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2018 | BOMA BC LEASING GUIDE | COMMERCIAL REAL ESTATE

OFFICE SPACE NEXT PEAKS as new wave towers into Vancouver

SHARED SPACE MIXED-USE MANAGEMENT PROACTIVE SECURITY

RICK HANSEN’S CHECKLIST FOR ACCESSIBLE OFFICE BUILDINGS OFFICIAL OFFICI CIIALL PUBLICATION P LICAT PU PUB

PUBLISHED BY

British Columbia Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

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CAC ON STRATA

ECONOMIC IMPACT

RICHMOND REBOUND

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Avison Young is proud to have transacted

16 of the Top 50 Deals in BC in 2017 Learn more about how Avison Young can help you achieve your real estate objectives today. www.avisonyoung.com

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2018-05-17 3:06 PM


CONTENTS 2018 | BOMA BC LEASING GUIDE | COMMERCIAL REAL ESTATE

OFFICE SPACE NEXT PEAKS as new wave towers into Vancouver

SHARED SPACE MIXED-USE MANAGEMENT PROACTIVE SECURITY

RICK HANSEN’S CHECKLIST FOR ACCESSIBLE OFFICE BUILDINGS OFFICIAL CIAL IAL PUBLICATION PU PUBLICAT PUB

PUBLISHED BY

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

CAC ON STRATA

ECONOMIC IMPACT

RICHMOND REBOUND

OFFICIAL PUBLICATION

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

24

PUBLISHER: Sue Belisle EDITOR-IN-CHIEF, BUSINESS IN VANCOUVER; VICE-PRESIDENT, GLACIER MEDIA:

SHARED SPACE Co-working providers are changing how tenants lease space COLUMN

Davis—28

COLUMN

Fluegel—36

FEATURES The next peaks Economic impact of the office sector Shared space Accessible by design Richmond rebound Mixed-use management Moving target

18 22 24 30 38 42 44

EDITOR’S LETTER

6

BOARD OF DIRECTORS

8

SPONSORS

8

BRIEFS

10, 12–16

INFOGRAPHICS B.C.’s BIGGEST Security companies Commercial property managers Commercial real estate brokerages DIRECTORIES Office buildings Industrial/office parks

17 47 48 50 51 62

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Office Space 2018 is published by BIV Magazines, a division of BIV Media Group, 303 Fifth Avenue West, Vancouver, B.C. V5Y 1J6, 604-688-2398, fax 604-688-1963, biv.com. Copyright 2018 Business in Vancouver Magazines. All rights reserved. No part of this book may be reproduced in any form or incorporated into any information retrieval system without permission of BIV Magazines. The list of services provided in this publication is not necessarily a complete list of all such services available in Vancouver, B.C. The publishers are not responsible in whole or in part for any errors or omissions in this publication. ISSN 1205-5662 Publications Mail Agreement No. 40069240. Registration No. 8876. Return undeliverable Canadian addresses to Circulation Department: 303 Fifth Avenue West, Vancouver, B.C. V5Y 1J6 Email: subscribe@biv.com

ACCESSIBLE BY DESIGN Rick Hansen Foundation has developed a checklist as a “road map for change”

Kirk LaPointe EDITOR: Frank O’Brien DESIGN: Randy Pearsall PRODUCTION: Rob Benac WRITERS: Patrick Blennerhassett, Pat Johnson, Peter Mitham, Tyler Nyquvest, Frank O’Brien, Yvonne Zacharias PROOFREADER: Meg Yamamoto INTEGRATED SALES MANAGERS: Pia Huynh, Laura Torrance, Chris Wilson ADVERTISING SALES: Benita Bajwa, Dean Hargrave, Blair Johnston, Corinne Tkachuk NATIONAL SALES: Shirley Moody OPERATIONS MANAGER: Michelle Myers ADMINISTRATORS: Katherine Butler, Marie Pearsall RESEARCH: Anna Liczmanska, Carrie Schmidt

38

RICHMOND REBOUND

Cover: Vancouver Centre 2: rendering of new 33-storey downtown office tower Cover courtesy: GWL Realty Advisors PRODUCED BY

Dormant for 10 years, municipality will see 440,000 square feet of offices built by 2020

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Editor’s letter

SHAPE-SHIFTING OFFICE SECTOR DEFINES INTELLIGENT DESIGN

M Frank O’Brien Editor

STEPHEN HAWKING Intelligence is the ability to adapt to change

and century-old manufacturing sites in Railtown and Gastown are all being reborn as co-operative office work spaces under the Regus, Spaces and WeWork banners. Another shape-shifting signal is the growth in the office strata sector that suddenly has traditional office developers rewriting pro formas. One downtown office tower, still not built, has already sold out 150,000 square feet of its space at more than $2,000 per square foot, an all-time record. It is not uncommon for new office shell space to sell for more than $1,200 per square foot in both Vancouver and Burnaby. Richmond’s robust rebound in office development will be led by strata projects. This is a clear sign that the definition of an office investor in Metro Vancouver has shifted forever. It also gives credence to a recent forecast that lease rates for new downtown office space could reach an unprecedented $75 per square foot this year. If, as the late Stephen Hawking said, intelligence is the ability to adapt to change, Metro Vancouver may have the smartest office sector in the country. Welcome to the 2018 issue of Office Space as we strive to keep up with a rapidly shifting industry. É

etro Vancouver now has one of the hottest office sectors in North America by nearly any measure, from the tight downtown vacancy rate to new construction to what investors are willing to pay to get a square foot in the door. Yet it is the new flexibility of office space that perhaps best defines how local office developers and tenants are riding a fresh wave of prosperity in a sector that is worth $850 million to British Columbia’s gross domestic product. Increasingly, Metro Vancouver office buildings are shape-shifting to meet contemporary needs, transforming both modern office towers and aging retail and industrial space into agile office environments. One need only visit top floors at the Bentall 2 tower in Vancouver, where startling startup WeWork has carved out shared glass-walled office space for a number of high-tech and other tenants. Started just eight years ago, WeWork now manages 10 million square feet of office space, including more than 250,000 square feet in Metro Vancouver. Historic office buildings in downtown Vancouver, the venerable Tom Lee music store on Granville Street

5

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Edmonton Office Suite 101, 18220 105 Avenue NW Edmonton, AB T5S 2R5 Tel: 780.487.1830 Fax: 780.487.1876

Calgary Office Suite 6, 3300 14th Avenue NE Calgary, AB T2A 6J4 Tel: 403.252.9193 Fax: 403.252.4707

Toronto Office Suite 108, 40 Wynford Drive North York, ON M3C 1J5 Tel: 416.461.8748 Fax: 416.461.1294

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

British Columbia

THE BUILDING OWNERS AND MANAGERS ASSOCIATION

2018-19 BOARD OF DIRECTORS

2018 BOMA CORPORATE SPONSORS Platinum

OFFICERS

Mott Electric

BOMA BC CHAIR Greg Last

TREASURER Natalie Bishop

Vice-president, property management, Triovest Realty Advisors (BC) Inc.

General manager, Shon Group Realty

VICE-CHAIR Lillian Tummonds

PAST CHAIR Susan Dodsworth National director of operations, BGIS

General manager, Pacific Centre (Complex) and HSBC Building, Cadillac Fairview Corp. Ltd.

PRESIDENT, BOMA BC Paul LaBranche

Gold GDI Integrated Facility Services BFL Canada Insurance Services Inc.

DIRECTORS John Board (BOMA Victoria chair) Branch manager, Kone Inc. Oskar Kwieton Director of facilities, Shape Property Management Richard Lui Vice-president, real estate western region, Polaris Realty (Canada) Ltd. Sylvie Mercier Principal, Read Jones Christoffersen Ltd. Claude Nobauer President, Control Solutions Ltd.

Cadillac Fairview Corporation Marc Ricou Senior vice-president, development acquisitions, QuadReal Property Group Warren Smithies Senior vice-president, Martello Property Services Inc. James Spooner Operations manager, mechanical engineering division, Pinchin Ltd. Isaac Zadka Senior vice-president, B.U.K. Investments Ltd.

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Briefs

Salute to Paul LaBranche

P

aul LaBranche retires as president of the Building Owners and Managers Association of British Columbia (BOMA BC) this year after a proactive, 25-year career that was hugely instrumental in shaping BOMA BC into a progressive, international force in commercial real estate. In the mid-1990s LaBranche’s early leadership established BOMA BC as a respected voice in negotiations with municipal and provincial governments on issues from labour to taxation to energy policy. This not only saved BOMA BC members millions of dollars but earned the organization an independent stance. In 1995, before most had awoken to the issue, LaBranche led his BOMA BC team in establishing BOMA BC environmental building certification. Launched as BOMA Go Green in 2003, the award-winning program was

CBRE completes first certified WELL office

C

BRE has become the first office space in Vancouver to be awarded WELL Building Standard certification, a new building benchmark that measures the impact of office design on the health and wellness of employees. Proximity to natural light, ergonomic sit-stand desks and air quality are among the 100 features of the certification. Located at 1021 West Hastings Street, CBRE Vancouver is the first multi-floor certification in Canada, occupying four floors of Oxford Properties’ MNP Tower. “We’re incredibly proud to have achieved the first multi-floor tenant WELL building certification in Canada. We [are] creating one of the healthiest workplaces in the country,” says Mark Renzoni, president and CEO of CBRE Canada.

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soon adopted by BOMA Canada as BOMA BEST, the national standard for environmental stewardship and performance measurement. Other highlights of LaBranche’s career include the BOMA BC online energy certification training; the BOMA e-Energy Training program that is now licensed across Canada, the U.S. and China; and the BOMA Alert program that streamlined city and industry communication in the event of a natural disaster or emergency. During all this time, LaBranche remained a tireless communicator and crusader for the rights and responsibilities of BOMA BC members. Henry Chamberlain, Washington, D.C.-based president and CEO of BOMA International, recalls LaBranche’s “passion” for BOMA. “Paul made us all better by challenging the status quo, and fighting for what he thinks is best for the

association. He has raised the bar for all of us.” “Paul is one of the best and brightest association managers within the BOMA enterprise. He is an entrepreneurial thinker who brings forward innovative ideas that work. BOMA is better today because of Paul’s contributions and ideas,” says Rod Kauffman, president of BOMA Seattle King County. “The best thing about Paul is his being ahead of the curve when predicting future trends or accessing government support. He was always quick with a joke, but equally quick to be of help,” says Dean Karakasis, executive director of BOMA Ottawa. “It has been my absolute pleasure to work alongside Paul for many years but most recently as BOMA BC’s chair,” adds Susan Dodsworth, national director of operations for BGIS. “Paul has been instrumental in initiating

and completing many programs benefiting our membership.” LaBranche may be retiring from BOMA BC but his legacy and – the entire commercial real estate industry hopes –` his consultation will continue for many years.

CBRE is responsible for four of the first 10 projects in Canada to register for WELL Building Standard certification. In order to receive WELL building certification, CBRE’s Vancouver office was assessed, monitored and tested across seven wellness categories: air, water, nourishment, light, fitness, comfort and mind. The office space was designed to incorporate over 100 wellness features including: improved indoor air quality; access to natural light with every employee seated within 25 feet of a window; white-noise diodes installed to dampen background noise; and a central lunchroom that encourages staff to take a break from their desks to eat together. “Given that most Canadians spend over half of their waking hours in an office, employers can

have a sizable impact on their employees’ health by focusing on wellness in the workplace,” says Loren Bergmann, managing director of workplace strategy, Western Canada, at CBRE Canada. “There is a sound business case for

investing in a workplace that embraces a human-centric approach to office design. When you design an office space with employee wellness in mind, you’re impacting 100 per cent of the people who work in that space.”

2018-05-17 3:07 PM


The Spencer Building wins Heritage BC’s Recognition Award for Heritage Conservation Originally built to house Spencer’s department store, the Spencer Building’s mixed gothic revival and art deco exterior has been part of the West Hastings streetscape since 1928. For the past four years, a talented team of engineers, masons and restorers have been working tirelessly to preserve the exterior of this local architectural gem for future generations. Their hard work and expertise has been recognized with this award from Heritage BC. We would like to thank our tenants for their support during this project as well as RDH Building Science and Van den Kerkhof & Son Masonry for making this restoration the award-winning success that it is.

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Briefs

Amazon nabs post office space

A Vancouver to Seattle in less than an hour seen as possible | SUBMITTED

Vancouver-Seattle fast train eyed

T

he B.C. government will spend $300,000 to study various options for high-speed transportation linking Seattle and Vancouver. Washington state has approved funding for up to US$1.2 million toward the study. The various options to link Vancouver, Seattle and Portland cost between US$24 billion and US$42 billion and could attract around 1.8 million riders per year, according to studies. The trip from Vancouver to Seattle could take less than an hour.

Aside from the maglev option, which could transport people at speeds of up to 600 kilometres per hour as the train is suspended in the air by magnets, there is also an option for highspeed rail, and a hyperloop option, where people are shuttled through a tunnel using vacuum technology. “We are open to multiple technologies,” said Washington Gov. Jay Inslee, while standing beside B.C. Premier John Horgan at a Vancouver press conference. The expectation is that the business-case study would be complete in 2019.

mazon has taken 416,000 square feet at the site of the vacant Vancouver post office, which QuadReal is developing into a large mixed-use project. Amazon’s lease will account for 35 per cent of the 1.13 million square feet of office space in the Post development on West Georgia Street on the eastern edge of downtown. Amazon’s expansion will see its B.C. workforce swell to more than 5,000. The Post space will be the tech and retail giant’s third major office downtown, where it currently employs more than 1,000 researchers and engineers. The Post, to complete in 2023, is “one of the most ambitious heritage redevelopments in Canada’s history,” says Remco Daal, president, Canadian real estate, for QuadReal. It will also offer the largest column-free floor plans

Rendering of the Post interior | QUADREAL

in downtown Vancouver. Amazon’s current Vancouver offices are located at Telus Garden, with an additional announcement last November of pre-leasing the entire 147,000 square feet in the new Oxford Properties tower at 402 Dunsmuir Street, which opens in 2020. Amazon spokesman Adam Sedo says the company also leases more than 80,000 square feet through WeWork in the Bentall Centre.

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Brace for the SUI impact

I

n May 2018 City of Vancouver staff presented their single-useitem (SUI) reduction strategy to council. The strategy is part of the city’s Zero Waste 2040 plan. Council has instructed staff to consider regulatory options for disposable cups, plastic and paper shopping bags, polystyrene foam, disposable straws and utensils and takeout containers. In the short term, the strategy would require businesses to start creating SUI reduction plans. This could include charging clients for using bags, cups or other containers, or offering an incentive if clients bring their own. Future plans include requiring office buildings to have plans for collection and recycling of single use items similar to what currently exists for residential buildings.

According to the city, it costs Vancouver taxpayers about $2.5 million per year to collect SUIs from public waste bins. “The city could require that offices and commercial buildings add single-use items to their existing in-house recycling programs,” a city report states. BOMA BC spokeswoman Jennifer Davis says that although the BOMA BEST program is concerned with environmental standards, it doesn’t dictate specific details of what should be recycled. “As for the city’s plan, office buildings have to contract independent, commercial pickup of garbage and recycling,” says Davis. “Unlike residential, the city does not pick up for commercial buildings. Depending upon who the contracted hauler is, they will provide various bins according to

KANITTHA BOON

how their recycling streams are sorted and by which recycling/ composting plant they take their goods to. That said, buildings still

need to be compliant with any local bylaws so they will work with their hauler to provide the bins and any necessary messaging.”

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MAINTENANCE s MODERNIZATIONS s REPAIRS

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Briefs

Hotel blends with office space

A

four-star boutique hotel is emerging within the Exchange – the 31-storey, 372,000-squarefoot AAA office tower being developed from the old Vancouver Stock Exchange building on Howe Street. Vancouver-based Executive Hotels and Resorts plans to open the EXchange Hotel in July, occupying the first 11 floors, including the 1906 heritage portion of the building. Credit Suisse, which is developing the office tower, had not originally envisioned a hospitality component. “The company had intended it to be a full office building and then decided to have a shift,” says Roland Monteiro, general manager of the EXchange Hotel. “Salim [Sayani], our owner and CEO, had a talk with them and negotiated

a deal to have the first 11 floors become a hotel and keep the heritage.” The EXchange will be the flagship of Executive Hotels and Resorts, which has been aiming to supplement its primarily business clientele with a broader attraction to the leisure traveller. It has also gone international, with new properties in downtown Seattle, San Francisco’s Union Square and in midtown Manhattan. The EXchange Hotel will retain the facade of the original stock exchange building and its century-old main lobby. A hotel lobby will anchor the second floor, with a café and wine bar, restaurant and bistro. A club floor will top the 202-room hotel. Each room will be unique, says Monteiro, because the building’s rooms are of varying sizes. Custom-made furnishings and

EXECUTIVE HOTELS AND RESORTS

millwork will combine with Italian marble to create what Monteiro calls a “chic and sophisticated modern twist on the heritage look of the building.” While there is a great emphasis on the design and style of the new hotel, Monteiro says the real

differentiator will be the people. Its distinguishing features will be “warm accommodating service, exceeding expectations.” A motto on Monteiro’s desk may sum up the service attitude: “Build a team so strong you don’t know who the boss is.”

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Office strata sets record price

B

osa Development has set an office strata price record in downtown Vancouver with the pre-sale of half of its Waterfront Centre at an average of more than $2,000 per square foot. Bosa confirmed that half of the 355,000-square-foot, 30-storey tower at 320 Granville sold with Bosa retaining the top 15 floors for future office leasing. The majority sold in three hectic days during the second week of November 2017, though a few remaining spaces took a couple of extra days to finalize. Office sizes ranged from 598 square feet to full floors. Bosa reported that 95 per cent of the buyers were local, including a West Vancouver investor who bought an entire floor, 9,000 square feet. The office space sold for an average of “just over $2,000 per square foot,” according to Bosa. The tower will complete in 2021.

The selling price stunned commercial agents. “These prices are record-breaking, even record-shattering,” says Aaron Ulinder, a senior partner in CBRE commercial real estate. As is common in office strata, the owner is responsible for finishing the concrete shell of the space, which can cost up to $180 per square foot for Class AAA offices. It is believed the sales success of Bosa Waterfront Centre will have other office developers rewriting their pro formas. Bosa Development executive vice-president Richard Weir argues that Waterfront Centre’s strata prices simply represent its unique market value. “When you have an AAA office building at a prime location directly across from the transit hub for Metro Vancouver, waterfront views, world-class architecture and amenities – the project and demand for it are truly unique in

Bosa Waterfront Centre will open in 2021 | KOHN PEDERSEN FOX

the market. You literally will not find another site like it,” he says. Vancouver’s downtown office vacancy has dropped to around

seven per cent, the lowest it has been since 2013 and far below what it was at the start of 2016, according to Avison Young.

