Corbel Commercial

What Corbel Commercial does

Corbel Commercial Inc. is a privately held boutique commercial real estate brokerage founded in 2006 by Robert Tham and headquartered at 632 Citadel Parade in Vancouver, British Columbia. The firm specializes in the leasing and sales of retail, office, and industrial properties, with a focused geographic niche in Yaletown, Gastown, and peripheral Downtown Vancouver markets. Its service portfolio spans four core product categories: commercial property sales, commercial property leasing, investment property services, and development-site brokerage, with additional specialization in restaurant/retail and light industrial assets. Notable transactions include the $61.95 million Patricia Hotel sale and over $62 million in Railtown district sales, alongside a disclosed $250M+ cumulative transaction contribution from Senior Associate Broker Nathan Armour.

The firm operates a relationship-driven, sales-led go-to-market through a team of approximately six members: founder/Principal Robert Tham, Commercial Broker Marc Saul (joined 2007), Senior Associate Broker Nathan Armour, Brokerage Coordinator Denver Mendoza, Controller Sherrel Babu-Tham, and Senior Marketing Specialist Nicole Chan. Revenue is generated exclusively through transaction-based commissions negotiated per deal, with no subscription, retainer, or platform-based pricing. Customer base spans major Vancouver developers (Concord Pacific, BOSA Properties, Reliance Properties, Salient Group, Holborn Group, Renewal Partners), institutional/government clients (BC Housing Corporation), and hospitality operators (Kalido House Hotels). Marketing is conducted through the company website, property listings, and an email newsletter, with distribution handled entirely via direct broker engagement rather than intermediaries. The firm has no proprietary technology platform, no API surface, no AI capabilities, no disclosed funding, and no parent company or institutional investors.

Name

Corbel Commercial

Legal name

Corbel Commercial Inc.

Website

https://corbelcommercial.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Corbel Commercial is a Vancouver-based boutique commercial real estate brokerage founded in 2006, specializing in retail, office, and industrial property leasing and sales across Yaletown, Gastown, and Downtown Vancouver. It serves property owners, investors, developers, and tenants via a six-person broker team on a commission-based transaction model.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312)

akta.pro primary industry

Retail Brokerage (BPAJABAB)

Keywords

• Commercial real estate brokerage
• Commercial property leasing
• Commercial property sales
• Investment property services
• Development site brokerage

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations

Revenue model

1. Commercial Real Estate Brokerage: Commission-based real estate brokerage services for commercial property sales and leasing transactions, including retail, office, and industrial properties

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Corbel Commercial is a boutique commercial real estate brokerage that brokers the leasing and sale of retail, office, and industrial properties in Vancouver's Yaletown, Gastown, and peripheral Downtown districts. Services span commercial property sales, commercial property leasing, investment property advisory, and development site brokerage delivered by an in-house team of commercial brokers representing landlords, tenants, purchasers, and vendors.

Product overview

Corbel Commercial is a boutique commercial real estate brokerage firm that operates as a single unified service offering rather than a platform-based architecture. The company provides commercial property sales and leasing services across four core product categories: Commercial Property Sales, Commercial Property Leasing, Investment Property Services, and Development Site Brokerage. These services are delivered through a team of brokers who specialize in specific property types including retail, office, industrial, and mixed-use properties. The company focuses on Vancouver's Yaletown, Gastown, and peripheral Downtown Vancouver markets, and maintains listings for properties categorized as Building, Business, Development Site, Investment, Live/Work, Mixed Use, Office, Office Building, Restaurant, and Retail.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Sales Brokerage services for buying and selling retail, office, and industrial commercial properties in Vancouver's Yaletown, Gastown, and Downtown markets. Targeted at commercial property owners, investors, and developers seeking to dispose of or acquire assets.
• Commercial Property Leasing Brokerage services for leasing retail, office, and industrial commercial spaces to tenants. Targeted at landlords seeking qualified tenants and corporate tenants or hospitality operators seeking leased premises.
• Investment Property Services Investment advisory and brokerage for income-generating commercial properties, including portfolio management and redevelopment opportunities. Targeted at commercial real estate investors and developer clients.
• Development Site Brokerage Specialized brokerage services for development sites and redevelopment opportunities in Vancouver's urban core, including zoning and assembly considerations. Targeted at real estate developers seeking Vancouver infill and redevelopment projects.
• Industrial Property Services Brokerage services for the leasing and sale of light industrial, warehouse, and manufacturing spaces in Vancouver's peripheral Downtown markets. Targeted at industrial tenants, owners, and investors.
• Restaurant and Retail Property Services Specialized commercial real estate services for restaurant and retail tenants and landlords in Vancouver's commercial districts (Yaletown, Gastown, Downtown). Targeted at restaurant operators, retail tenants, and retail landlords.

Quantifiable outcome

• Over $62 million in Railtown sales volume
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Kalido House HotelsminorOthersKalido House Hotels currently operates Block House boutique hotel at 211 Columbia Street in Gastown, a heritage property that Corbel Commercial facilitated the sale of. The property features 19 self-contained suites with premium Italian-designed kitchens for short and extended-stay accommodation.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Avison Young: Mid-major CRE services firm with a sizable Vancouver office covering leasing, investment sales and capital markets. Competes with Corbel for downtown Vancouver assignments and developer relationships.
• Cushman & Wakefield: Global CRE services firm with Vancouver operations covering office, retail and industrial leasing and investment sales. Competes with Corbel for mid- to large-cap transactions in downtown submarkets.
• Marcus & Millichap: U.S.-headquartered CRE investment sales firm expanding into Canada. While focused on investment property sales (an area Corbel also serves), it operates at much larger scale and a national investment-sales platform.
• JLL (Jones Lang LaSalle): Global real estate services firm with a Vancouver presence spanning capital markets, leasing and investment advisory. Competes for institutional and developer mandates in downtown Vancouver, though at significantly larger scale.
• Colliers International: Major global CRE services firm operating in Vancouver across brokerage, investment sales and project management. Competes with Corbel for retail, office and industrial assignments, particularly with developer clients such as Concord Pacific.
• CBRE Group: Global commercial real estate services firm with a Vancouver office offering brokerage, capital markets and advisory across all major property types. Directly competes with Corbel for downtown Vancouver mandates but at much greater scale and with a full institutional platform.

Direct peers

• Re/Max Commercial (Crestside Real Estate): Commercial real estate arm of Re/Max serving the Lower Mainland with sales and leasing across retail, office and industrial. Competes with Corbel for Vancouver mid-market and small-cap transactions.
• NAI Commercial: Vancouver-area commercial real estate brokerage providing sales, leasing and investment services across office, retail, industrial and land. Comparable boutique-style local brokerage competing for similar mandates in Metro Vancouver.
• Lee & Associates Vancouver: Commercial real estate brokerage operating in the Vancouver market focused on leasing, sales and tenant/landlord representation. Similar boutique profile and transaction-based revenue model to Corbel.
• Macdonald Commercial (Macdonald Realty): Vancouver-based brokerage with a dedicated commercial division handling sales and leasing of retail, office and industrial properties. Most directly comparable in scale and local-market focus to Corbel.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/corbelcres

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corbel Commercial