Strong Demand for Commercial 2 Zoned Property in Abbotsford

A record Commercial 2 land rate was achieved with the sale of 31-37 Russell Street, Abbotsford this week. Gorman Commercial’s Tom Maule and Stephen Gorman auctioned the property which sold under competitive bidding to an owner occupier for $3,660,000 on a land rate of $7,469 psm. Tom Maule commented, “This is a record land rate for Abbotsford. Demand is strong for this type of commercial asset.”