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Briefs

City tower among Canada’s greenest

C

ommerce Place, a 21-storey, 227,000-square-foot office tower at 400 Burrard Street in Vancouver, has been named among the most improved energy-performing buildings in Canada. The QuadReal tower, which has a LEED (Leadership in Energy and Environmental Design) Gold rating from the Canada Green Building Council and a BOMA BEST Level 3 certification from BOMA BC, took its latest honours from Corporate Knights as among the three most improved buildings in the country. Corporate Knights cited a 26 per cent reduction in energy use over a recent three-year period for the 33-year-old tower.

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Commerce Place also posted a 19 per cent reduction in greenhouse gas emissions, and the building’s waste diversion program exceeds the LEED baseline by 20 per cent. This program diverts 77 per cent, or 109 tonnes, of waste away from landfills each year. Commerce Place is considered more energy efficient than 82 per cent of commercial office buildings of similar use and size, as benchmarked by Energy Star. For an older office tower to achieve this level of performance is testament that dramatic energy and environmental upgrades can be retrofitted into older projects. B.C. buildings in fact took two of the three Corporate Knights honours for most improved office

Commerce Place | SUBMITTED

towers in Canada: the 12-year-old, 105,000-square-foot Upper Harbour Place 2 in Victoria, by GMC Projects Inc., which achieved a 20 per cent energy reduction, was the other B.C. building. Burnaby’s Deer Lake Centre 2, a 117,000-square-foot complex owned by the City of Burnaby, was

named among the seven greenest buildings in Canada, with an Energy Star score of 92 per cent, according to Corporate Knights. Toronto-based Corporate Knights is a media, research and financial information products company focused on “clean capitalism.”

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FIVE-YEAR DOWNTOWN OFFICE VACANCY AND ABSORPTION

2017 B.C. COMMERCIAL REAL ESTATE INVESTMENT SALES Transactions greater than $5 million

1,101,041 9.3% 7.2%

6.8%

$1.2b

7.1% 6.0%

397,909 200,811

222,873

2017

2018 forecast

$2.6b

Industrial 16%

Office 36%

-304,385 2014

2015

2016

Vacancy rate

$3.6b

Absorption (square feet)

2018 Forecast: 12-month projection based on 10-year average absorption and known net absorption in new inventory. Note: The vacancy rate defines the total amount of vacant head lease and sublease office space available for lease at a specified period in time.

Retail 48%

DOWNTOWN VANCOUVER: NET RENTAL LEASE RATES Class

Total rentable (square feet)

Total vacancy (per cent)

Average net rental* (per square foot)

AAA

4.98 million

8.2%

$30-$50

8.1 million

6.7%

$25-$45

A B

6.71 million

6%

$22-$35

C

3.14 million

8.3%

$18-$28

22.94 million

7.1%

Total

*NET RENTAL (LEASE) RATE DOES NOT INCLUDE GROSS OCCUPANCY COSTS

METRO VANCOUVER OUTLIER OFFICE PERFORMANCE District

Total inventory (square feet)

Vacancy rate

Absorption 2017 (square feet)

Yaletown

2.04 million

4.2%

52,735

Vancouver-Broadway

6.58 million

5.9%

425,059

Burnaby

9.25 million

9%

323,759

Richmond

4.21 million

9.8%

37,554

Surrey

2.9 million

10.1%

177,793

North Shore

1.45 million

12.9%

-733

1.68 million

16.6%

6,678

New Westminster

Note: The absorption rate is the amount of space leased relative to the amount returned to the market during a set period of time

ALL INFORMATION COURTESY OF AVISON YOUNG, VANCOUVER

Learn more about how Avison Young can help you achieve your real estate objectives today www.avisonyoung.com

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

THE

NEXT PEAKS

More than two million square feet of new office space to tower into Vancouver’s skyline by 2021

PATRICK BLENNERHASSETT

GEOFF HEU VICE-PRESIDENT, DEVELOPMENT, GWL REALTY ADVISORS

The vacancy rate is the lowest in Canada and the second lowest in North America; it’s a 14-year low. It’s going to encourage developers to bring on their new projects

00_Office Space 2018_01 2.indd 18

A

wave of new square footage is set to hit downtown Vancouver’s core, potentially quenching the lowest office vacancy rate in Canada. According to Avison Young’s 2017 Year-End Office Market Report for Metro Vancouver, vacancy rates ended last year at 7.1 per cent.

This was a 30-basis-point rise from 6.8 per cent at midyear 2017, due primarily to the addition of 252,000 square feet of vacant office space at the Exchange that came online in the fourth quarter. While approximately 85,000 square feet of the office space has been pre-leased in the Exchange, the tenants (National Bank, Hyperwallet Systems, Smythe LLP and Sovereign Insurance) will not occupy until mid- to late 2018 at the earlies,t according to Avison Young.

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An additional 2.1 million square feet is set to hit the downtown market by 2021, including the Offices at Burrard Place (146,375 square feet), 400 West Georgia Street (350,000 square feet), 725 and 731 Homer Street (353,000 square feet) and Vancouver Centre 2 (368,115 square feet). The next downtown development cycle will start in 2020 with the addition of 710,000 square feet in three new office towers as well as smaller projects in Railtown and Gastown.

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TOP AND INSET:

Work progresses

on Oxford Properties 402 Dunsmuir: Amazon has already taken the entire building, 147,000 square feet, in Vancouver’s biggest office lease deal of 2017 | CHUNG CHOW/RENDERING, ABOVE: BRICK VISUAL/B+H ARCHITECTS

2018-05-22 9:54 AM


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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

The next wave

Vancouver Centre 2, a 33-storey office tower currently in development at 753 Seymour Street, will encompass 371,000 square feet and is slated to open in the summer of 2021. The building is the next phase of the Vancouver Centre complex, which includes Scotia Tower and Vancouver Centre Mall. Two of the most notable leasing deals of last year included co-working companies. The first was Spaces at 939 Granville Street, which grabbed 67,000 square feet, and WeWork, which took six floors at Bentall 2. Heu says the co-working space boom is something they took into account when laying out the office space for Vancouver Centre 2. “[Co-working companies] are some of the type of tenants that we are considering for our project,” he says. “The design is set up to appeal to a broad market, and some of that includes the format for co-working spaces.” GIANT MOVES Q The biggest lease deal to be finalized

Vancouver Centre 2: a 33-storey office tower encompassing 371,000 square feet opens in the summer of 2021 | SUBMITTED

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Avison Young says this cycle will continue to 2021 with 650,000 square feet of space in three additional downtown towers. Geoff Heu, vice-president of development, GWL Realty Advisors, and head of the leasing team for Vancouver Centre 2, could not confirm any lease agreements with major companies. However, he notes GWL is in talks with tenants from a variety of industries including tech, finance and some co-working companies.

in 2017 was tech giant Amazon taking up 147,000 square feet of space at 402 Dunsmuir Street. Heu says this sent a message to the industry that big players and major international online and tech companies are seriously considering Vancouver when it comes to office space. “The vacancy rate is the lowest in Canada and the second lowest in North America; it’s a 14-year low. It’s going to encourage developers to bring on their new projects,” he says. “And because of the tightness of the market and some of the demand from the tech companies, there is obviously a growing image of [downtown Vancouver] being a tech hub.” Heu notes that until all the new square footage hits the market, upward pressure will continue on leasing rates. “Rents will have to come up,” he adds, stating “there continues to be a backlog when it comes to the permitting process” with the City of Vancouver, and that increases construction costs. Robin Buntain, principal for office leasing sales and leasing tenant representation for Avison Young, says office space will remain highly competitive in downtown Vancouver given its geographical tightness and inability to fan out. Last year marked the third straight year of positive annual absorption recorded in the downtown core, according to Avison Young, after a 2015 peak of 1.1 million square feet. This was the highest annual absorption recorded in downtown since Avison Young started tracking the market in 1996, and absorption has remained positive but dropped in each subsequent year. “A tightening of vacancy and lack of product is definitely something we’ll see unless there’s a hiccup in the economy in the immediate future,” Buntain says. He adds the new wave of construction may provide “a little bit of relief.” T he City of Vancouver says it has approved approximately 8.2 million square feet of office space in the downtown core since council adopted the Metropolitan Core Jobs and Economy Land Use Plan in 2009. É

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

ECONOMIC IMPACT OF THE OFFICE SECTOR

Office properties have an $850 million impact on the B.C. economy annually, including generating more than 10,000 jobs

FRANK O’BRIEN

Vancouver’s office sector covers more than 52 million square feet and contributes $850 million annually to the provincial economy | CHUNG CHOW

T

he economic scale of British Columbia’s commercial real estate sector was known to be massive, but when BOMA BC commissioned Deloitte to dig down into the numbers, the findings likely surprised even industry veterans. Based on a period of from 2013 to 2016, Deloitte discovered that B.C.’s commercial real estate sector generates an estimated $3.05 billion in total gross domestic product (GDP), total full-time employment of 39,950 and total labour impacts of nearly $2.18 billion a year. This ranks the commercial real estate sector among the top industries in the province, based on GDP contribution and job creation. Also, in 2016 alone, the commercial real estate sector was responsible for approximately $1.35 billion in property taxes in Metro Vancouver and Greater Victoria. The City of Vancouver itself received approximately $19.8 million in development charges alone that year. “B.C.’s commercial real estate sector supports and accommodates B.C.’s significant commercial employment base, while generating extensive direct and indirect economic impacts throughout the life cycle of development, construction, fit-out, operations and transactions of such properties,” the report notes. Beyond the direct and indirect economic impacts, commercial real estate provides important structuring impacts on the B.C. economy, including provision of enabling infrastructure, support of a diverse supplier base, attraction and development of talent with transferable skill sets, innovation and technology diffusion, and attraction of foreign direct investment, Deloitte adds.The report found that the office sector plays an oversized role in the impact of commercial real estate

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Commercial real estate impact Total GDP (2016)

All commercial real estate $3.05 billion Light industrial $1.5 billion

Office sector $850 million

(48.3%)

(27.4%)

Retail sector $654 million (21%) SOURCE: DELOITTE & TOUCHE LLP, ECONOMIC IMPACT OF B.C.’S COMMERCIAL REAL ESTATE SECTOR

activity on the provincial economy. Total development, construction, fit-out, operations and sales transactions related to the office sector contribute $850 million to the GDP of B.C., support 10,150 full-time jobs and provide labour income of $581 million. And this, Deloitte notes, is only for Metro Vancouver and Greater Victoria and excludes the rest of the province. “Therefore our estimates [of the total provincial impact] are conservative,” the auditor notes. As of 2016, the study found that Metro Vancouver had a total inventory of 52.46 million square feet of office

space, while Victoria had 7.78 million square feet. The operation of office properties in Vancouver and Victoria resulted in more than $509 million in 2016 expenditures on utilities, maintenance and repair, administration, property management and other professional services. This is a very big business that should not be ignored. As Deloitte concludes, “British Columbia business leaders and government officials should effectively engage with the local commercial real estate community to ensure that appropriate decisions are made to effectively support and meet the needs of this very important sector.” É

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

SHARED SPACE Co-working providers are changing how tenants lease space

PETER MITHAM

COLIN SCARLETT EXECUTIVE VICEPRESIDENT, COLLIERS INTERNATIONAL

Vancouver is a phenomenal co-working market

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C

o-working space has been available in Vancouver for more than a decade, but the past two years have seen providers reshape the local office market with new options that – depending on your perspective – constitute either a new source of demand or an innovative source of supply.

WeWork Cos. Inc. now claims 261,000 square feet in downtown Vancouver, while Jersey-based IWG PLC (IWG stands for International Workplace Group) has 446,000 square feet across Metro Vancouver under the Regus banner and Spaces, which opens at 151 West Hastings Street this summer. “You’re going to see an aspirational club lounge, you’re going to see really nice build-outs – a lot of glass in the offices versus drywall – a large assortment and collection of different-sized offices and team rooms just to accommodate a healthy array of types of companies,” says Wayne Berger, executive vice-presidentwith IWG, who oversees its Canadian operations. The space will be 35,000 square feet and will be followed by 80,000 square feet in the former Tom Lee music store on Granville Street in October. Compared with the

size of a typical Regus location, which runs 18,000 to 25,000 square feet, they’re massive but dynamic. “We wanted to find the right, strategic locations both within the right neighbourhoods as well as in the right buildings,” Berger says. “The size gives us an opportunity to build a really vibrant ecosystem within the building.” The locations will reflect their particular environments: memorabilia from the Tom Lee store will be part of the decor, while a local coffee roaster appropriate to the area will supply the Gastown location and another planned for Great Northern Way. “We’re also looking at additional amenities as well that help support the members in that real live-workplay environment, whether it’s fitness facilities, other types of amenities, directly in that space,” Berger says.

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The locally integrated workspaces fit not only dense urban environments, but also a mobile, decentralized population. The immediate success of the 2016 launch of Regus in Port Moody underscores the need for flexible office space even in suburban locations, thanks to the large percentage of people now engaged in contract work and non-traditional desk jobs. This is especially true in Metro Vancouver, which prides itself on a free-spirited culture of innovation. “Vancouver is a phenomenal co-working market,” says Colin Scarlett, an executive vice-president with Colliers International who is working with IWG to find new locations. “We’re a branch-office town, we’re not a head-office town, and as a result we’ve got a tremendous number of entrepreneurs trying to find really interesting space.” Co-working providers are meeting the need with dynamic, finished space that removes the hassle small companies often face when they’re trying to accommodate shifting space requirements. “Spaces will be a vehicle for people to occupy expansion space and just space period as we have a run-up to the new construction cycle,” says Scarlett, who is working with Spaces. “Somebody needs to be a provider of new

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Spaces opens at 151 West Hastings Street this summer with 35,000 square feet of shared space. “Really nice build-outs” and a large assortment of different-sized offices and team rooms are promised | CHUNG CHOW Wayne Berger, executive vice-president with IWG, who oversees its Canadian operation: “we wanted to find the right, strategic locations” | CHUNG CHOW

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Shared space

ABOVE: WeWork office space

retrofitted into the Bentall 3 tower in Vancouver: glasswalled offices ideal for startups but can be easily expanded | CHUNG CHOW RIGHT: Staffer Novy Dhillon at

LBC Studios in a WeWork coworking space in a Vancouver office tower | CHUNG CHOW

space on a shorter- or medium-term basis, and a company like Spaces is going to win as a part of it.” Berger says this can be good for traditional landlords, adding vibrancy to a building. “Today, a co-working model like a Spaces or Regus is considered an amenity to the building,” he says. “It attracts people and attracts other tenants to the building.” TENANT “TONE” Q Ross Moore, senior vice-presi-

dent in the Vancouver office of tenant representation firm Cresa Global Inc., isn’t so sure. While traditional

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office space is incorporating elements of the co-working environment, many landlords aren’t embracing it completely, he says. “Don’t underestimate how concerned the landlords are about the tenant profile, because once a building has a reputation, it’s hard to change,” Moore says. “You want to set the tone early on. So the question is, do you want those co-working operators to set the tone of the building?” Moore recently spoke with the development manager for a new downtown office tower who said he would probably turn down a co-working provider. But if co-working providers sign a lease for 10 to 15 years, the appeal of that stability could be a benefit. “We’re not creating big law firms anymore,” Moore says. “The banks have a fraction of the space they used to have.” RBC is down to two floors and signage rights at Royal Centre, Moore says. It’s a similar story with accounting firms. Ernst & Young Global Ltd., tipped as an anchor tenant in Oxford Properties Group’s planned 458,584-squarefoot tower at 1133 Melville Street, has reduced its space requirements to 145 square feet per person because more workers are exercising their ability to work remotely. “It’s all going digital,” Moore says. “We don’t have a lot of large tenants, so when you’re trying to kick off a building or find that [office] anchor tenant, maybe this [co-working] is the way forward.” É

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BOMA BC INTRODUCES BOMA BEST 3.0 Impressive early results as latest version of building environmental standard certification continues to keep British Columbia office buildings at the leading edge

JENNIFER DAVIS |

I PAUL LABRANCHE PRESIDENT, BOMA BC

In 2017 we saw a record number of buildings pursuing BEST assessments and certifications, up 108 per cent over the previous year

t’s been a year since the Building Owners and Managers Association (BOMA) launched version 3.0 of its Building Environmental Standards (BEST) certification program, and the results are impressive. BOMA BEST has long been the industry standard for environmental assessment of existing, occupied buildings. Currently over 2,200 buildings are BOMA BEST-certified in Canada and more than 7,000 have been certified since the program’s inception in 2005, making it the largest environmental certification program in Canada. The program is applicable to nearly every facility type, from ice rinks to border crossings to warehouses to highrise office towers, with the latter being the most popular category among the national portfolio of certified buildings. Version 3.0 comprises 16 mandatory components, i nclud i ng site-specific energy, water and waste assessments, documented preventive maintenance and utility reduction plans and an occupant engagement plan. These 16 mandatory requirements will only garner the building a basic-level certification, however. To achieve a silver, gold or platinum certification, the property must have superior building systems, demonstrate substantially greater efficiencies in utility consumption and have implemented industry-leading policies and procedures. RECORD ENGAGEMENT Q “We’re pleased by the wide adoption of the program amongst commercial real estate owners and managers. The program has evolved dramatically since it was first launched 13 years ago; it now has substantially more rigour but this isn’t scaring people away. On the contrary, the property management industry is rising to the challenge. In 2017 we saw a record

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number of buildings pursuing BEST assessments and certifications, up 108 per cent over the previous year,” says Paul LaBranche, president of BOMA BC. Other new features of BOM A BEST 3.0 include requirements for the property to include an indoor air quality (IAQ) monitoring plan, hazardous building materials and chemical products management plans, a green cleaning program and a stakeholder engagement plan. And while not mandatory, linking your property to Energy Star Portfolio Manager (ESPM) and collecting benchmarking data for comparison with other buildings in Canada can garner significantly more points. In fact, it would be very challenging to achieve a gold or platinum certification without using ESPM. That’s one of the great values of BOMA BEST 3.0: it’s driving the commercial real estate industry to greater monitoring, measuring and accountability to stakeholders. Speaking of stakeholders – the stakeholder engagement section has been significantly ramped up in version 3.0 over previous versions. BOMA BEST building applicants are asked if they’ve completed occupant satisfaction surveys at their properties; having done so accounts for an additional 29 points – certainly a lot of points to leave on the table if you haven’t. “We completed BOMA BEST 3.0 for two of our Vancouver properties in 2017. We achieved gold for both buildings, and while it wasn’t easy, the experience was invaluable. BOMA BEST requires you to deeply scrutinize your utility consumption and building operational practices. The reports we received provide a great tool for our capital planning, and our BOMA BEST scoring highlights all of the sustainability gaps and opportunities that exist at our

properties for future consideration,” says Antonio Dal Sasso, director of operations, Polaris Realty. PERFORMANCE Q On average, BOMA BEST office buildings (certified silver or better) perform 30 per cent better than the Canadian average, and the average BOMA BEST-certified building (regardless of its score) consumes eight per cent less energy, according to the 2018 National Green Building Report, published by BOMA Canada. Additionally, it would appear buildings that recertify after the three-year expiry of their BEST certification tend to see even further benefits with an average 25 per cent improvement in their energy performance from their previous reported performance, according to the British Columbia Building Performance Study (2014), published by Light House Sustainable Building Centre. What defines a green building has also evolved since the concept first became mainstream 15 to 20 years ago. In particular, the inclusion of significant questions focusing on occupant health and wellness in BOMA BEST 3.0 are not concepts that were considered much when the program began in 2005. Sophisticated tenants want to be in buildings that consider these attributes, along with monitoring and measuring overall carbon footprint, and BOMA BEST is certainly meeting and leading that demand with version 3.0.É Jennifer Davis is principal of TurnLeaf Consulting Inc. Davis has project managed BOMA BEST certification for over 60 buildings.

