily Commercial Real Estate
Vancouver consistently exhibits robust fundamentals and has attracted increased attention from developers and investors in recent years. In light of increasing regulations in Portland and in Oregon, Vancouver’s profile could rise further among multifamily stakeholders.
More apartments are under construction in Vancouver than anywhere else in the metro. The supply wave has been ongoing over the past decade, with submarket inventory increasing by almost 30% during that time. But despite the construction surge, demand is high, and vacancies are low. New development activity will surge even higher when Gramor Development adds thousands of units on the waterfront over the next few years.
Vancouver’s rent growth has outperformed the overall Portland metro for the past six years, and year-over-year submarket gains are significantly stronger than Portland’s performance amid the coronavirus pandemic. Investors are pouring into the area as a result, with more than $400 million in deals recorded in both 2019 and 2020. Trading slowed in the early months of the pandemic but the largest sale in submarket history capped a recorded setting fourth quarter when more than $275 million in deals closed.
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