Industrial real estate is no longer just about square footage. In markets such as Surrey, Langley, Abbotsford and the Fraser Valley, yard space, loading capacity, access and zoning can be just as important as the building itself.
For many businesses, an extra acre of secure yard can mean more inventory, better truck circulation and room to grow—something that can be extremely difficult to create in an increasingly constrained market.
That creates an interesting opportunity for both buyers and sellers. A property with an older building may still command significant value if it offers the right combination of land, zoning, access and functionality.
The key question for investors isn’t simply, “What is the price per square foot?”
It may be:
“What can this property do that the next property can’t?”
That is where experienced local market analysis can make a real difference.