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

ACCESSIBLE BY DESIGN Rick Hansen Foundation has launched a bold initiative to create a gold standard for universal access

YVONNE ZACHARIAS

BRAD MCCANNELL VICE-PRESIDENT OF ACCESS AND INCLUSION, RICK HANSEN FOUNDATION

Our job isn’t to come in there and find everything that is wrong. We want to celebrate access

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E

veryone seems to agree that workplaces and buildings should be accessible to people with disabilities but nobody seems to know exactly what that means. The Rick Hansen Foundation is attempting to eliminate such ambiguity with a bold initiative that establishes a gold standard for accessibility.

Launched in the fall of 2017, the program trains staff to assess buildings using a checklist and a rating system that examines everything from the design of washrooms to the colour of floors. It then provides employers with a road map for change. “We are total realists here,” says Brad McCannell, vice-president of access and inclusion and the person responsible for the rating system at the Rick Hansen Foundation. “We don’t expect people to go out and change things overnight but what we really want to do is change design culture.”

GRANTS AVAILABLE Q The foundation has received

a $9 million grant from the B.C. government for the program. Of that amount, $4 million is designated for businesses that want to get on board the accessibility bandwagon. Municipalities and non-profit employers are eligible for up to $20,000 to make improvements per site while for-profit businesses are eligible for a matching grant of $20,000. As with any major change, part of the challenge is getting rid of stereotypes. For example, most people associate disability with being in a wheelchair, but that group

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ABOVE: Rick Hansen Foundation

staffer accesses a building entrance: a checklist and a rating system examine everything from the design of washrooms to the colour of floors | RICK HANSEN FOUNDATION FAR LEFT: Rick Hansen, head of the

Rick Hansen Foundation | RICK HANSEN FOUNDATION

LEFT: Brad McCannell, vice-

president of access and inclusion with the Rick Hansen Foundation: $4 million to help businesses adapt | RICK HANSEN FOUNDATION

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Accessible by design

MEASURING FOR YOUR SUCCESS Engineering, Surveying, Mapping Planning, Environmental, and Landscape Architecture For all your survey requirements contact Yvon Gosselin at: ygosselin@mcelhanney.com 604-424-4833 or visit www.mcelhanney.com

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accounts for less than 30 per cent of the disabled population. single-use, private bathrooms McCannell says people with hearing than in those with universal loss and with mental or cognitive illnesses access | RICK HANSEN FOUNDATION are far more predominant. That’s where sound cushioning and creating stress-free environments become important. Nobody likes to think they are going to join the ranks of the disabled population but with the aging population, or the silver tsunami as it is sometimes called, one in five people is projected to fall into this category. Behind that 20 per cent statistic is another hidden one, says McCannell. Disabled individuals are likely to have people in their lives who are deeply affected by their disability. It could be a spouse, a relative or even a paid caregiver. Suddenly we are looking at 40 per cent who are affected. Muneesh Sharma, director of government affairs and communications at BOMA BC, says he is deeply committed to getting the industry on board. Having worked for the provincial minister of employment on disability strategies in the years leading up to the 2010 Olympics, he brings a wealth of experience to the file. He wants to draw the access issue into the mainstream “so we can start to make it more cool.” He senses the momentum to make buildings more accessible has lost steam since the Olympics so “it’s really timely that we’re starting this initiative.” Sharma stresses the importance of designing buildings Measuring up: older adults are

often much more comfortable in

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with accessibility in mind when they are in the planning stages as it is much harder to change design after the fact. INVISIBLE SIGNS Q Both Sharma and McCannell point

to the Vancouver International Airport as a shining example of an accessible building. If you are on carpet, you are connected to a gate. If you are on tile, you are connected to an exit. Different types of flooring tell you where you are without the stigma of a disability label. And that’s another point. Design features should appear to flow naturally and blend into the building environment, avoiding the phenomenon McCannell describes as “label disabled.” Often changes to a space can be inexpensive yet effective. Because people tend to lose depth perception as they age, baseboards painted a contrasting colour to floors and walls can be helpful. Some of the desirable changes simply involve common sense. For example, older adults and seniors are often much more comfortable in single-use, private bathrooms than in those with universal access. Since the program was launched, the foundation’s certified assessors have surveyed over 400 buildings. A handful have met the gold standard, which means they were awarded 80 per cent of available points. McCannell expects that 20 per cent of all assessed buildings will be awarded that top ranking. Carrying the torch on the accessibility front, the foundation is rolling out the program nationally, working with places like Halifax and the universities of Saskatchewan and Manitoba. Without provincial government backing,

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CLOCKWISE FROM TOP OF OPPOSITE PAGE AND THIS PAGE: Signage

in braille; wider egress for wheelchairs; accessible safety controls; and tracking traffic are all part of the emphasis on making office buildings more welcoming and accessible | RICK HANSEN FOUNDATION

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Accessible by design

Subtle tactile signals – such as carpets versus tile floors – are used at Vancouver International Airport to help direct some with disabilities and avoid “label disabled” signage. Visual signing for the hearing impaired is included with flight information | VANCOUVER INTERNATIONAL AIRPORT

such places are required to pay the full cost of being assessed and getting into a Canadian Standards Association registry, which can range between $2,500 and $5,000. In the case of B.C. businesses, those costs are fully covered by the foundation’s grant money. One of the keys to the program’s success is the building owners or employers remain in the driver’s seat. At any point, without ramifications, he or she can say they have travelled far enough down the road to accessibility and they want to stop at that point. No argument, says McCannell. “One of the things we aren’t is the code police,” says McCannell. “Our job isn’t to come in there and find everything that is wrong. We want to celebrate access.” É

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

CITY OF VANCOUVER EYES CAC POTENTIAL OF OFFICE STRATA City negotiates community amenity contributions on commercial strata that is exempt from B.C.’s foreign-buyer and speculation taxes

BRADY FLEGUEL |

A

I expect strata office to dominate the office landscape in Vancouver in coming years

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s a lead-in to my annual report, I always review articles from the past years. It is quite interesting that this year’s instalment could easily be Part 2 of my article from 2016. In 2016 I wrote about how strata office space could be the next big thing – with a focus on the Broadway Uptown Office District. For 2018 I will continue the conversation about strata office space, with a focus on downtown Vancouver. I would identify low supply, special taxes and relative affordability as key factors fuelling the strata office market. On the supply side, only 320 Granville Street, Burrard Place and 999 Seymour have brought noteworthy strata office supply to the downtown market in the past five years. Much of this space was quickly absorbed with 320 Granville Street selling roughly half of its space in a week last November. With regard to special taxes, the foreign-entity tax (FET) recently increased to 20 per cent while the B.C. speculation tax steps to two per cent annually in 2019 for foreign investors and satellite families. Strata office is exempt from both the FET and the speculation tax, and groups who historically invested in the residential market have shifted their focus to commercial assets to avoid these taxes. Lastly, the smaller size and lower price point of strata space allow market entry for small to mediumsized businesses as an alternative to leasing. Cou nteract i ng t he appea l of strata office space in Vancouver is the city’s community amenity contribution (CAC) policy update “simplifying community amenity contributions on new rental housing and commercial development” (effective November 29, 2017). This

policy removes CAC negotiations for commercial-only rezoning applications in the downtown and metro core and instead creates interim commercial linkage targets at fixed rates ($15 per square foot downtown, $10 per square foot in the metro core). This sounds like a progressive idea, as predictable CACs have proven to be a catalyst to the supply of new development (i.e., Cambie corridor). However, the new policy excludes all commercial-only rezoning applications proposing stratified commercial space and large site developments. These sites will continue to be processed under the negotiated CAC approach. Why would strata office be excluded from fixed CACs? Clearly the city plans to “participate” in this sector. To give perspective, 320 Granville and Burrard Gateway have sold strata office space for more than double the price of similar leased office space (on a persquare-foot basis). The proposed commercial linkage targets are expected to result in only $3 million per year. This is nominal relative to the negotiated CAC approach using 75 per cent of the resultant “land lift” from rezoning. For the reader’s reference, the last notable negotiated rezoning in downtown Vancouver (the First Baptist Church site at Burrard and Nelson) netted the city a CAC package of over $91 million (primarily a residential project). The new CAC policy shows that the city wants jobs within its borders but has its hand out in case the numbers look too good. OUTLOOK Q My thoughts for the future are optimistic for both the strata and leasing components of the office market. Broadly, the downtown and surrounding areas

offer limited sites for office use. Sites considering a shift to strata office space will limit the supply of new projects for lease, bolstering new projects that have commenced construction with limited or no pre-leasing (Vancouver Centre 2, 601 West Hastings and 400 West Georgia). Additionally, older C-class office buildings in the core could see demolition or possibly conversion to strata. Both could be achieved without rezoning. Tenants in these buildings are currently in place at relatively affordable rents and could struggle to replicate existing rental costs without sacrificing location. This demand could be met by projects in Railtown, Mount Pleasant, Burrard Slopes and most notably the False Creek Flats as a source of new office supply, a good portion of which could be strata office. Finally, the Broadway Uptown Office District is reaching peak desirability since the TransLink Mayors’ Council reached an agreement in March 2018 for the remaining funding of the Broadway subway. The University of British Columbia is even offering to contribute funds to extend the Broadway subway to its campus. Expect more strata office supply here albeit at discount pricing to downtown projects. I expect strata office to dominate the office landscape in Vancouver in coming years. É Appraiser Brady Fleguel is a principal with Burgess, Cawley, Sullivan & Associates. His focus is on development land, office buildings and other commercial real estate projects throughout British Columbia.

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

RICHMOND

REBOUND Dormant for 10 years, municipality will see 440,000 square feet of offices built by 2020

PETER MITHAM

NEONILA LILOVA ECONOMIC DEVELOPMENT MANAGER, CITY OF RICHMOND

Through the development permit process we are trying to encourage that more non-stratified leasehold space be provided

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R

esidential construction all along the Canada rapid transit line is steadily transforming downtown Richmond from a strip of shopping malls into an urban core with cosmopolitan flair. Part and parcel of many developments is space for professional offices.

But most of the new construction has been strata space sold to local owner-occupiers or investors like so many of the surrounding residential units. Mo Yeung International Enterprise Ltd.’s International Trade Centre development at Versante, a mixed-use project with 97,846 square feet of strata office space at 8477 Bridgeport Road, is but the latest case in point. “We haven’t seen new lease development since 2008,” says Derek Lee, an associate with Avison Young’s office leasing team who represents tenants seeking space. The situation is about to change, however, with the 343,000 square feet of leasehold office space set to start with completion by the end of 2020. The largest is Yuanheng Holdings Ltd.’s plan for 237,832 square feet of office space at 3311 No. 3 Road, which began the development permit process last year.

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OPPOSITE AND THIS PAGE: The

iFortune Centre on No. 3 Road is proceeding with 105,420 square feet of office space in a speculative development by iFortune Homes. The project includes a mix with residential towers | IFORTUNE HOMES

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Richmond rebound

Vanprop Investments has an ambitious plan for the redevelopment of the Lansdowne District in Richmond: its 24 towers will include office space, retail and, of course, residential, on the 50-acre site | VANPROP INVESTMENTS

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Mo Yeung International Enterprise Ltd.’s International Trade Centre in Richmond will include two office towers where the space will be sold as strata. The project will also include a hotel and a retail component | MYIE GROUP

An additional 105,420 square feet is proceeding without pre-lease commitments at iFortune Centre, which iFortune Homes Inc. is building at 6860 No. 3 Road. The lack of commitments underscores the tight nature of the market. Avison Young reports that vacancies in Richmond as a whole ended 2017 at less than 10 per cent for the first time in 10 years, but those in the core along No. 3 Road are closer to two per cent. The result is prime conditions for new office construction to meet demand not only from local tenants, but also from those pushed out from downtown Vancouver, where tenants face equally tight conditions. “There is some pent-up demand in that submarket,” says Bill Elliott, a principal in the Vancouver office of Avison Young. “A tight-vacancy market needs some more office space, so hence you’ve got some people looking to develop office space in that market.” The developments also reflect Richmond’s long-standing plans for its downtown, which call for a transit-oriented city. The nine-year-old City Centre Area Plan outlined a vision that saw the displacement of industrial uses around the speedskating oval east to Aberdeen station, as well as around Bridgeport station, clearing the way for office uses oriented to the Canada Line. The current projects are part of a wave of development set to roll through 2041, according to city planners. Other proposed office developments include: ■Vanprop Investments’ redevelopment of the Lansdowne District in Richmond: its 24 towers will include office space, retail and, of course, residential, on the 50-acre site. This is a long-range plan centred around the existing Lansdowne shopping centre. ■IBI Group/Thind Properties Ltd.’s rezoning application for a mixed-use development at 5740-5800 Minoru Boulevard that will have 161,785 square feet of office space. ■South Street Development Group’s plans for 147,122 square feet at Alderbridge Way and No. 3 Road, a property formerly owned by UEM Sunrise (Canada) Development

00_Office Space 2018_01 2.indd 41

Ltd. currently in rezoning. ■Beckwith Developments Ltd.’s plans for 110,278 square feet of office and light industrial space at 9466 Beckwith Road. ■Modern International Holding Ltd. plans 99,489 square feet in the 8200 block of Alexandra Road, subject to rezoning. ■Bene Group’s plans for approximately 96,700 square feet in two projects along No. 3 Road, one of which is seeking a development permit and the other of which is in rezoning. The plans sound good but Richmond economic development manager Neonila Lilova hopes the projects don’t become commercial strata developments in view of the strong demand for that kind of space. “Through the development permit process we are trying to encourage that more non-stratified leasehold space be provided,” she says. “A company that has 100 employees that’s looking for office space cannot move into a strata building.” With some companies currently located in Richmond’s business parks growing and seeking expansion space, Lilova says the city needs to be able to provide the space if it wants to keep the companies. “What we’re trying to do is get that large-floor office space along No. 3 Road in the city centre so that we can accommodate our existing companies that are looking to grow and get anyone that can’t find space in downtown Vancouver,” she says. “Everyone wants to be on the Canada Line, and we don’t have the product.” This includes linking businesses looking for expansion space with developers, in the hope builders will recognize the need and build projects to meet the demand. “The development community sees higher-value opportunities in residential,” she says. “Residential is a really lucrative play for development. The funding will continue to go there. But now we’re starting to see more funding going towards those commercial developments as residential is filling up along No. 3 Road.” É

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42 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

MIXED-USE MANAGEMENT The Smithe rising on the edge of Yaletown: 31,000 square feet of office space, ground-floor retail spaces

Merging office space with retail, hotels and residential pressures the time, expertise – and diplomacy – of property managers

and 93 units of residential. Some warn that demand for mixed use is outstripping expertise in property management | CHUNG CHOW

00_Office Space 2018_01 2.indd 42

2018-05-17 3:08 PM


| 43

PAT JOHNSON

A

t Cambie and Smithe, where Vancouver’s downtown core merges into Yaletown, Boffo Developments is constructing the Smithe. The mixed-use development encompasses more than 31,000 square feet of office space over three levels, two ground-floor retail spaces and 93 two- and three-bedroom homes.

This combination of retail, office and residential is an antidote to the mid-20th-century model of urbanism, where a commercial core would empty out at 5 p.m. and remain largely vacant on weekends. By combining residential life with retail streetscapes and weekday office workers, buildings and neighbourhoods generate round-the-clock activity that invigorates street life. But the combination of tenants and people coming and going at all hours creates particular issues for property managers trying to balance various needs, including security for everyone on the premises. Karen West, director of marketing and sales for Boffo Developments, says the mixed-use development is good for the neighbourhood. “Overall, it makes a bit more of a vibrant building,” she says, noting that street-level services may be places residents and office workers use every day, like restaurants or shops, or only occasionally, like insurance firms or travel agencies. “Integrating residential within the business community does create a greater vibrancy.” Keeping the property and everyone in it safe and happy is part of the design concept, says West. “That’s actually something we spend an unreasonable period of time thinking about,” she says. Separate entrances for different areas of the building, segregated parkades and even a designated bike entrance are incorporated into the Smithe. “Everything is on a fob-controlled system, where office users will only have access to the office or common areas. Everything is tracked, so if somebody did go somewhere they weren’t supposed to, you’d be able to tell.” Mixed uses also require specific skills in property managers – and that is a problem in itself, says Warren Smithies, senior vice-president of Martello Property Services. Smithies manages 500,000 square feet of properties, including residential mixed with retail and offices, and says the complexity of managing such facilities has led to a skills shortage in the industry. “There are not enough new people coming into property management with the skill set necessary to handle these large buildings, which are worth hundreds of millions of dollars potentially,” says Smithies. “It is putting the owners of the strata at risk for mismanagement of their asset over the life cycle of the building.”

