Kelowna & Central Okanagan Industrial
Industrial real estate
broker in Kelowna.
I’m Samuel Brahem, an industrial real estate broker with NAI Commercial. I work industrial sales and leasing in Metro Vancouver as my home market, and I am active in Kelowna and the Central Okanagan, where I co-list IntraUrban McCarthy, a new 13-unit industrial strata project in Winfield, with my colleague Sam Nakhleh at NAI Commercial.
Kelowna industrial real estate sits at a different point in the cycle than Metro Vancouver. New concrete strata near the airport corridor is trading at a fraction of Lower Mainland pricing, which has owner-occupiers, investors, and expanding Vancouver businesses paying attention. Because I work both markets, I can put your Metro Vancouver occupancy costs next to real Okanagan alternatives and run the transaction at either end.
INTRAURBAN
McCARTHY
Now Selling & Leasing, Winfield
Featured Availability
IntraUrban McCarthy: 13 new industrial strata units in Winfield.
Building 2 at 9640 McCarthy Road brings 46,741 SF of brand new industrial strata to the Winfield and North Kelowna market, developed by PC Urban under the IntraUrban brand. Units run 3,388 SF to 5,445 SF, each with a built-in concrete mezzanine, 28 foot clear height, grade loading, ESFR sprinklers, and 3-phase power. Sale pricing starts at $250 per square foot, positioned below replacement cost, and occupancy is immediate. The site sits 8 minutes from Kelowna International Airport, just off Highway 97.
Units
13 strata units
Unit Sizes
3,388 to 5,445 SF
Contiguous
46,741 SF
Sale Pricing
From $847,000 ($250 PSF)
Intro Lease Rate
$10.00 PSF net, Year 1
Clear Height
28 feet
Zoning
I2 General Industrial
Occupancy
Immediate
The Kelowna Market
Why Kelowna, and why now.
The Central Okanagan is one of the faster growing regions in BC, and its industrial base is concentrated along the Highway 97 corridor running from Kelowna through the airport lands into Winfield and Lake Country. The corridor puts a business minutes from Kelowna International Airport and UBC Okanagan without the land constraints of central Kelowna.
The pricing gap with the Lower Mainland is the headline. New industrial strata in Winfield is currently selling from $250 per square foot, a number that is difficult to replicate anywhere in Metro Vancouver, where modern industrial space leases at multiples of Okanagan rates. For owner-occupiers, that gap can mean owning in Kelowna for a comparable monthly cost to renting in Vancouver.
The market is smaller and less liquid than Metro Vancouver, which cuts both ways: less selection at any given moment, but real opportunity when new supply lands. Current comparables and early access to new projects matter more here, not less.
Who I Work With
Industrial brokerage in Kelowna, in practice.
Lower Mainland businesses expanding
Vancouver-area operators weighing a lease renewal against ownership or lower-cost space in the Okanagan. I put your current occupancy costs next to real Kelowna alternatives and run the numbers on both.
Okanagan owner-occupiers
Trades, light manufacturers, distributors, and service businesses buying or leasing warehouse space in Kelowna, Winfield, Lake Country, or West Kelowna, from a single bay to a full building.
Investors
Buyers looking at new small-bay industrial strata with a deep tenant pool in a growing region, at a basis well below Metro Vancouver replacement cost.
Coverage
Kelowna and the Central Okanagan corridor.
Kelowna
Winfield
Lake Country
North Kelowna
Rutland
West Kelowna
Airport corridor (YLW)
Vernon
My home market is Greater Vancouver, where I cover twelve industrial submarkets directly. If your requirement spans both regions, or you are comparing the Okanagan against Metro Vancouver industrial submarkets, I can work both sides of that decision. See the Vancouver commercial broker hub for my Lower Mainland coverage, or current Metro Vancouver industrial lease rates for the comparison baseline. The Kelowna submarket profile has the full market breakdown.
Services
What I can run for you in Kelowna.
Frequently Asked Questions
Kelowna industrial real estate, answered.
What does an industrial real estate broker do in Kelowna?
An industrial real estate broker in Kelowna represents buyers, sellers, tenants, and landlords in transactions involving warehouse, manufacturing, flex, and industrial strata property across the Central Okanagan. The work includes surfacing availability, building comparable data to inform pricing, structuring sale and lease terms, and coordinating zoning, environmental, and legal due diligence through closing. Because the Okanagan industrial market is smaller and less liquid than Metro Vancouver, current transaction data and direct developer relationships matter even more when setting price expectations.
What industrial space is currently available in Kelowna?
I am currently co-listing IntraUrban McCarthy, Building 2 at 9640 McCarthy Road in Winfield, with 13 brand new industrial strata units from 3,388 SF to 5,445 SF and a contiguous total of 46,741 SF. Units are available for sale from $847,000 ($250 per square foot) or for lease at an introductory rate of $10.00 PSF net in Year 1 on five-year terms, with immediate occupancy. Each unit has 28 foot clear height, a built-in concrete mezzanine, grade loading, and I2 General Industrial zoning. Contact me for the full brochure and floor plans, or to discuss other Kelowna availability.
How much does industrial strata cost in Kelowna?
Pricing varies with age, specification, and location, but new construction gives the clearest benchmark. At IntraUrban McCarthy in Winfield, brand new concrete industrial strata with 28 foot clear height and finished mezzanines is currently priced from $250 per square foot, which the developer positions below replacement cost. That is well below what comparable new small-bay industrial trades for in Metro Vancouver, which is a large part of why Lower Mainland owner-occupiers and investors are looking at the Okanagan.
What are industrial lease rates in Kelowna?
Rates depend on building age, clear height, loading, and location along the Highway 97 corridor. As a current data point, new industrial strata at IntraUrban McCarthy in Winfield is offered at an introductory rate of $10.00 PSF net in Year 1 for leases of five years or longer, plus additional rent of $6.64 PSF. For comparison, modern industrial space in Metro Vancouver typically leases well above that. I can pull current comparables for the specific size and specification you need.
Can you help a Lower Mainland business expand or relocate to Kelowna?
Yes. That corridor is a core part of my practice. I am based in Vancouver with NAI Commercial and work with businesses weighing Metro Vancouver lease renewals against ownership or lower-cost space in the Okanagan. Because I work both markets, I can put your current Vancouver occupancy costs next to real Kelowna alternatives, model the trade-offs on labour, logistics, and cost per square foot, and run the transaction at either end or both.
What zoning do I need for industrial property in Kelowna?
It depends on the municipality. The Central Okanagan splits industrial land across several jurisdictions, including the City of Kelowna, the District of Lake Country, and West Kelowna, each with its own industrial zones and permitted uses. IntraUrban McCarthy in Winfield, for example, is zoned I2 General Industrial under Lake Country, which suits light manufacturing, trades, distribution, service, and storage uses. Confirming that your intended use is permitted, and whether it needs a conditional approval, is one of the first things I check on any Okanagan requirement.
Get in Touch
Looking at industrial space
in Kelowna?
I can send the IntraUrban McCarthy brochure, strata plan, and floor plans, pull current Okanagan comparables, and arrange a tour at short notice.