Downtown Suites Rental Report Jan. 07, 2013
We regularly take the pulse of the rental situation in Vancouver as a service to our owners. Following is our report for this month.
OVERVIEW of CURRENT RENTAL IN VANCOUVER
Downtown and close surrounding areas: large inventory of strata suites for rent continue – higher inventory than last month once again (see below)
Rental rates are competitive and we are seeing slight lowering of rents to spur activity.
Suites are being absorbed, taking 1 month or longer for most to rent
A one bedroom suite approx… 585 sq.ft with parking in downtown high-rise still averaging approx. $2.40 – $2.50 per sq.ft
A two bedroom two bath suite still averaging $2.20 to $2.45 per sq.ft
CURRENT UNIT AVAILABILITY:
2,500 properties listed on Craig’s List
SUITES AVAILABLE
Coal Harbour – Over $2500 per mo: 223
Downtown – ONE Bdrm: 1005 TWO Bdrm: 627
Westside – ONE Bdrm: 81 TWO Bdrm: 86
Eastside — ONE Bdrm: 09 TWO Bdrm: 03
HOUSES Available for rental
Westside: 364
Eastside 132
See our video with Nicholas Meyer discussing these stats. VIEW HERE
DOWNTOWN SUITES LTD
QUALITY RENTAL MANAGEMENT SINCE 1994
We are fully licensed with 7 licensed rental managers on staff. We have an A+ rating with the Better Business Bureau.
Please review our website: https://www.downtownsuites.ca/vancouver-rental-property-management-2/satisfied-clients/ to review the glowing testimonials we have received from both our clients and tenants.
We specialize in condominiums, houses and small apartment buildings to 20 units in Vancouver.
Our service is unparalleled (all funds are held in audited trust accounts per Council rules, a licensed manager is on call 24/7/365 for emergencies) and your agents can be assured that their clients will receive the highest caliber of service and of course they are client protected.
We will always honor the client / realtor relationship that they have.
We are just a phone call away to give accurate current market RENTAL evaluations for your realtors and investors prior to purchasing to assist them to close the sale at no extra charge.
We will provide a fine dining gift certificate to the referring Realtor for $200.00 once we have rented the property.