00_Office Space 2018_01 2.indd 43

Lillian Tummonds, general manager of Pacific Centre is Vancouver’s master of mixed use: her three-block domain includes seven office towers, Pacific Centre mall and the Four Seasons Hotel. “It’s kind of synergistic to have everything tied together” | KENT KALLBERG

While mixed-use projects are beneficial to the cityscape, he says, the difficulties they present for managers include balancing the competing needs of tenants and owners. He cites an example of a West End building that has three separate entities governing it – a ground-floor commercial section with its own strata council, a strata residential section made up of apartment owners and submarket rental housing units operated by a government agency. “In that one building, you have three entirely separate legal titles with three entirely separate governing bodies that all have to work together in a tight space,” says Smithies. “That can be a big challenge for a lot of people.” Retailers will want foot traffic in front of their businesses and don’t want to pay for services to the residential component of the building. Residents will be more concerned about noise at night and easy access to and from their homes. “The different priorities can lead to head-butting on certain issues,” he says. “Parking can be particularly challenging. Even if there is any sort of maintenance issue, like if there’s a leak happening from the residential section into the commercial section, it can be a huge nightmare dealing with that kind of situation where you’ve got multiple insurance companies coming into play, multiple restoration companies. It can get very, very challenging.” He thinks legislation has not been able to keep up with that complexity. Managing these types of structures is not always an appealing career, Smithies says. The work is typically quite adversarial and includes lots of evening work to accommodate strata council meetings, and councils are looking for the lowest price possible, which leads to cutthroat price competition by management companies and relatively low wages for strata managers. One of the city’s most visible mixed-use structures underwent an especially challenging renovation recently. Lillian Tummonds is the general manager of what may be Vancouver’s largest single umbrella of mixed-use properties. The 18-year employee of Cadillac Fairview is general manager of Pacific Centre, which includes Pacific Centre mall, seven connected office towers and the Four Seasons Hotel – three city blocks in all. The redevelopment of the former Sears portion of the mall, which began life as Eaton’s, turned an expansive single-use space into the new Nordstrom and four floors of office space, including two floors occupied by Microsoft, a floor of Sony Pictures Imageworks and a multi-tenant floor on top. “It was difficult,” she says, laughing. Cadillac Fairview carved out a glass atrium from floors four through seven to give more light to the office space, created a new lobby entrance for the office tower and installed new elevators. “It was challenging,” she says. The resulting benefits, though, far outweigh the problems, Tummonds maintains. “It feels like a community,” she says. “It’s three city blocks of a community and you have all your amenities, like public transit right underneath our complex. You have retail offerings, food offerings – it gives the benefit of a community feeling. It’s beneficial for all the occupants and shoppers. It’s kind of synergistic to have everything tied together.” É

2018-05-17 3:08 PM


44 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

MOVING

TARGET

Mobile technology, flexible layers of security help to cut Vancouver property crime statistics TYLER NYQUVEST

A

lthough theft and crime in Vancouver remain a significant issue, city property crime rates have declined, and many industry professionals think the sophistication of technology, along with smarter property protection strategies, is the cause.

Surveillance cameras fed into a central control is a key to Paladin Security response. But technology is only part of an “overall security strategy” | PALADIN SECURITY

00_Office Space 2018_01 2.indd 44

“We have access to better tools through staff monitoring software and mobile applications,” says Heather Shubear, vice president of Securiworld. “More and more of our guards have the ability to do more advanced security on their cellphones and personal devices for more effective reporting.” Shubear says the advancement of personal technologies

is certainly a factor in faster response times and enhanced quality of reporting of employed guards. But as for property security when active workers aren’t on site, one ageold technology seems to be performing very effectively. “Increasing the lighting almost always stops the attempts of break-ins at bigger projects,” says Shubear. “Adequate amount of lighting usually helps to deter thefts, and we know that on construction and bigger projects with high amounts of lighting and cameras, it deters people from theft when they feel they are under the spotlight. This also decreases personal attacks.” According to statistics from the Vancouver Police Department, property crime decreased 1.9 per cent in 2017 from a year earlier. Additionally, break-and-enter business incidents decreased 18.7 per cent and breakand-enter residence incidents decreased by 18.4 per cent. The decline in property crime, however, might actually be due to the abundance of development happening in the city. “Some of these older buildings have owners and property managers that are less concerned with the status of the building because they are waiting for a teardown or to be bought out by a wealthy developer,” explains Moe Hedayat, operations manager at Optimum Security. “New builds endowed with high amounts of wealth will take certain security measures that can be too expensive for others. There is a large amount of situational dependence on what the intention of the owner of that property is.” There’s no doubt that development in Vancouver is

2018-05-17 3:08 PM


| 45

CHAD KALYK EXECUTIVE VICEPRESIDENT, PALADIN SECURITY

Technologybased, eventdriven solutions driving surveillance and response will enhance the safety and security of [weak] areas

exploding and plots of land are being excavated and constructed faster each year. Some security companies have had to alter their operations in order to be more cost efficient for clients. “A lot relates to monitoring what is happening in the field. So, we have everything to do with GPS tracking,” says Ashley Meehan, vice-president of Genesis Security Group. “By having better monitoring, we can see patterns of how and where patrolling is happening more frequently. We offer mobile checks, where if you don’t want to purchase the security guard for the full five-hour shift, you can go for mobile checks,” says Shubear. “This is a sweep on your property and a foot patrol one to three times per night.” Regular maintenance and security checks seem to be removing thieves from weak areas they had previously capitalized on, like stairwells, bathrooms and parking lots. However, personal security of automobiles remains a prevalent issue. According to the Vancouver Police Department, theft from motor vehicles increased by 1.6 per cent in 2017. HOT ZONES Q The Vancouver Police Department’s

crime heat map shows the highest areas of commercial property crime are in the central business district, Mount

00_Office Space 2018_01 2.indd 45

Pleasant and the Gastown-East Hastings areas. “Technology-based, event-driven solutions driving surveillance and response will enhance the safety and security of [weak] areas,” says Chad Kalyk, executive vice-president of Paladin Security. “Critical to this is the need for the technology to be part of an overall security strategy.” Much of that technology, professionals agree, should be paired with other tactics. “You should have cameras and alarms that detect break-in attempts but as often as possible you should try and have physical security reinforcements like deadbolt locks, reinforcing the ground and basement floor windows with steel bars, as well as having a physical guard who is licensed and trained to evict trespassers,” says Shubear. Meehan agrees having layers of security is key to deterrence. “What we find is that we are going to a lot more is a combination of where we have cameras that are monitoring with motion sensors so we can pick up movement but also have guards that are on site or nearby that can respond quickly,” Meehan says. In short, both electronic and human eyes on the target. “Combining technology with a physical presence is much more effective.” É

2018-05-17 3:08 PM


46 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Biggest security companies in B.C. RANKED BY | Total number of employees in B.C.

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Property Managersâ&#x20AC;&#x2122; Source Book 2019

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Space Close: October 16, 2018 Call Marie Pearsall: 604.608.5158 mpearsall@biv.com

DESIGNED SPECIFICALLY FOR Vancouverâ&#x20AC;&#x2122;s property management industry

00_Office Space 2018_01 2.indd 46

2018-05-17 3:08 PM


HIGH-PROFILE SECURITY OFFICERS. MOBILE PATROLS. ALARMRESPONSE UNITS.

SECURING PEOPLE AND ASSETS IN A COMPLE X WO R L D gTrack, integrated guard management system 26,000+ security professionals across Canada 3 national command centres open 24/7

T: 604 717 5580 Gabriel Karesa Regional General Manager gabriel.karesa@garda.com

00_Office Space 2018_01 2.indd 47

2018-05-17 3:08 PM


48 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Biggest commercial property managers in B.C. RANKED BY | Total commercial square feet managed in B.C.

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00_Office Space 2018_01 2.indd 49

2018-05-17 3:08 PM


50 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Biggest commercial real estate brokerages in B.C. RANKED BY | Number of B.C.-licensed commercial agents in 2018

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00_Office Space 2018_01 2.indd 50

2018-05-17 3:08 PM


| 51

OFFICE BUILDING DIRECTORY INVENTORY OF OFFICE SPACE OVER 20,000 SQUARE FEET WEST VANCOUVER nad

NORTH VANCOUVER aH wy

India n Ar m

Trans-C a

Burrard Inlet

PORT MOODY

VANCOUVER CENTRAL BUSINESS DISTRICT NORTH

VANCOUVER CENTRAL BUSINESS DISTRICT SOUTH English Bay

Barnet

Hasting

s Nanaimo

UBC

Hwy

SFU

Lou

ghe

ed

Hw

y

VANCOUVER BROADWAY COQUITLAM

gsw

Cambie

Oak

Granville

Dunbar

VANCOUVER

Kin

ay

BURNABY Lougheed

iver a s-C a nad

wy

H

Frase r

rR se

PORT COQUITLAM

n Tra

Boundary Rd

Marine Dr

North A rm

NEW WESTMINSTER

Fra

41st Ave 49th Ave

Hwy

Rive r

Richmond Freeway Fra

Strait of Georgia

Westminster Hwy

se

RICHMOND iver er R

Hwy 91

S ou th Ar

SURREY

DELTA YUKON

NORTHWEST TERRITORIES

ALASKA

HAIDA GWAII

wy

King George Hwy

m

s Fra

rH

Hwy 10

Hwy 99

ALBERTA

BRITISH COLUMBIA

VANCOUVER ISLAND VANCOUVER VICTORIA SEATTLE

WASHINGTON

Boundary Bay

WHITE ROCK

BRITISH COLUMBIA, CANADA WASHINGTON, U.S.

00_Office Space 2018_01 2.indd 51

2018-05-17 3:08 PM


52 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Office building directory

How to use the office listings number of storeys, the square footage of the office and retail components and parking details. When applicable, Buidling Owners and Managers Association of BC (BOMA BC) members have been identified with a bullet in the right-hand column. Prior to publication, survey forms were emailed to building owners and managers for verification. Business in Vancouver Media Group is unable to guarantee, and does not guarantee, the accuracy of all the

information supplied. Only buildings with more than 20,000 square feet of office space have been listed. Every effort has been made to include all office buildings in the Vancouver region that have 20,000 square feet of office space or more. If your building has been left out, please send this information to Office Space, c/o Business in Vancouver, 303 5th Avenue West, Vancouver B.C. V5Y 1J6, 604-688-2398, fax 604-688-6058.

AT I

NG

RA TE

ER BO

U

6 6 21 22 21

607 280 146

1920 1910 1990 1930 1985

n/a 1985 n/a 2014 n/a

n/a $23 n/a $37.50 n/a

$13.61 $9.96 $24.92 $24.42 $23.84

U U U

21 14 33 18 32 35

525 156 975 1,057 1,057 560

1967 1985 2002 1969 1974 1984

2003 2003 2007 2003 1994 2002

n/a n/a n/a n/a n/a n/a

$23.01 n/a $20.82 $22.33 $22.11 $23.77

70,500 7

40

1960

2005

n/a

n/a

U

n/a

102,472 6

117

1912

n/a

n/a

$13.64

U

83,047 218,416 264,088 100,462

n/a 3,719 n/a 7,260

83,047 222,135 264,088 107,722

5 13 19 10

173 242 398 16

1913 1994 1990 1970

1980 n/a 2005 n/a

n/a n/a n/a $24

$18.58 n/a $22.95 $17.07

U U U U

108,450

4,632

113,082 15

120

1991

n/a

n/a

n/a

U

531,078 345,000 267,296 103,361 477,185 387,426

14,779 n/a 1,780 n/a n/a 86,697

545,857 345,000 269,076 103,361 477,185 474,123

35 24 22 10 24 34

475 298 90 280 473

1981 2020 1985 1974 2015 1977

1998 n/a 1997 n/a n/a 2015

n/a n/a $35.50 $25 n/a n/a

$20.44 n/a $22.74 $19.76 $20.32 $22.54

U U U

470,586 216,277 364,713 307,399 207,095

n/a n/a 18,182 8,616 n/a

470,586 216,277 382,895 316,015 250,000

30 18 23 23 19

1,975 145 450 351 158

1972 1975 1986 1991 1957

2004 2010 n/a 2008 1990

n/a n/a n/a n/a n/a

$22.36 $23.11 $23 $19.54 $19.88

U U U U U

195,102

8,648

203,766 22

236

1984

n/a

n/a

$23.80

U

435,000

n/a

853,000 37

688

1973

2015

n/a

$27

360,000

n/a

360,000 26

226

1968

2002

n/a

$20.97

LA

M

ST

YE

BU

NG

AR

KI

EY OR

TO

TA I RE

A

AV CO ER A ST GE

OP

VA TE

NT AL

RE

AV E

GE

YE

$20.23

RA

PA R

$26

S

1999

TA L

ST

AR

ILT

ST AL

RE

LS

NO

ET FE RE UA

SQ

QU

1979

LS

144

E

192,814 16

FIC

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

Refer to the large map (page 51) for the general location of properties. Areas on the map are colour-coded to match the corresponding areas in the directory. Office buildings are listed by their street addresses within districts and suburbs. In each listing, when available, names and telephone numbers of the building managers have been included. Other listed information includes the date the building was constructed, the date of the most recent renovation, the

VANCOUVER CENTRAL BUSINESS DISTRICT NORTH 1166 Alberni St

M–Peterson Commercial/Leeza Vasiliev 604-688-4885/ L–Peterson Commercial/Ivy Yung 604-669-5209 560 Beatty St M–Cowan Properties 604-834-3545/L–Corbel Commercial Inc/Robert Tham/Marc Saul 604-609-0882 788 Beatty St M/L–Reliance Properties/Steve Horovitz 604-689-1119 200 Burrard St/Waterfront Centre M–Cadillac Fairview 604-646-8020/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 355 Burrard St/The Marine Bldg M–Oxford Properties/Steve Patrick 604-893-3206/L–Oxford Properties/Ted Mildon 604-893-3230 400 Burrard St/Commerce Place M–QuadReal Property Group/Frank Vecchio 604-975-9671/ L–QuadReal Property Group/Maureen Neilly 604-975-9764 505 Burrard St/Bentall One M–Canderel Management/L–Canderel Pacific Management/David Haugen 604-889-7157 510 Burrard St M–Manulife Financial/Kathy Ireland 604-438-2302/L–Manulife Financial/Paula Wright 604-717-8235 550 Burrard St/Bentall Five M–Bentall Kennedy/Jon Wellman 604-661-5056/L–Bentall Kennedy/Jeff Lim 604-661-5619 555 Burrard St/Bentall Two M–Canderel Management/L–Canderel Pacific Management/David Haugen 604-889-7157 595 Burrard St/Bentall Three M–Canderel Management/L–Canderel Pacific Management/David Haugen 604-889-7157 666 Burrard St/Park Place M–QuadReal Property Group/Frank Vecchio 604-975-9671/ L–QuadReal Property Group/Maureen Neilly 604-975-9764 750 Cambie St/Centennial Bldg M–Peterson Commercial/Leeza Vasiliev 604-688-4885/ L–Peterson Commercial/Ivy Yung 604-699-5209 425 Carrall St/Old BC Electric Bldg M–Anthem Properties/Traci Lovell 604-488-3607/ L–Corbel Commercial Inc/Marc Saul/Robert Tham 604-609-0882 601 Cordova St W/The Station M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 111 Dunsmuir St/AMEC Bldg M–Morguard Investments/Michael Walker/L–Morguard Investments/Faye Tam 604-681-9474 777 Dunsmuir St/Pacific Centre Tower IV M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 885 Dunsmuir St M–West Pender Property Group/Mike Rushford 604-638-0331/ L–West Pender Property Management/Colin Murray 604-638-0327 888 Dunsmuir St/XCHANGE Conference M–Manulife Real Estate/Kirby Leong 604-235-1636/ Centre L–Manulifa Real Estate/Paula Wright 604-717-8235 1055 Dunsmuir St/Bentall Four M–Canderel Management/L–Canderel Pacific Management/David Haugen 604-889-7157 400 Georgia St W M/L–Allied Properties REIT 416-977-9002 401 Georgia St W M–Oxford Properties/Jesse Hague 604-893-3204/L–Oxford Properties/Ted Mildon 604-893-3230 475 Georgia St W/BC Turf Bldg M–Austeville Properties 604-216-5517/L–Colliers/John Freyvogel 604-661-0806 510 Georgia St W/Telus Garden M–Telus Holdings 604-684-5852/L–JLL/Mark Chambers 604-998-6005 650 Georgia St W/Vancouver Centre M–GWL Realty Advisors/Randy Felty 604-713-6481/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 700 Georgia St W/TD Tower (Pacific Centre) M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 701 Georgia St W M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 885 Georgia St W/HSBC Bldg M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 925 Georgia St W/Cathedral Place M/L–Shon Group Realty/Maria Johnson 604-669-3312 1030 Georgia St W/Burrard Bldg M–Warrington PCI/Deryk Brower 604-331-5232/ L–CBRE Ltd/Eli Applebaum/Bill Coulter 604-662-3000 1040 Georgia St W/The Grosvenor Bldg M–SDM Realty Advisors/Dale Mumford 778-383-6273/ L–SDM Realty Advisors/Stephen Duyvewaardt 778-383-6272 1055 Georgia St W/Royal Centre 1075 Georgia St W

00_Office Space 2018_01 2.indd 52

M–Warrington PCI/David Basford 604-602-4800/ L–Avison Young/Matthew Craig/Justin Omichinski 604-647-5076 M–QuadReal Property Group/L–QuadReal Property Group/Brent Lee 604-975-9658

167,350

25,464

27,700 54,000 365,177 145,727 211,015

5,300 n/a 29,158 23,403 15,734

33,000 59,500 394,155 169,130 226,749

240,455 205,055 577,796 168,086 459,659 577,614

16,185 n/a n/a 6,598 13,846 18,775

256,640 205,055 577,796 174,684 473,505 596,389

70,500

n/a

98,202

U U

U

U

2018-05-17 3:08 PM


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NG

RA TE

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1986

$26

$20.76

U

316,512 146,846

9,340 18,964

349,010 24 165,810 16

394 155

1992 1985

2003 1992

n/a $26

$21.52 $17.25

U U

199,979

4,594

204,573 21

59

1980

1997

n/a

$19.72

U

LA

M

ST

YE

BU

NG

AR

KI

EY OR ST

TO

TA I RE

FIC

A

AV CO ER A ST GE

OP

VA TE

NT AL

RE GE

1976

RA AV E

77

S

145,183 16

TA L

YE

AR

ILT

ST AL

RE

LS

NO

ET FE RE UA

SQ

QU

4,682

LS

140,501

E

PA R

1090 Georgia St W

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

| 53

1281 Georgia St W/Georgia Bldg

M–SDM Realty Advisors/Dale Mumford 778-383-6273/ L–SDM Realty Advisors/Jeff Toews 778-383-6280 M–TA Management/Lee Medd 604-683-1628/L–CBRE Ltd/Bill Coulter 604-662-5131 M–CREIT Management/Ryan Swire 604-683-1185/ L–CBRE/Geoff Donelly/Mark Blancard 604-662-5130 M–GWL Realty Advisors/Randy Felty 604-713-6481/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–BCG Properties 604-688-2942/L–Colliers/Devin Ringham 604-692-1445

