Buyers are returning as interest rates stabilize and prices moderate in the strata industrial space in Metro Vancouver. Vacancy rate is at 2.5%, with prices falling to $525 per square foot. Industrial sales activity has been subdued since 2022 due to high interest rates. However, demand for industrial strata is increasing, with prices adjusting and owner-users dominating sales. The market is stabilizing, with lower rates and increased confidence among owners and businesses.