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Marcus and Millichap Selects Vancouver as Its Next Venture
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(Posted on Mar 11, 2016 at 07:49PM by Michelle Bogle)
Marcus & Millichap, a leading commercial real estate investment services firm in the United States and Canada, has recently selected Vancouver, British Columbia, as its next venture.
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Steered by Rene Palsenbarg, Regional Manager at Marcus & Millichap, the newly opened Vancouver office provides real estate investment sales, research information and advisory services for a variety of commercial real estate assets. This includes multifamily, retail, office, industrial, single-tenant net-lease, self-storage, seniors housing, manufactured homes, hospitality, land and special assets – all within the municipality of Vancouver.
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Expanding into the active Vancouver marketplace was a natural choice for Marcus & Millichap. As the eighth-largest Canadian city, Vancouver boasts a dense population of 603,502 people (according to 2011 census data). Located on the coastal seaport of the province’s mainland, Vancouver is also one of the most culturally and linguistically diverse cities in the country. In fact, 52% of its residents have a first language other than English and 17% speak Chinese.Â
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Established on First Nations land and built-up by immigrants, Vancouver has achieved prosperity through worldwide trade. Today, as the city continues to achieve growth through office developments, industrial technology and foreign real estate investments, Vancouver remains a highly attractive market for local and international investors alike.
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To learn more about investing into Vancouver’s growing commercial real estate market, please contact our team of skilled brokers for details.Â
Marcus and Millichap Expands into Vancouver, British Columbia
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(Posted on Mar 11, 2016 at 07:42PM by Michelle Bogle)
Marcus & Millichap, a leading commercial real estate investment services firm in the United States, has recently expanded into the highly-competitive Vancouver, BC marketplace.Â
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Led by Rene Palsenbarg, Regional Manager at Marcus & Millichap, the Vancouver office provides real estate investment sales, research information and advisory services for a variety of asset classes in the Vancouver area.Â
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Palsenbarg and his team of sole-asset focused commercial advisors specialize in multifamily, retail, office, industrial, single-tenant net-lease, self-storage, seniors housing, manufactured homes, hospitality, land and special assets – all within Vancouver.
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“Western Canada is considered one of Canada’s most powerful economic engines,†says Palsenbarg. “In Vancouver alone, we’re experiencing a strong economic resurgence through office developments, growth in the industrial technology sector and foreign investment within the thriving real estate sector. It’s a highly attractive market for local and international investors alike.â€Â
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In fact, according to a recent CIBC World Markets report, British Columbia is expected to lead Canada in economic growth by 2.8% in 2016, due to overseas investment and from its close proximity to some of the fastest growing areas of the U.S. economy.Â
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And, Vancouver will be the epicenter of much of this activity, which is why the timing couldn’t be better for Marcus & Millichap to expand into this city. The office is poised and ready to provide investors with access to the industry's largest inventory of commercial property real estate listings, and connect them with a large pool of qualified private and institutional buyers and sellers.
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To learn more, please contact us directly at our Vancouver office for details.Â
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