72,257

n/a

84,640 10

74

1959

2006

$18

$18.59

1500 Georgia St W/1500 West Georgia

M–Bosa Properties 604-558-8665/L–Bosa Properties/Darrell Hurst 604-412-0464

193,067

n/a

193,067 20

137

1978

2003

n/a

$21.52

1575 Georgia St W/The Cardero

M–Arpeg Holdings/L–Avison Young/Matt Walker/Glenn Gardner 604-687-7331

44,663

4,380

49,043 26

2019

n/a

n/a

$20

200 Granville St/Granville Square 320 Granville St/Bosa Waterfront Centre 409 Granville St/United Kingdom Bldg 470 Granville St/Rogers Bldg 609 Granville St/Canaccord Genuity Pl 725 Granville St 736 Granville St/Vancouver Block 163 Hastings St W/The Flack Block

M–Cadillac Fairview 604-646-8021/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Bosa Development/L–Bosa Development/Theresa Sinclair 604-294-2742 M–Warrington PCI/Ken Chu 604-331-5259/L–Colliers/Derek May 604-661-0837 M/L–Equitable Real Estate/Jeannie Tam 604-683-7571 M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M/L–Equitable Real Estate/Jeannie Tam 604-683-7571 M–West Pender Property Group/Mike Rushford 604-638-0331/ L–West Pender Property Group/Colin Murray 604-638-0327 M–Polaris Realty 604-689-7304/L–Colliers/John Freyvogel 604-661-0806 M/L–Reliance Properties/Steve Horovitz 604-689-1119 M–Pacific Dawn Management 604-683-8843/L–Colliers/Derek May/John Freyvogel 604-661-0837 M–UPG Uptown Property Group/Donna Bisaro 604-688-7900/ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M/L–Reliance Properties/Steve Horovitz 604-689-1119 M–West Pender Property Group/Mike Rushford 604-638-0331/ L–West Pender Property Management/Colin Murray 604-638-0327 M–Triovest Realty Advisors/Nancy Westfall 604-642-4501/ L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 M–UPG Uptown Property Group/Donna Bisaro 604-688-7900/ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–Polaris Realty 604-684-4221/L–Colliers/John Freyvogel 604-661-0806 M–Oxford Properties/Steve Patrick 604-893-3206/L–Oxford Properties/Ted Mildon 604-893-3230 M–Oxford Properties/Steve Patrick 604-893-3206/L–Oxford Properties/Ted Mildon 604-893-3230 M–Oxford Properties/Steve Patrick 604-893-3206/L–Oxford Properties/Ted Mildon 604-893-3230 M–Golden Properties/Angela Wong 604 689 1721/L–Avison Young/Matthew Craig 604-647-5076 M–Golden Properties/Angela Wong 604-689-1721/L–Avison Young/Matthew Craig 604-647-5076 M–Wicklow West/L–Wicklow West/Jason Sanders 604-689-5050 M/L–Reliance Properties/Steve Horovitz 604-689-1119 M–West Pender Property Group/Mike Rushford 604-638-0331/ L–West Pender Property Management/Colin Murray 604-638-0327 M–QuadReal Property Group/L–QuadReal Property Group/Brent Lee 778-554-3520 M–Cadillac Fairview 604-646-8020/L–Cadillac Fairview/Lou Ficocelli 604-630-5307

381,644 355,000 195,956 98,324 284,970 300,000 84,733 36,365

n/a n/a 15,142 17,236 n/a 48,000 6,309 8,460

n/a 355,000 211,098 115,560 284,970 348,000 91,042 44,825

28 25 17 12 24 7 16 5

1973 n/a 64 1961 1911 1,575 1981 2015 1912 1899

2012 n/a 1988 n/a 2005 n/a 2008 2008

n/a n/a $24 n/a n/a n/a n/a n/a

$23.58 n/a $16.95 $14.95 $21.71 $21.28 n/a $17.06

U U U U U U U U

249,707 65,000 27,483 108,630

50,595 n/a n/a n/a

323,707 74,204 27,483 108,630

28 8 11 16

700

1977 1956 1982 1930

2005 2003 n/a 2016

n/a $25 $25 n/a

$20.41 $13.99 $14.92 n/a

U

U

67,500 100,015

5,000 9,560

72,500 8 109,575 10

1910 1976

1990 1989

$22 $24

$13.56 $17.47

U

50,543

4,418

54,961 10

1914

1992

n/a

$20.90

U

97,096

5,370

102,466 14

1966

2009

n/a

n/a

U

209,041 271,260 252,339 331,128 94,866 305,000 63,936 45,000 53,385

n/a 209,041 19 n/a 271,260 35 3,858 256,373 25 n/a 345,468 26 n/a 107,459 13 13,448 340,999 26 n/a 63,936 14 5,000 50,000 8 2,716 56,101 9

120 280 277 228 250 600

2003 n/a 2014 2005 1996 2009 1993 1999 2000

n/a $44 $38.50 $37.50 n/a n/a n/a $23 $24

$20.73 $21.90 $24.43 $22.98 $17.95 $21.11 $17.83 $11.44 $18.70

U U U U U U

32

1981 2014 1969 1977 1966 1968 1968 1910 1986

135,585 239,440

11,400 2,271

149,500 21 241,711 20

457 460

1969 2002

1996 n/a

n/a n/a

$22.10 $23.02

U U

32,725

3,944

36,669 6

1912

n/a

n/a

n/a

U

360,469 83,869 146,726 80,000 151,654 105,372

11,531 n/a n/a n/a n/a n/a

372,000 88,021 146,726 80,000 151,654 116,544

2017 1977 1975 1927 1982 1976

n/a 1990 1993 2010 2006 n/a

n/a $23 n/a n/a n/a n/a

$20.76 $17.57 n/a $20.50 $17.45 $17.75

41,000 78,042

7,000 1,693

48,000 7 79,735 17

1965 1912

1999 2011

$21 n/a

$12.58 $20.55

24,000 40,000 142,530 142,356 127,576

6,000 5,000 n/a 3,890 5,739

30,000 46,187 146,850 146,246 133,315

1900 1912 1972 1974 1929

n/a n/a 2000 2000 1991

n/a $22 n/a n/a n/a

n/a $12.18 $20.51 $20.37 $19.07

U U U

106,582

6,284

112,866 16

1978

1999

$22

$18.80

U

58,874

6,663

65,537 8

1965

1998

$23

$17.27

U

32,400

n/a

32,400 6

1963

2002

$20

$17.97

U

1111 Georgia St W/FortisBC Centre 1185 Georgia St W 1188 Georgia St W

555 Hastings St W/Harbour Centre 602 Hastings St W/Reliance Bldg 609 Hastings St W/Princess Bldg 675 Hastings St W/Royal Bank Bldg 744 Hastings St W/Pemberton Bldg 815 Hastings St W 850 Hastings St W/Credit Foncier 900 Hastings St W/900 West Hastings 999 Hastings St W/AXA Place 1021 Hastings St W/MNP Tower 1055 Hastings St W/Guinness Tower 1066 Hastings St W/Oceanic Plaza 1111 Hastings St W 1177 Hastings St W/Board of Trade Tower 1199 Hastings St W/Hastings Bldg 318 Homer St/Mercantile Bldg 580 Hornby St 777 Hornby St 250 Howe St/ PricewaterhouseCoopers Place 325 Howe St/Pacific Coast Bldg 475 Howe St/The Exchange 595 Howe St/Good Earth Bldg 625 Howe St/Standard Life Bldg 669 Howe St/Offices at Hotel Georgia 1100 Melville St/Sun Life Plaza 1111 Melville St 1190 Melville St/Wyland Bldg 128 Pender St W/Sun Tower 303 Pender St W 402 Pender St W/BC Securities Bldg 700 Pender St W/Pender Place I 750 Pender St W/Pender Place II 789 Pender St W 800 Pender St W 890 Pender St W 905 Pender St W/King George Group Bldg

00_Office Space 2018_01 2.indd 53

M–Equitable Real Estate/Mark Rahal/Jeannie Tam/ L–Equitable Real Estate/Jeannie Tam 604-683-7571 M–Credit Suisse 212-325-2000/L–JLL/Mark Chambers 604-998-6005 M–Colliers 604-681-4111/L–NAI Commercial/Rob DesBrisay 604-691-6602 M–Arcturus Realty/Doug Snow 604-235-1372/L–Manulife Real Estate/Patrick Henry 778-328-1605 L–CBRE/Bill Coulter/Eli Applebaum 604-662-5131 M–Bentall Kennedy/Michael Cole 604-661-5632/L–Bentall Kennedy/Jeff Lim 604-661-5619 M–Porandom Management/Connie Chau 604-687-6790/ L–Cushman & Wakefield/Jennifer Robertson 604-640-5894 M/L–Reliance Properties/Steve Horovitz 604-689-1119 M–Allied Properties REIT/Gord Oughton 604-260-3736/ L–CBRE/Tara Finnegan/Eli Applebaum 604-662-5159 M–Turner Meakin 604-736-7020/L–CBRE/Mark Blancard 604-662-5160 M/L–Reliance Properties/Steve Horovitz 604-689-1119 M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Cadillac Fairview 604-630-5308/L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Triovest Realty Advisors/Nancy Westfall 604-642-4501/ L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 M–West Pender Property Group/Mike Rushford 604-638-0331/ L–West Pender Property Management/Colin Murray 604-638-0327 M–West Pender Property Group/Mike Rushford 604-683-0331/ L–West Pender Property Management/Colin Murray 604-638-0327 M–Colliers/L–Colliers/Derek May 604-661-0837

31 13 14 9 16 12

4 8 17 17 15

460

26

158 18 120 114 112

202 116

28

U

U

U U U

U

2018-05-17 3:08 PM


54 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

NG

RA TE

ER

$16.61 $17.73 $21.97 $17.66 $18.87 $17.37 $15.01 n/a $12.87 $19.40 $10.10 $20.06 $14.49 $17.39 $22.62

1947 1985 2017 1914 1910

1992 2005 n/a 2014 2000

$17 n/a $36 $25 $22

$17.91 $21.17 $19.50 $14.07 $13

U U

78,964 150,735 71,247 43,807 26,305

n/a 3,760 5,042 n/a 4,576

79,950 154,495 76,837 47,949 30,881

7 17 10 10 6

698 Seymour St/Seymour Bldg

M–Colliers/L–Colliers/Devin Ringham 604-692-1445

31,168

7,107

38,275 4

753 Seymour St/Vancouver Centre II

L–GWL Realty Advisors/Steffan Smith 604-713-6450

371,000

n/a

371,000 33

638 Smithe St/Vancouver Motors Bldg

L–Colliers/Marco DiPaolo 604-661-0838

27,843

n/a

27,843 2

535 Thurlow St/Phillips Bldg

M–Onni Group/Kyle Van Leeuwen 604-488-2771/ L–JLL/Scott MacDonald/Andrew Astles 604-990-6020

61,861

n/a

61,861 8

21

745 Thurlow St

M–QuadReal Property Group/L–QuadReal Property Group/Jeff Rank 604-975-9623

380,000

35,000

430,000 25

314

68 Water St/Deighton Bldg

M–Re/Max Commercial Advantage/L–Re/Max Commercial Advantage/John Moody 778-837-3760

27,000

9,500

45,500 5

170

141

500

M

YE ST

BO

1155 Robson St/John Robson Place 333 Seymour St/Grant Thornton Place 510 Seymour St/Five Ten 525 Seymour St/Seymour Bldg 576 Seymour St/Arts & Crafts Bldg

186 43 152 149 51 105 60 102 54 75

LA

22 12 22 10 15 18 7 16 9 8 3 10 8 16 6

BU

NG

220,129 76,499 214,000 69,497 140,180 170,778 83,068 150,771 75,254 59,483 27,644 106,200 28,025 144,000 129,762

AR

KI

EY

n/a 5,202 4,000 n/a 2,312 3,300 n/a n/a n/a n/a n/a 5,100 n/a n/a 47,092

A

AV CO ER A ST GE

OP

VA TE

NT AL

GE

n/a n/a n/a n/a n/a n/a $19 n/a $23 n/a $29 n/a n/a $23 n/a

220,129 71,297 210,000 57,190 137,868 167,087 83,068 139,569 72,000 59,483 27,644 101,100 28,025 138,308 82,670

RA AV E

AR

RE

RE

LS YE

1993 1999 2003 2014 2006 2006 2003 2004 2003 2008 n/a 2007 2007 n/a 2013

ST

OR

ILT

ST AL PA R

1973 1971 1991 1963 1980 1984 1967 1975 1955 1963 2008 1980 1912 1989 1956

S

247

M–Bentall Kennedy/Bruce Tanner 604-661-5084/L–Bentall Kennedy/Jeff Lim 604-661-5619 M–Bentall Kennedy/Bruce Tanner 604-661-5084/L–Bentall Kennedy/Jeff Lim 604-661-5619 M–Manulife Financial/Kathy Ireland 04-438-2302/L–Manulife Financial/Paula Wright 604-717-8235 M–BCG Properties 604-688-2942/L–Colliers/Devin Ringham 604-692-1445 M–Bentall Kennedy/Michael Cole 604-661-5632/L–Bentall Kennedy/Jeff Lim 604-661-5619 M–Bentall Kennedy/Michael Cole 604-661-5632/L–Bentall Kennedy/Jeff Lim 604-661-5619 M–Wicklow West/L–Wicklow West/Jason Sanders 604-689-5050 M–Reliance Properties Ltd 604-689-1119/L–Colliers/Dan Jordan 604-692-1472 M–Reliance Properties Ltd/L–Reliance Properties Ltd/Steve Horovitz 604-689-1119 M–Wicklow West/L–Wicklow West/Jason Sanders 604-689-5050 L–Avison Young/Dan Smith 604-646-8397 M–QuadReal Property Group 604-661-5084/L–QuadReal Property Group/Brent Lee 778-554-3520 M–Lumberman’s Building Corp/L–CBRE/Michael White 604-662-5120 M–Unimet Investments Ltd 604-688-1883/L–RPM Realty/Roy Gibbs 604-684-8291 M–Morguard Investments/Michael Walker 604-681-9474/ L–Morguard Investments/Faye Tam 604-602-6450 M–Warrington PCI/Deryk Brower 604-331-5232/L–Colliers/Derek May 604-661-0837 M–PCI Developments 604-684-1151/L–JLL/Mark Chambers 604-998-6005 M–Serracan Properties/L–Colliers/Marco DiPaolo 604-661-0838 M–Aquilini Group Properties 604-687-8813/L–Aquilini Group Properties/Drew Hardisty 604-909-7943 L–Macdonald Commercial/Eric Poon 604-714-4768

1050 Pender St W 1090 Pender St W 1095 Pender St W/Manulife Place 1112 Pender St W 1130 Pender St W 1140 Pender St W/Sun Life Financial Centre 1155 Pender St W/Shorehill Bldg 1166 Pender St W/Revenue Canada 1199 Pender St W 1201 Pender St W/East Asiatic House 1208 Pender St W/The Ritz 1285 Pender St W/Evergreen Bldg 509 Richards St/The Lumberman’s Bldg 605 Robson St/Vancouver House 969 Robson St/Robson Central

NO

ET FE RE UA

TO

TA L

SQ

QU LS TA I RE

E FIC

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

Office building directory

U U U U U

U

U

1971

n/a

$13

$13.15

U

2021

n/a

n/a

n/a

U

1925

2013

$32

$16

1966

1990

n/a

$14.75

U U

2015

n/a

n/a

$21.43

1899

1980

n/a

n/a $15

321 Water St/Hudson House

L–Corbel Commercial/Robert Tham/Marc Saul 604-609-0882

29,000

n/a

33,412 5

1895

n/a

n/a

332 Water St/Le Magasin

L–Corbel Commercial Inc/Robert Tham/Marc Saul 604-609-0882

20,000

n/a

21,208 3

1911

1965

n/a

$16

342 Water St

M–Bonavista Management/L–Cushman & Wakefield/David Mackay 604-639-9355

21,920

n/a

n/a

6

1910

n/a

n/a

$11.72

375 Water St/The Landing

M–Carrera Management Corp/Jonathan Grimble 604-340-9018/ L–Colliers/Blake Davies 604-694-7239

142,000

n/a

176,200 7

1905

1987

$36

$17.91

VANCOUVER CENTRAL BUSINESS DISTRICT SOUTH 858 Beatty St/Pivotal Bldg

M–Warrington PCI/Kim Steppan 604-331-5237/L–CBRE Ltd/Blair Quinn 604-662-5161

210,000

25,000

235,000 7

416

2002

n/a

$35

$20.69

U

800 Burrard St

M–Oxford Properties/Jesse Hague 604-893-3204/L–Oxford Properties/Ted Mildon 604-893-3230

202,024

20,214

222,238 19

296

1979

2000

n/a

$59.60

U

1200 Burrard St 1290 Burrard St/Offices at Burrard Place 1380 Burrard St/Kilborn Bldg 1001-1085 Cambie St/Yaletown Mews 1033 Davie St/Davie Bldg 89 Georgia St W/ Rogers Arena - West Tower 1168 Hamilton St 855 Homer St/855 Homer Street Inc

M–Colliers/L–Colliers/Derek May 604-661-0837 M–Reliance Properties Ltd 604-689-1119/L–Colliers/Dan Jordan/Devin Ringham 604-692-1472 M–Bentall Kennedy 604-646-2869/L–Bentall Kennedy/Jeff Lim 604-661-5619 L–JLL/Mark Trepp 604-998-6035 M–Pacific Crown Management/Lucilla Leung 604-263-0907/L–Colliers/Derek May 604-661-0837 M–Aquilini Properties 604-687-8813/L–CBRE Ltd/Blair Quinn 604-662-5181

