Tuesday, September 8, 2009

NAIOP panel to diagnose Vancouver office market

Expert panelists will diagnose Metro Vancouver's office market during this month's NAIOP Vancouver breakfast.

Avison Young brokers Fergus Cameron and Darrell Hurst will join Mark Chambers of Cushman & Wakefield and Rob Chasmar of Colliers International Inc., as they discuss the global recession's impact on downtown and suburban commercial real estate markets.

NAIOP's e-mail notice on the breakfast asks whether Vancouver's office market has reached its Armageddon or is in for a soft landing. Cameron, Hurst and the other panelists will also discuss whether Vancouver has suffered as a "branch plant" city, and attempt to identify market makers and breakers.

The panel, moderated by Bentall LP vice-president Tony Astles, will also forecast local sublease inventory take-up and identify industry sectors that are expanding and shrinking.

The breakfast will be held Sept. 24 at the Hyatt Regency hotel.

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