City Market Guide · Metro Vancouver
Surrey is the fastest-growing city in British Columbia and the largest industrial land base in Metro Vancouver. Explore the market by asset class — industrial, office, retail and land — with key-area breakdowns, current vacancy and lease-rate snapshots for each.
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The market
With a population past 640,000 and growing by roughly 1,000 new residents each month, Surrey is the second-largest city in BC and the region’s primary destination for new industrial, office and retail development.
Surrey's advantage is land. It holds the largest contiguous industrial land base in Metro Vancouver — anchored by the 1,500-acre Campbell Heights business park — and continues to bring new serviced parcels to market while Vancouver, Burnaby and Richmond are effectively built out.
Highway 1, the South Fraser Perimeter Road, Highway 15 and the Pacific Highway border crossing give Surrey tenants same-highway access to the Port of Vancouver, the US border and the Fraser Valley. SkyTrain and a rising City Centre are pulling office and retail demand east at the same time.
640K+
Residents
1,500 ac
Campbell Heights
#1
Industrial land base
Explore by asset class
Each page breaks down the Surrey market for that asset class — representative vacancy and lease-rate ranges, the key areas, and a live listing search you can launch.
Figures shown are representative market ranges for orientation only and are not verified current data. Your Urban Team Inc. broker will confirm live asking rates for any specific building or area.
Across Metro Vancouver
Maplease covers commercial leasing markets across Metro Vancouver and the Fraser Valley. Jump to any municipality for its market overview and asset-class breakdowns.