61,525 150,000 114,256 65,000 33,293 88,484

n/a n/a n/a n/a n/a n/a

69,277 150,000 114,256 65,000 33,293 106,581

35

1979 2019 1982 1990 1959 2016

1999 n/a 2001 n/a 2013 n/a

n/a n/a n/a $20 $23 n/a

$17.95 n/a $17.92 $21.37 $17.35 $16

U

46,200 94,464

n/a 12,252

46,200 5 106,716 6

39 160

1916 1991

1989 n/a

$25 $27

$16.50 $17

34,473 43,856 44,500

10,399 n/a n/a

44,872 4 45,000 5 60,000 5

7

1930 1950 1908

1998 2000 1998

n/a $28 n/a

$18.74 $18.50 n/a

51,000 47,273

n/a 17,002

53,621 6 64,275 5

77

2003 1917

n/a 1993

n/a n/a

$19.62 $21.05

U

132,399

10,235

142,634 13

197

1982

n/a

n/a

n/a

U

190,029

9,329

199,358 11

169

1986

n/a

n/a

$20.90

U

97,840 260,000

5,624 4,836

103,464 10 269,000 16

109 217

1987 2015

2012 n/a

$24 n/a

$18.68 n/a

U U

98,785

2,361

101,146 9

65

1973

2007

$26

$18.88

1125 Howe St

M–BC Centre 86/Paula Eng 604-682-1339/L–Cushman & Wakefield/Iain Young 604-640-5807 M–H&R Building Management/Corrie Cotton 604-689-3800 ext 105/ L–Cushman & Wakefield/Max Zessel 604-640-5824 M–Allied Properties REIT/L–Allied Properties REIT/Gord Oughton 647-260-3736 L–CBRE Ltd/Geoff Donelly 604-662-5130 M–The Mangement Group/Moreno Zen 604-681-1816/ L–JLL/Corbin Macdonald/Andrew Astles 604-998-6034 M–MDC Property Services 604-678-0244/L–Colliers/Graham Davison 604-694-7206 M–GWL Realty Advisors/Jillian Mann 604-713-7724/ L–GWL Realty Advisors/Blair Stewart 604-713-8902 M–Morguard Investments/Michael Walker 604-681-9474/ L–Morguard Investments/Faye Tam 604-602-6450 M–GWL Realty Advisors/Randy Felty 604-713-6481/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–Warrington PCI/Deryk Brower 604-331-5232/L–Colliers/Derek May 604-661-0837 M–Manulife Real Estate/Kathy Ireland 604-438-2302/ L–Manulife Real Estate/Paula Wright 604-717-8235 M–Narland Management/Elissa Dabiri 604-681-2747/ L–Cushman & Wakefield/Hayden Elliott/David Mackay 604-640-5831 M–Wicklow West/L–Wicklow West/Jason Sanders 604-689-5050

268 Keefer St/Sun Wah Centre 1122 Mainland St

L–Avison Young/Justin Omichinski/Michael Buchan 604-646-8387 M–Mainland Ventures/Alan Firth 604-732-6540/L–JLL/Mark Trepp 604-998-6035

948-950 Homer St/Chintz Bldg 990 Homer St 1008 Homer St/North Western Bldg 1085 Homer St/The Cossette 1090 Homer St 865 Hornby St/Chancery Place 840 Howe St/Robson Court 900 Howe St 980 Howe St 1045 Howe St

00_Office Space 2018_01 2.indd 54

10 13 7 3 6 26

117 82 84

128,912

n/a

128,912 14

150

1985

2007

n/a

$13.22

32,000 60,333

28,000 20,812

60,000 7 81,145 5

245 66

1987 1915

n/a 1991

$15 $32

$9.50 $16.25

U

2018-05-17 3:08 PM


69,300 9

56,480 59,048 22,380 28,433

AT I

NG

RA TE

ER

n/a

n/a

n/a

n/a

60 16 26

1910 1988 n/a 2018

n/a 2004 n/a n/a

$28.50 n/a $31 n/a

$9.50 $18.02 $11.75 $13.25

86 500

1978 1972 2009

n/a n/a n/a

n/a $20 n/a

$14.73 $18.25 $23.11

1973 2018

1988 n/a

$28 n/a

$16.76 $16.75

n/a n/a n/a

n/a n/a $20

$16.75 n/a $11.21

YE

BU

NG

ST

AR

KI

M

$19.05

A

OP

VA TE

NT AL

RE GE

n/a

BO

n/a

AR

1999

RA

AV CO ER A ST GE

69,300

RE

LS

AV E

209,200 25

LA

n/a

ILT

ST AL YE

1982

S

235

EY OR

190,000

NO

ET FE RE UA

TO

TA L

SQ

QU LS TA I RE

E FIC

PA R

777 Pat Quinn Way/ Rogers Arena - East Tower

M–Nelson Square Management/Rose Ma 604-684-2472/ L–Cushman & Wakefield/Jennifer Robertson 604-640-5894 M–Aquilini Group Properties/L–Aquilini Group/Renzo Barrazuol 604-687-8813

ST

808 Nelson St/Nelson Square

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

| 55

VANCOUVER BROADWAY — SURROUNDING AREA 1706 1st Ave W/20.0 Bldg 1505 2nd Ave W/Main Gate 106 & 112 6th Ave E/The Alpha Bldg 204 6th Ave W 828 6th Ave W 1750 10th Ave E/Eastvan Medical Centre 505-525 Broadway W/ Cross Roads Complex 1770 Burrard St 565 Great Northern Way 569 Great Northern Way 1553-1557 Main St/Central 2425 Quebec St/ Mountainview Professional Bldg 333 Terminal Ave 369 Terminal Ave/Vantech Centre II 2920 Virtual Way/ Broadway Tech Centre - Bldg 6 2925 Virtual Way/ Broadway Tech Centre - Bldg 1 2940 Virtual Way/ Broadway Tech Centre - Bldg 7 2955 Virtual Way/ Broadway Tech Centre - Bldg 2 2985 Virtual Way/ Broadway Tech Centre - Bldg 3

L–Cushman & Wakefield/Bob Watt 604-640-5818 M–Gulf Pacific Group 604-990-1500/L–Avison Young/Justin Omichinski/Josh Sookero 604-646-8387 M–Alpha Equities Ltd 604-279-0344/L–CBRE/Luke Gibson 604-662-5142 M–MDC Property Services 604-678-0244/ L–Cushman & Wakefield/Matthew MacLean/Chris Newton 604-640-5855 M–TPMG Capital 604-739-6188/L–TPMG Capital/Glenn Wood 604-742-3463 M–TPMG Capital/Irene Leung 604-739-6188/L–TPMG Capital/Glenn Wood 604-742-3463 M–Triovest Realty Advisors/L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504

56,480 30,767 22,380 28,433

n/a n/a n/a n/a

5 5 3 4

28,000 27,000 101,729

n/a 28,000 4 n/a 27,000 5 122,229 223,958 5

L–Avison Young/Robin Buntain 604-647-5085 L–CBRE/Luke Gibson 604-662-5142

44,708 161,000

n/a 3,000

47,411 4 n/a 7

M–PCI Developments 604-684-1151/L–CBRE Ltd/Luke Gibson 604-662-5142 M–Onni Property Managemenrt/Kyle Van Leeuwen/L–Onni Group/John Middleton 604-602-7711 M–Eurocan Industries Inc/L–NAI Commercial/Conor Finucane 604-691-6604

65,000 85,000 21,000

n/a 14,000 n/a

65,000 7 104,000 7 21,000 3

35

2018 2014 1980

M–369 Terminal Holdings/Irwin Lee 604-899-2788/ L–Lee & Associates/Howard Malchy 604-895-2226 M–369 Terminal Holdings/Irwin Lee 604-605-0166/ L–Lee & Associates/Howard Malchy/Russell Long 604-895-2226 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/ L–QuadReal Property Group/Jeff Rank 604-975-9623

114,000

4,198

133,000 8

151

1990

1996

$22

$11

144,000

1,658

159,000 8

172

2000

n/a

$28

$12

160,000

10,000

175,000 4

2015

n/a

n/a

n/a

U

113,941

n/a

113,941 4

2008

n/a

n/a

$15.27

U

79,413

n/a

79,413 3

2010

n/a

n/a

n/a

U

147,118

n/a

147,118 5

2001

n/a

n/a

$17.15

U

113,932

n/a

113,932 4

2001

n/a

n/a

$16.65

U

82,678 54,544 20,319 129,000 122,880 79,096 53,000 85,100 20,500 42,412 82,000 50,862 46,659

n/a n/a n/a 141,000 n/a 8,333 n/a n/a 5,202 8,129 8,000 6,336 10,401

95,412 54,544 20,319 270,000 133,000 n/a 75,000 100,857 25,702 50,541 90,000 62,297 57,060

1982 1979 1975 1989 1960 2014 1988 1974 1971 1982 2012 1972 1989

2008 2004 n/a 2002 1997 n/a n/a n/a n/a 1999 n/a 1993 2008

n/a $18 $21 n/a $27 $34 $26 $25 $18 $29 n/a n/a $26

$19.33 $18.03 $18.15 $21.75 $22.44 $20 $18.50 $22.93 $19.92 $17.11 $15.50 $18.87 $17.51

U

80

190

U

U U

VANCOUVER BROADWAY CORRIDOR 1385 8th Ave W 1401 8th Ave W/Malvern Bldg 1525 8th Ave W 555 12th Ave W/City Square 750 Broadway W/Fairmont Medical Bldg 550-558 Broadway W/Neelu Bachra Centre 777 Broadway W 805 Broadway W/805 Broadway Centre 812 Broadway W/Willow Medical Bldg 943 Broadway W/Broadway Medical Bldg 988 Broadway W/Broadway & Oak 999 Broadway W/BCAA Bldg 1001 Broadway W

M–Triovest Realty Advisors 604-484-0906/L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 M–Wicklow West/L–Wicklow West/Jason Sanders 604-689-5050 L–Cushman & Wakefield/David Mackay 604-639-9355 M–City Square Property Holdings 604-876-5165/L–Colliers/Marco DiPaolo 604-661-0838 M–Peterson Commercial/Leeza Vasiliev 604-688-4885/–Peterson Commercial/Ivy Yung 604-699-5209 M–Orca West Developments 604-709-3355/L–Dorset Realty/Damien Roussin 604-270-1711 M–777 West Broadway Holdings/L–CBRE/Geoff Donelly 604-662-5130 M–SDM Realty Advisors 604-688-5658/L–SDM Realty Advisors/Jeff Toews 778-383-6280 M/L–Prospero Int’l/Jeff Nightingale 604-669-7733 L–CBRE/Brad Haw 604-662-5132 M–BlueSky Properties/L–Colliers/Marco diPaolo 604-661-0838 M–TPMG Capital/Irene Leung 604-739-6188/L–TPMG Capital/Glenn Wood 604-742-3463 M–Rosebud Properties Ltd 604-738-4777/ L–Cushman & Wakefield/Matthew MacLean/Chris Newton 604-640-5855

Our Business is Your Business Keep your finger on the pulse of business in Vancouver.

6 4 3 6 14 7 12 19 7 10 9 9 6

161 109 44 726 144 156 96 167 150 134

U U

U

Envirosafe Janitorial Inc. A clean healthy workplace is our mission We specialize in carpet cleaning, window cleaning, janitorial services, floor stripping and finishing since 1988. Contact @ 1-866-2MISAFE (1 866-264-7322) 604-220-6657 Cell 604-507-5535 Office

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2018-05-17 3:08 PM


56 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

NG

RA TE

ER

1994 1998

n/a n/a

$27 n/a

$19.15 $22

U U

n/a

66,568 5

170

1970

2003

$32

$16.06

n/a n/a 14,722

37,421 3 55,669 5 90,666 5

187

1956 1985 1988

1993 n/a n/a

$21 n/a n/a

$12 $21.47 $21.57

22 196

1959 1920 1920 1974

2001 n/a 1971 2002

n/a n/a n/a $23

$18.89 $18.50 n/a $20.98

152,000 7

160

2020

n/a

n/a

$13.50

n/a

172

1972

2004

$29

$15.87

M–Warrington PCI/Elizabeth Han/L–CBRE/Brad Haw 604-662-5132 M–CREIT Management/Ryan Swire 604-683-1185/ L–CREIT Management/Robert O’Brien 604-683-1185 M–CBRE/L–Colliers/Derek May 604-661-0837

30,000 82,291

n/a 64,183

66,568

M–Orr Development 604-731-8261/L–CBRE/Brad Haw 604-662-5132 L–TPMG Capital/Glenn Wood 604-642-3463 M–SDM Realty Advisors/Dale Mumford 778-383-6273/ L–SDM Realty Advisors/Stephen Duyvewaardt 778-383-6272 M–TPMG Capital/Irene Leung 604-739-6188/L–TPMG Capital/Glenn Wood 604-742-3463 L–RPM Realty/Chris Oteman 604-684-8291 M–Turner Meakin/Brian Meakin 604-736-7020/L–CBRE/Brad Haw 604-662-5132 M–Macdonald Commercial/Nick Marini 604-736-5611/ L–Macdonald Commercial/Eric Poon 604-714-4768 L–Cushman & Wakefield/Boe Iravani/Roger Leggatt 604-640-5837

25,129 55,669 72,757 33,081 30,000 21,398 58,204

6,828 n/a n/a 38,280

42,237 30,000 n/a 96,484

5 3 3 5

152,000

n/a

M–Maple Leaf Property Management/Dali Janic 604-925-8215/L–Maple Leaf Property Management 120,000

n/a

M BO

LA

ST

YE

BU

NG

64

AR

KI

EY OR

TO

TA I

1401 Broadway W 1508 Broadway W

A

AV CO ER A ST GE

OP

VA TE

NT AL

RE

RE

GE

AR

265

61,521 109,684 192,813 58,970

RA AV E

34,000 8 146,474 9

n/a 23,485 8,775 20,413

488 Railway St/The Maker Exchange

LS

U U

61,521 83,821 184,038 31,982

2184 Broadway W/Regent Medical Bldg 2515 Burrard St 2590 Granville St/Chapman Bldg 2608 Granville St/South Granville Centre

ILT

YE

$23.11 $19.95 $19.62 $17.01

L–Re/Max Central/Dave Hall 604-718-7309 M–Triovest Realty Advisors 604-484-0906/L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 M–Triovest Realty Advisors 604-484-0906/L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 M–S & U Homes 604-733-3532/L–Dorset Realty Group/Colin Schuss 604-270-1711

1727-1755 Broadway W

ST AL PA R

$30 n/a n/a $22

S ST

n/a 2014 n/a n/a

TA L

1995 1984 1991 1990

1055 Broadway W/The Michaelangelo 1285 Broadway W 1333 Broadway W 1338 Broadway W/Broadway Pacific Place

1847 Broadway W/Orr Bldg 1985 Broadway W/Wawanesa Bldg 2025 Broadway W/Mainframe Bldg

NO

ET FE RE UA

SQ

QU

220 419 120

LS

8 8 14 4

RE

E FIC

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

Office building directory

U U

U

WEST VANCOUVER 100 Park Royal South

12

NORTH VANCOUVER 930 1st St W/Capilano Business Park II

M–Bentall Kennedy 604-646-2880/L–Bentall Kennedy/Tim Evans 604-233-1009

86,618

n/a

86,618 2

129

1992

n/a

n/a

$8.55

U

980 1st St W/Capilano Business Park I

M–Bentall Kennedy 604-646-2880/L–Bentall Kennedy/Tim Evans 604-233-1009

84,059

n/a

84,059 2

133

1991

n/a

n/a

$8.54

U

949 3rd St W/Capilano Business Park III

M–Bentall Kennedy 604-646-2880/L–Bentall Kennedy/Tim Evans 604-233-1009

160

121,197

n/a

121,197 2

1994

n/a

n/a

$7.76

U

125 13th St E/Northmount Medical Centre 2 M–Warrington PCI/Karin Fung 604-331-5236/ L–Cushman & Wakefield/Brad Newman-Bennett 604-640-5860

25,158

n/a

25,158 4

1973

1991

$19

$19.49

U

138 13th St E/CentreView

2017

n/a

$32

$14.50

U

1969

1992

$19

$19.49

U U

78,800

91,200

n/a

145 13th St E/Northmount Medical Centre 1 M–Warrington PCI/Karin Fung 604-331-5236/ L–Cushman & Wakefield/Brad Newman-Bennett 604-640-5860

27,500

n/a

27,500 10

132 Esplanade W/Esplanade Place 1

M–Wesgroup Properties 604-633-2888/L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398

65,000

8,000

73,000 5

100

1991

n/a

$23

$15.96

171 Esplanade W/Esplanade Place

M–Gulf Pacific Group/Ryan Russell 604-990-1500/ L–Forman Pilkington/Ross Forman/Jeff Pilkington 604-980-3003 M–SDM Realty Advisors/Dale Mumford 778-383-6273/ L–SDM Realty Advisors/Jeff Toews 778-383-6280 M–Sodican/Linda Urquhart 604-988-0646/L–Forman Pilkington/Ross Forman 604-980-3003 M–Colliers/Bunny Wortman 604-661-0853/ L–Forman Pilkington/Ross Forman/Jeff Pilkington 604-980-3003 M–GWL Realty Advisors/Peter Jenkins 604-713-8920/ L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 L–CBRE/Lawson Chu 604-662-5116 M–GWL Realty Advisors/Peter Jenkins 604-713-8920/ L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 M–Avison Young/L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398

66,266

n/a

71,325 6

87

1984

1992

$22

$15.21

157,410

n/a

157,410 6

233

1983

n/a

n/a

$19.16

U

45,605 50,507

12,891 n/a

58,496 6 52,737 3

139 160

1981 1986

n/a n/a

$22.50 $18

$15.69 $12.25

U U

37,476

n/a

37,476 4

76

2001

n/a

n/a

$15.49

U

32,000 33,750

n/a n/a

32,000 2 33,750 2

20 58

2005 2001

n/a n/a

$21 n/a

$7.50 $14.03

U

45,000

n/a

45,000 4

2009

n/a

$26

$11.91

M–Concert/Karen Rahal 604-602-3732/L–Avison Young/Terry Thies 604-646-8398

74,670

n/a

74,670 3

160

2002

n/a

$24

$13.85

U

L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 M–Turner Meakin/Brian Meakin 604-736-7020/L–Avison Young/Matt Thomas 604-687-7331 M–SDM Realty Advisors/Dale Mumford 778-383-6273/ L–SDM Realty Advisors/Jeff Toews 778-383-6280

21,800 27,095 28,000

7,000 9,992 12,000

28,800 4 48,865 3 40,000 3

61 112

2010 1980 1988

n/a 2002 2000

$23.50 $18 n/a

$13.91 $18.77 $20.17

U U

221 Esplanade W 224 Esplanade W/Harbour Quay 267 Esplanade W/West Quay Centre 38 Fell Ave/Harbourside Centre 50 Fell Ave/Dockside Business Centre 788 Harbourside Dr/Harbourside Centre 850 Harbourside Dr/ Harbourside Corporate Centre 889 Harbourside Dr/Harbourside Business Park - Waterfront Bldg 1 1133 Lonsdale Ave 1200 Lonsdale Ave/Lonsdale Place 1200 Lynn Valley Rd/ Valley Professional Centre

M–Onni Group/Dustin Cromie 604-602-7711/L–Onni Group/John Middleton

5

VANCOUVER 2889 12th Ave E/Renfrew Centre

M–Blackwood Partners 780-481-8860/L–JLL/Andrew Laurie/Mark Chambers 604-329-1122

161,356

9,195

170,551 7

1200 73rd Ave W/Airport Square 5655 Cambie St/Oakridge Place 5740-5780 Cambie St/Oakridge Plaza 5550 Fraser St 1868 Glen Dr/GX Bldg 3195 Granville St/Hycroft Centre 887 Great Northern Way/QLT Bldg 2 2806 Kingsway/Dundee Centre 608 Main St/Wayfoong House 2015 Main St

M–Colliers/Daniel Mok 604-662-2687/L–NAI Commercial/Rob DesBrisay 604-691-6602 M/L–Prospero Int’l/Jeff Nightingale 604-669-7733 M–Bentall Kennedy/Glen Cartier 604-661-5000/L–Bentall Kennedy/Tim Evans 604-233-1009 L–Avison Young/Jason Mah/David MacFadyen 604-647-5096 L–Re/Max Central/Steve Hall/Braden Hall 604-718-7317 M–Wesgroup Properties/L–Colliers/Derek May 604-661-0837 L–CBRE/Blair Quinn 604-662-5131 L–Colliers/Brian Mackenzie 604-661-0829 L–Corbel Commercial/Robert Tham/Marc Saul 604-609-0882 L–CBRE/Blair Quinn/Tara Finnegan 604-662-5161

222,000 20,149 44,695 52,465 50,000 35,245 164,236 20,520 27,823 43,180

n/a 6,749 n/a n/a n/a 500 n/a n/a n/a n/a

222,000 26,898 44,695 52,465 50,000 36,500 164,236 28,674 28,045 43,180

00_Office Space 2018_01 2.indd 56

14 3 3 3 2 3 5 3 5 3

444 80

81 327 52 20

2016

n/a

n/a

$14.85

1975 1965 1959 1956 2002 1957 2000 1990 1996 2018

2000 n/a 2005 n/a n/a 1999 2010 2012 n/a n/a

$22 $19 n/a $16 $14 n/a n/a $22 $25 n/a

$13.67 $21.92 $26.84 $7 $10.19 $19.59 $17.89 $9.50 $12 $17.50

U U

U

2018-05-17 3:08 PM


AT I

NG

RA TE

ER

n/a

n/a

$15.52

L–Avison Young/Jake Luft/Justin Omichinski 604-647-1340 L–Cushman & Wakefield/Matthew MacLean/Chris Newton 604-640-5855 L–CBRE/Blair Quinn 604-662-5161 M–TPMG Capital 604-739-6188/L–TPMG Capital/Glenn Wood 604-742-3463

35,050 34,500 105,872 19,742

n/a n/a n/a 6,841

35,050 75,000 105,872 26,583

2019 1919 2015 1976

n/a n/a n/a 2003

n/a n/a n/a n/a

$14 $13.54 $13 $19.66

L–CBRE/Brad Haw 604-662-5132

20,000

n/a

32,300 3

1991

2005

$25

$17.92

31,925 119,315

n/a n/a

31,925 3 119,315 6

338

1979 1998

n/a n/a

$13.50 n/a

$9 $15.99

U

4259 Canada Way/Canada Way I 4299 Canada Way/Canada Way II 4585 Canada Way/ Canada Way Business Park 4595 Canada Way/ Canada Way Business Park 4601 Canada Way/ Canada Way Business Park - Bldg A 4611 Canada Way/ Canada Way Business Park - Bldg B 4621 Canada Way/ Canada Way Business Park - Bldg C 4940 Canada Way/Deer Lake Centre II 4946 Canada Way/Deer Lake Centre I 4370 Dominion St/Central Place 4400 Dominion St 7350 Edmonds St/Kings Crossing

M–BC Ministry of Transportation/L–Davies Hall/Peter Hall 604-718-7300 M–GWL Realty Advisors/Jillian Mann 604-713-7724/ L–GWL Realty Advisors/Steffan Smith 604-713-6473 M–Redstone Group 604-596-5622/L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Redstone Group 604-596-5622/L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–GWL Realty Advisors/Blair Stewart 604-713-8902/ L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076 M–GWL Realty Advisors/Blair Stewart 604-713-8902/ L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076 M–GWL Realty Advisors/Blair Stewart 604-713-8902/ L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076 M–GWL Realty Advisors/Blair Stewart 604-713-8902/ L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076 M–GWL Realty Advisors/Blair Stewart 604-713-8902/ L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076 M–Colliers 604-681-4111/L–Avison Young/Matthew Craig/Matt Walker 604-647-5076 M–Colliers 604-681-4111/L–Avison Young/Matthew Craig/Matt Walker 604-647-5076 M–Redstone Group/L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Redstone Group/L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 L–CBRE/Luke Gibson 604-662-5142

59,008 30,499 50,022

n/a 28,928 n/a

59,008 2 59,500 2 50,022 4

196 175 94

1973 1972 1982

1998 1999 1996

n/a n/a n/a

$13.57 $13.87 $14.42

U

50,035

n/a

50,035 4

94

1982

1996

n/a

$14.09

U

87,231

n/a

87,231 5

345

2000

n/a

n/a

$15.26

U

70,432

n/a

70,432 4

298

2001

n/a

n/a

$15.48

U

74,480

n/a

74,480 4

279

2000

n/a

n/a

$15.53

U

97,204 88,572 58,542 69,167 63,372

n/a n/a n/a 23,833 7,055

107,880 103,008 63,894 93,000 70,427

1981 1981 1983 1977 2018

n/a n/a 1999 2006 n/a

n/a n/a $17 $17 $25

$13.60 $13.91 $13.96 $16.39 $14

U U

M BO

LA

ST

YE

BU

NG

AR

KI

57

YE

PA R

EY OR

TO

TA I RE

FIC OF

ST

6 3 5 3

A

AV CO ER A ST GE

OP

VA TE

NT AL

RE GE

2015

RA

259,000 19

S

19,000

TA L

240,000

LS

M–Triovest 604-484-0901/L–Colliers/Rob Chasmar/John Freyvogel 604-681-1111

450 Marine Dr SW/ Marine Gateway on Canada Line 353 Railway St/Bench 1150 Station St/Pacific Central Sation 1628 Station St/Block Data Center 5511 West Blvd/ Cedarhurst Professional Bldg 5687 Yew St

E

AV E

AR

ILT

ST AL

RE

LS

NO

ET FE RE UA

SQ

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

QU

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

| 57

BURNABY 7818 6th St/Executive Plaza East 4250 Canada Way/Pacific Blue Cross

5 5 6 5 6

167 225

3480 Gilmore Way/Discovery Place Bldg 8

M–Bentall Kennedy/Joanne Montgomery 604-661-5624/L–Bentall Kennedy/Jeff Lim 604-661-5619

48,758

n/a

48,758 3

144

2002

n/a

n/a

$13.72

U

3555 Gilmore Way/ Discovery Place - Phase III

M–SDM Realty Advisors/Dale Mumford 604-688-5658/ L–SDM Realty Advisors/Steve Duyvewaardt 604-688-5658

80,797

n/a

80,797 3

331

2015

n/a

$25

$12.82

U

3605 Gilmore Way/Discovery Place

M–Bentall Kennedy/Joanne Montgomery 604-661-5624/L–Bentall Kennedy/Jeff Lim 604-661-5619

44,868

n/a

44,868 3

138

2000

n/a

n/a

$15.29

U

9200 Glenlyon Pky/Nokia Bldg

M–Peterson Commercial/Leeza Vasilliev 604-688-4885/ L–Peterson Commercial/Ivy Yung 604-699-5209

97,000

n/a

97,000 3

310

2003

n/a

n/a

$14.03

U

164,580 23,069 44,000

n/a n/a n/a

164,580 3 23,069 2 57,000 3

471 78 100

2009 1990 1980

n/a n/a n/a

n/a $25 n/a

$12.62 $13.78 $14.01

U

57,400

n/a

57,400 7

1985

2000

$20

$14.27

170,000 79,000

30,000 n/a

200,000 18 89,759 4

390 266

2000 1989

2007 n/a

$30 $22

$12.91 $17.77

264,000

n/a

264,000 28

500

1989

n/a

n/a

$18.20

U

352,000

n/a

352,000 30

415

1991

n/a

n/a

$18.20

U

411,472 71,236 23,000 86,521

n/a n/a n/a n/a

411,472 77,053 25,984 86,521

2014 2007 1982 1984

n/a n/a 1991 n/a

n/a $26 $16.50 n/a

$14.26 $13.50 $14 $13.35

U

154 75 453

69,973

n/a

69,973 5

453

1983

1996

n/a

$14.23

U

107,246 195,883

23,000 n/a

135,000 12 195,883 3

300 348

2010 1975

n/a 1999

$28 $20

$15 $14.25

U U

27,825

n/a

27,825 3

60

1981

2011

$12.50

$11.25

U

117,031 108,966

n/a 7,225

134,171 6 116,200 6

296 200

1999 2008

n/a n/a

$20 $26

$12.97 $13.83

U

66,228 65,354 66,404 52,804

n/a n/a n/a n/a

66,228 65,354 66,404 78,000

321 321

2012 2012 n/a n/a

n/a n/a n/a n/a

$13.35 $13.35 $15.81 $17.50

U U U U

9500 Glenlyon Pky 4430 Halifax St/Halifax Bldg 3665 Kingsway/Boundary Plaza

M–GWL Realty Advisors 604-713-7724/L–GWL Realty/Steffan Smith 604-713-6480 M–Bosa Development/Dean Reed 604-294-0666/L–JLL/Mark Trepp 604-998-6035 M–Warrington PCI/Karin Fung 604-331-5236/ L–Cushman & Wakefield/Max Zessel/Kyle Wilson 604-640-5824 4211 Kingsway/Burnaby Centre M–Burnaby Centre Management 604-438-4544/ L–NAI Commercial/Rob DesBrisay/Jesse Godin 604-691-6602 4555 Kingsway/Central Park Place M–Bosa Properties/Enzo Marino 604-336-8971/L–Bosa Properties/Kate Rizzardo 604-416-1499 4603 Kingsway/Metropointe M–Macdonald Commercial/Nick Marini 604-736-5611/ L–Macdonald Commercial/Eric Poon 604-714-4768 4710 Kingsway/Metrotower I M–Avison Young/Natalie Bishop 604-283-0887/ L–Colliers/Rob Chasmar/Jaseon Teahen 604-661-0822 4720 Kingsway/Metrotower II M–Avison Young/Natalie Bishop 604-283-0887/ L–Colliers/Rob Chasmar/Jaseon Teahen 604-661-0822 4730 Kingsway/Metrotower III M–Avison Young/Natalie Bishop 604-283-0887/L–CBRE/Luke Gibson 604-662-5142 4789 Kingsway/Centrepoint L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 5172 Kingsway/Burlington Square L–Colliers/Rob Chasmar/Brian MacKenzie 604-681-4111 4180 Lougheed Hwy/ M–Onni Group/Dustin Cromie 604-602-7711/ Lougheed Commerce Court I L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 4190 Lougheed Hwy/ M–Onni Group/Dustin Cromie 604-602-7711/ Lougheed Commerce Court II L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 4445 Lougheed Hwy/Commerce@citi M–Bosa Development 604-294-2742/L–SDM Realty Advisors/Jeff Toews 778-383-6280 4664 Lougheed Hwy M–Peterson Commercial/Leeza Vasiliev 604-688-4885/ L–Peterson Commercial/Ivy Yung 604-699-5209 3920 Norland Ave/Jack Munro Bldg M–Martello Property Services/Tony Akester 604-681-6544/ L–Colliers/Rob Chasmar/Brian MacKenzie 604-681-0829 2700 Production Way/One Innovation Place M–Narland Management 604-681-2747/L–Colliers/Rob Chasmar/Brian MacKenzie 604-661-0822 3292 Production Way/Lake City Centre M–Colliers/Daniel Mok 604-662-2687/ L–Cushman & Wakefield/Alex Morris/Roger Leggatt/Max Zessel 604-640-5806 6400 Roberts St/Sperling Plaza I M–Bosa Development/Dean Reed 604-294-0666/L–JLL/Mark Trepp/Andrew Laurie 604-998-6035 6450 Roberts St/Sperling Plaza II M–Bosa Development/Dean Reed 604-294-0666/L–JLL/Mark Trepp/Andrew Laurie 604-998-6035 1901 Rosser Ave/Madison Centre M–Bosa Development/Dean Reed 604-294-2742/L–JLL/Mark Trepp/Mark Chambers 604-998-6035 6060 Silver Ave/Station Square Phase 2 M–Anthem Properties 604-689-3040/L–JLL/Mark Chambers/Andrew Laurie 604-998-6005

00_Office Space 2018_01 2.indd 57

29 6 3 6

4 4 8 3

1975 1975 2001 1,150 2018

U

U

2018-05-17 3:08 PM


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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

AT I

NG

RA TE

ER BO

2014

n/a

$17.49

U

47,342

n/a

47,342 3

131

1990

n/a

n/a

$15.82

U

148,172 238,742

n/a n/a

148,172 5 238,742 6

529 684

1992 2001

n/a n/a

n/a n/a

$14.67 $15.22

U

87,270

n/a

87,270 4

211

2001

n/a

n/a

$21.25

U

91,574

n/a

91,574 4

333

2010

n/a

n/a

$15.77

U

144,666

n/a

144,666 4

247

2010

n/a

n/a

n/a

U

70,600

n/a

70,600 3

223

1999

n/a

n/a

$19.03

U

96,276

n/a

96,276 2

340

1996

n/a

n/a

$13.78

U

25,000 227,559 45,149 46,782

n/a 100,000 8,243 n/a

28,429 n/a n/a 46,782

77

1972 2015 2016 1986

1992 n/a n/a 2009

$22 n/a $25 n/a

$12.60 $13.50 $14 $13.50

24,000

15,000

39,000 7

2013

n/a

n/a

n/a

50,000 25,714

n/a 12,792

50,000 4 42,409 30

1997 2015

n/a n/a

n/a $22

$11.55 $14

LA

M

ST

YE

BU

NG

147

AR

KI

EY OR

TO

TA I RE

ST

2 12 4 3

A

AV CO ER A ST GE

OP

VA TE

NT AL

RE GE

1991

RA

150

S

80,074 4

TA L

AV E

AR

ILT

ST AL

RE

LS

NO

ET FE RE UA

SQ

QU

n/a

LS

80,074

E

YE

M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/ L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504 4185 Still Creek Dr/1501 Willingdon Park M–Triovest Realty Advisors/Dean De Sousa 604-639-8000/ L–Trovest Realty Advisors/Jocelyne Legal 604-642-4504 4260 Still Creek Dr/1503 Willingdon Park L–Colliers/Rob Chasmar 604-661-0882 4321 Still Creek Dr/1506 Willingdon Park M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/ L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504 4333 Still Creek Dr/1507 WIllingdon Park M–Triovest Realty Advisors/Dean De Sousa 604-639-8000/ L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504 4350 Still Creek Dr/1508 Willingdon Park M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/ L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504 4370 Still Creek Dr/1509 Willingdon Park M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/ L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504 4401 Still Creek Dr/1505 Willingdon Park M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/ L–Triovest Realty Advisors/Jocelyne Legal 604-642-4504 3001 Wayburne Dr/ M–GWL Realty Advisors/Blair Stewart 604-713-8902/ Canada Way Business Park L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076 1899 Willingdon Ave/1899 Willingdon Bldg M–Prospero Int’l 604-669-7733/L–Prospero Int’l/Rick Halliday 778-231-5285 2025 Willingdon Ave/The SOLO District M–Appia Group of Companies 604-294-2742/L–JLL/Mark Trepp 604-998-6035 6222 Willingdon Ave/Modello L–Cushman & Wakefield/Sean Ungemach/Kyle Wilson 604-640-5823 3185 Willingdon Green M–Redstone Group 604-596-5622/L–Cushman & Wakefield/Max Zessel 604-640-5824

PA R

4170 Still Creek Dr/1502 Willingdon Park

FIC

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

Office building directory

COQUITLAM 2950 Glen Dr/The Oasis

M–Onni Property Management/Joel Rao 604-602-7711/ L–Cushman & Wakefield/Craig Ballantyne 604-683-3111 2963 Glen Dr/Westwood Corporate Centre L–JLL/Andrew Laurie/Mark Chambers 604-998-6008 3007 Glen Dr/Evergreen@Westwood Village M–Bosa Properties 604-558-8665/L–CBRE/Luke Gibson/Lorayne Mercado 604-662-5142

102

U

NEW WESTMINSTER 611 Agnes St

M–QuadReal Property Group/L–QuadReal Property Group/Brent Lee 778-554-3520

57,092

5,009

62,101 4

n/a

n/a

n/a

$7.01

625 Agnes St/Queen’s Court

L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091

67,562

n/a

85,610 5

97

1981

1991

n/a

$12.38

U

1001 Columbia St/Columbia Square Plaza

L–CBRE/Luke Gibson/Michael White 604-662-5142

20,000

n/a

20,000 3

450

1994

n/a

$30

$15.87

11 Eighth St/Anvil Office Tower

M–H&R Building Management/Corrie Cotton 604-689-3800 ext 105/ L–Cushman & Wakefield/Max Zessel 604-640-5824

137,020

n/a

137,020 14

165

2014

n/a

$25

$14

223 & 233 Nelson’s Cres/ The Brewery District Bldg 2

M/L–Wesgroup Properties/Rob Eyers 604-633-2898

60,000

48,000

108,000 6

2010

n/a

n/a

n/a

U

287 Nelson’s Crt/ The Brewery District Bldg 1 - TransLink

M–Wesgroup Properties/Rob Eyers 604-633-2898/ L–JLL/Mark Chambers/Andrew Laurie 604-998-6005

236,000

29,000

265,000 8

2013

n/a

n/a

$13.81

U

960 Quayside Dr/First Capital Place

M–Warrington PCI/Lilly Zhou 604-331-5226/L–Warrington PCI/Sanjay Sudra 604-331-5256

48,094

16,998

65,092 4

130

1988

n/a

n/a

$17.39

U

620 Royal Ave/Royal Avenue Centre 500 Sixth Ave/Queen’s Park West

L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 M–UPG Uptown Property Group/Donna Bisaro 604-525-8818/ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M/L–Value Property Group 604-606-7000 M–UPG Uptown Property Group/Donna Bisaro 604-525-8618/ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–Bentall Kennedy 604-661-5679/L–Paramount Realty/Don Ellis 604-442-3911 M–UPG Uptown Property Group/Donna Bisaro 604-525-8818/ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–UPG Uptown Property Group/Donna Bisaro 604-525-8866/ L–UPG Uptown Property Group/Bart Slotman 604-688-7750

48,000 20,000

n/a 7,000

48,000 3 27,000 4

65 48

1988 2014

n/a n/a

n/a n/a

$13 n/a

U

55,581 41,600

13,929 12,000

69,510 6 54,000 4

140 162

2000 2008

2014 n/a

$22 n/a

$13.67 n/a

U

23,137 34,600

n/a 82,000

23,137 3 118,600 4

40 354

1962 1978

n/a 2012

n/a n/a

$17.88 n/a

U U

30,000

10,000

40,000 4

79

2001

n/a

n/a

n/a

U

M–Warrington PCI 604-331-5242/L–Warrington PCI/Sanjay Sudra 604-331-5256 M–Bosa Properties/L–Bosa Properties/Darrell Hurst 604-412-0464 M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009 M–BCIT/L–Altow Realty Group/Andrew Altow 604-910-5180

36,402 21,170 98,669 85,000

75,529 n/a n/a n/a

119,931 21,170 98,669 85,000

6 4 3 5

350 277 225

1987 1973 1981 2007

n/a n/a 1992 n/a

n/a n/a n/a n/a

$20.99 $3.50 $12.75 $9.50

U U U

M/L–Compass Point/Mark Morrison 604-214-8645

67,150

n/a

71,657 3

196

1998

n/a

$16

$12.85

M/L–Compass Point/Mark Morrison 604-214-8645

69,286

n/a

69,286 3

230

1999

n/a

$16.50

$11.50

M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920

40,130

n/a

40,130 1

130

1989

2007

n/a

$13.86

U

55,788

n/a

55,788 2

112

1990

2006

n/a

$13.43

U

78,125

n/a

78,125 2

232

1993

2005

n/a

$13.02

U

628 Sixth Ave/Royal Bank Bldg 505 Sixth St/Westminster Centre South 550 Sixth St/Sixth and Sixth Bldg 555 Sixth St/Westminster Centre 601 Sixth St/Uptown Centre

RICHMOND 8171 Ackroyd Rd/Richport Town Centre 13955 Bridgeport Rd 10711 Cambie Rd/Airport Executive Park 14 3820 Cessna Dr/ BCIT Aerospace Technology Campus 13351 Commerce Pkwy/ Commerce Court International Phase I 13353 Commerce Pkwy/ Commerce Court International Phase II 13511 Commerce Pkwy/ Crestwood Corporate Centre 3 13551 Commerce Pkwy/ Crestwood Corporate Centre 4 13571 Commerce Pkwy/ Crestwood Corporate Centre 5

00_Office Space 2018_01 2.indd 58

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AT I

NG

RA TE

ER BO

2004

n/a

$13.68

U

79,438

n/a

79,438 3

239

1995

2006

n/a

$13.77

U

80,755

n/a

80,755 3

244

1996

2007

n/a

$13.30

U

181,588

n/a

181,588 2

447

1989

n/a

n/a

$7.96

U

30,714

n/a

40,714 3

1985

n/a

n/a

$15.27

U

L–JLL/Mark Chambers/Casey Bell 604-998-6005 L–Colliers/Darren Cannon 604-531-1685

23,700 91,758

n/a n/a

23,700 2 91,758 2

100 286

2001 1997

n/a n/a

n/a $13.50

$5.21 $5.95

M–SDM Realty Advisors 604-688-5658/L–SDM Realty Advisors/Jeff Toews 778-383-6280 M–Fraser Park Realty 604-568-7014/L–CBRE/Kevin Nelson/Joel Barnett 604-662-5155 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Neil Patterson 604-586-1404/L–JLL/Mark Chambers 604-998-6005 M–SDM Realty Advisors/Dale Mumford 604-688-5658/ L–SDM Realty Advisors/Jeff Toews 778-383-6280 M–Dorset Realty/ 604-270-1711/L–Dorset Realty Group/Colin Schuss

90,605 55,370 81,713

n/a n/a n/a

94,525 9 58,418 3 81,713 3

118 242

1987 1994 1998

2008 n/a n/a

n/a n/a n/a

$16.33 $6.53 $12.53

U

81,836

n/a

81,836 3

237

1999

n/a

n/a

$13.15

U

75,902 150,000

n/a n/a

75,902 2 150,000 5

228 460

1982 1989

2001 2007

n/a n/a

$11.91 $14.56

U U

115,889

n/a

305,916 2

1975

1998

$12

$5.84

L–JLL/Mark Chambers 604-998-6005

34,426

n/a

34,426 3

2008

n/a

n/a

$10

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009 M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009 M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

33,521 24,613 24,632

n/a n/a n/a

33,521 1 24,613 1 24,632 1

104 83 78

1974 1974 1975

1989 1989 2004

n/a n/a n/a

$13.26 $13.33 $13.29

U U U

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

33,898

n/a

33,898 1

96

1976

1989

n/a

$12.44

U

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

96,816

n/a

96,816 3

315

1998

n/a

n/a

$11.68

U

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

62,263

n/a

62,263 2

156

1976

1992

n/a

$12.04

U

10551 Shellbridge Way/ Airport Executive Park 2

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

60,618

n/a

60,618 2

164

1975

2006

n/a

$14.11

U

10651 Shellbridge Way/ Airport Executive Park 3

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

29,690

n/a

29,690 1

108

1980

1992

n/a

$13.23

U

10691 Shellbridge Way/ Airport Executive Park 4

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

30,579

n/a

30,579 1

118

1978

1992

n/a

$13.11

U

10760 Shellbridge Way/ Airport Executive Park 8 10851 Shellbridge Way/ Airport Executive Park 6 10991 Shellbridge Way/ Airport Executive Park 7 3011 & 3031 Viking Way/ Knightsbridge Business Park 4011 Viking Way/ International Business Park - Bldg B 4020 Viking Way/ International Business Park - Bldg D 4311 Viking Way/ International Business Park - Bldg A 4320 Viking Way/ International Business Park - Bldg E 4611 Viking Way/ International Business Park - Bldg C 4620 Viking Way/ International Business Park - Bldg F 7031 Westminster Hwy/ Richmond Professional 13811 Wireless Way/ Commerce Crt Phase III 13888 Wireless Way/ Commerce Court International V 13911 Wireless Way/ Commerce Crt Phase IV

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

69,857

n/a

69,857 1

236

1980

1992

n/a

$13.09

U

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

69,619

n/a

69,619 3

186

2009

n/a

n/a

$10.94

U

M–Bentall Kennedy/Doug Astbury 604-233-1069/L–Bentall Kennedy/Tim Evans 604-233-1009

79,742

n/a

79,742 3

249

2002

n/a

n/a

$11.91

U

M–Concert/Grant Knowles 604-602-3701/L–JLL/Mark Chambers 604-998-6005

38,582

n/a

38,582 2

108

1974

2004

$12.95

$11.49

U

M–BUK Investments Ltd/John McGrandle 604-408-3002/ L–Cushman & Wakefield/Matthew MacLean 604-640-5855 M–BUK Investments Ltd/John McGrandle 604-408-3002/ L–Cushman & Wakefield/Matt MacLean/Jordan Sengara 604-640-5845 M–BUK Investments Ltd/John McGrandle 604-408-3002/ L–Cushman & Wakefield/Matthew MacLean 604-640-5855 M–BUK Investments Ltd/John McGrandle 604-408-3002/ L–Cushman & Wakefield/Matthew MacLean 604-640-5855 M–BUK Investments Ltd/John McGrandle 604-408-3002/ L–Cushman & Wakefield/Matthew MacLean 604-640-5855 M–BUK Investments Ltd/John McGrandle 604-408-3002/ L–Cushman & Wakefield/Matt MacLean/Jordan Sengara 604-640-5845 M/L–Prospero Int’l/Jeff Nightingale 604-669-7733

30,034

n/a

49,772 2

1991

n/a

n/a

n/a

U

32,864

n/a

49,180 2

1991

2001

n/a

n/a

U

31,259

n/a

47,475 2

1996

n/a

n/a

n/a

U

23,176

n/a

44,452 2

1990

n/a

n/a

n/a

U

44,069

n/a

100,033 2

1991

n/a

n/a

n/a

U

24,990

n/a

61,187 2

1990

n/a

n/a

n/a

U

29,000

3,000

32,000 3

100

1978

1995

$18

$15.95

7080-7100 River Rd/ River Road Business Centre 12033 Riverside Way/ Riverside Business Centre 3751 Shell Rd/Airport Executive Park B 3851 Shell Rd/Airport Executive Park D 10100 Shellbridge Way/ Airport Executive Park A 10200 Shellbridge Way/ Airport Executive Park C 10271 Shellbridge Way/ Airport Executive Park 10 10451 Shellbridge Way/ Airport Executive Park 1

00_Office Space 2018_01 2.indd 59

LA

M

ST

YE

BU

NG

AR

KI

EY OR ST

TO

TA I RE

FIC OF

A

AV CO ER A ST GE

OP

VA TE

NT AL

RE GE

AV E

1993

RA

YE

233

S

77,566 2

TA L

n/a

M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–Wesgroup Properties 604-633-2898/L–Cushman & Wakefield/Matthew MacLean 604-640-3855

LS

77,566

13575 Commerce Pkwy/ Crestwood Corporate Centre 6 13775 Commerce Pkwy/ Crestwood Corporate Centre 7 13777 Commerce Pkwy/ Crestwood Corporate Centre 8 13800 Commerce Pkwy/ Crestwood Corporate Centre 1 5611 Cooney Rd/ Richmond Professional Bldg 11920 Forge Pl/Forge 6651 Fraserwood Pl/ Fraserwood Corporate Centre 8100 Granville Ave/Richmond Place 11120 Horseshoe Way/Riverside Place 13700 International Pl/ Crestwood Corporate Centre 2 13711 International Pl/ Crestwood Corporate Centre 10 4600 Jacombs Rd/Delf Place 3600 Lysander Ln

E

PA R

AR

ILT

ST AL

RE

LS

NO

ET FE RE UA

SQ

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

QU

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

| 59

U

M–GWL Realty Advisors/Tarek Shoukry 604-713-3162/ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–Dream Office REIT/Angie Manville 604-586-5105/L–Colliers/Rob Chasmar 604-661-0822

76,535

n/a

76,535 3

440

2001

n/a

n/a

$10.83

U

116,530

n/a

116,530 2

515

2008

n/a

n/a

$11.41

U

M–GWL Realty/Tarek Shoukry 604-713-3162/L–GWL Realty Advisors/Peter Jenkins 604-713-8920

73,439

n/a

73,439 3

203

2002

n/a

n/a

$13.47

U

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AT I

NG

RA TE

ER

$13.06 $16.56 $14 $10 $11 $10 $10.50 $10 $10 $10.50 $10.30 n/a $12.26 $12

112,500 3

400

2008

n/a

$20

$9.22

112,500 3

340

2010

n/a

$18

$8.95

16,506

123,885 6

336

1997

n/a

n/a

$13.07

189

2014

n/a

$23

$11

1999

2004

$15

$7.40

1993

n/a

$17

$15.54

1995

n/a

$13

$15.06

n/a

n/a

n/a

$14.98

LA

ST

YE

BU

NG

AR

KI

EY OR ST

TO

TA I

A

$15 n/a n/a $15 n/a n/a n/a n/a n/a n/a $18 n/a n/a n/a

M

1999 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

BO

AV CO ER A ST GE

OP

VA TE

NT AL

RE GE

AV E

1978 1994 2016 55 1996 365 2001 2001 1,200 2001 255 1994 1996 172 2013 90 1996 2017 189 2001 2018

RA

YE

$8.25 $14.17 $8.10 $13.77 $13.50

S

$22 $16 $30 n/a n/a

TA L

PA R

AR

ILT

ST AL

RE

LS

NO

ET FE RE UA

SQ

QU

n/a n/a n/a n/a 1998

LS

600 305 119

2008 2006 2014 1991 1985

RE

E FIC

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

OF

Address/Building name

SQ

UA

AR

RE

E

FE

FE

ET

ET

D

Office building directory

SURREY 14928 56 Ave 20159 88 Ave/Thunderbird Centre 13737 96 Ave/City Centre Phase 1 15127 100 Ave/Guildford Landmark 15117 101 Ave

L–Re/Max Commercial Advantage/Gordon MacPherson/Ryan Schwarz 604-510-5555 M–Bentall Kennedy 604-661-5002/L–Bentall Kennedy/Andrei Satuha 604-661-5699 L–Colliers/Jason Teahen/Rob Chasmar 604-661-0822 L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 M–Bosa Development/Dean Reed 604-294-0666/ L–Avison Young/Matthew Craig/Josh Sookero 604-647-5076 15225 104 Ave/Guildford Office Park L–JLL/Andrew Astles/Andrew Laurie 604-998-6045 13401 108 Ave/Station Tower M–Redstone Group 604-596-5622/L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 13479 108 Ave/Gateway Place L–Avison Young/Matthew Craig/Josh Sookero 604-647-5076 8338 120 St/A&A Plaza L–Colliers/Mike Grewal 604-694-7200 7485 130 St/Surrey Central Business Park V M–Redstone Group 604-596-5622/L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 7445 132 St/Surrey Central Business Park I M–Redstone Group 604-596-5622/L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 7455 132 St/Surrey Central Business Park IV M–Redstone Group 604-596-5622/L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 7495 132 St/Surrey Central Business Park II M–Redstone Group 604-596-5622/L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 7565 132 St/Surrey Central Business Park III M–Redstone Group 604-596-5622/L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 7327 137 St/The Offices at Newton M–Value Property Group 604-606-7000/L–Value Group Properties 7337 137 St/Newton Landmark II L–Taurus Commercial/Cliff Raps 604-531-1685 9639 137A Ave/City Centre Phase 2 L–Colliers/Jason Teahen/Rob Chasmar 604-661-0847 1688 152 St/Ocean Pointe M–V1500 Holdings Inc 604-984-2899/L–Colliers/Jason Teahen 604-661-0847 3231 152 St/ L–Colliers/Jason Teahen 604-661-0847 The Professional Centre at South Point 5455 152 St/Benchmark Business Centre I M–Benchmark Properties/Karen Breedveld 604-533-1138/L–Benchmark Properties/Brenda McAvoy

55,000 20,000 119,000 45,000 53,818

n/a 170,000 23,000 n/a n/a

55,000 190,000 142,000 45,000 64,185

3 2 12 4 4

48,856 208,290 56,000 20,575 65,673 72,500 55,000 72,000 82,000 33,000 48,880 159,000 56,000 71,779

n/a 13,145 38,500 n/a n/a n/a n/a n/a n/a 12,000 n/a 21,000 22,000 23,248

48,856 221,435 94,500 n/a 65,673 72,500 55,000 72,000 82,000 45,083 48,880 180,000 78,000 110,000

4 18 4 2 3 2 2 2 2 4 4 12 4 5

5477 152 St/Benchmark Business Centre II

M–Benchmark Properties/Karen Breedveld 604-533-1138/L–Benchmark Properties/Brenda McAvoy

112,500

n/a

112,500

n/a

10470 152 St/Guildford Corporate Centre

M–GWL Realty Advisors/Jillian Mann 604-713-7724/ L–GWL Realty Advisors/Blair Stewart 604-713-8902

102,083

120 437

U

U

U

10189 153 St/GTC Professional Bldg

L–Colliers/Brian MacKenzie/Mike Grewal 604-661-0829

100,550

n/a

100,550 5

5660-5668 192 St/Dowco Buildings

L–Colliers/Jason Teahen/Brian MacKenzie 604-661-0847

30,795

n/a

30,795 2

7130 King George Blvd/Newton Crossing

L–Cushman & Wakefield/Craig Haziza 604-640-5891

23,000

27,000

50,000 2

7380 King George Blvd/Newton Village

M–Value Group Properties 604-606-7001/L–Value Property Group 604-606-7000

20,000

40,000

60,000 3

7404 & 7488 King George Blvd/ King’s Cross Shopping Centre (Office)

M–GWL Realty Advisors/Derek Ho 604-713-3161/L–Colliers/Jason Teahen 604-661-0847

32,000

250,000 282,000 1

9801 King George Blvd/ Surrey Village Tower

M–Surrey Village Corp/L–CBRE Ltd/Luke Gibson 604-662-5142

40,000

n/a

40,000 3

1975

n/a

$12.75

$8.04

9808-9900 King George Blvd/ The Hub@King George Station Phase A

M–Triovest 604-642-4511/L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

160,000

25,000

195,650 10

2015

n/a

$30

$15.07

9830 King George Blvd/ The Hub @ King George Phase B

M–Triovest 604-642-4511/L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

160,000

100,000 260,000 14

2020

n/a

n/a

n/a

10328 King George Blvd/London Station 10522-10524 King George Blvd/ Rickshaw Plaza

L–Colliers/Jason Teahen 604-661-0847 L–Colliers/Mike Grewal/Dylan Sohi 604-661-0818

65,000 30,000

n/a n/a

65,000 3 30,000 3

1994 1980

n/a n/a

$23 $16

$12.33 $11.50

M–Benchmark Properties/Karen Breedveld 604-533-1138/L–Benchmark Properties/Brenda McAvoy M–Wesgroup Properties 604-633-2898/L–JLL/Andrew Laurie 604-998-6008 M–Mitchell Group/L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-683-3111

53,177 27,000 33,335

n/a n/a 7,000

53,177 2 27,000 1 40,335 3

1994 2009 2008

2013 n/a n/a

$16 n/a n/a

$9.98 $10.56 n/a

M–Mitchell Group/L–Cushman & Wakefield Ltd/Roger Leggatt/Max Zessel 604-640-5882

95,283

n/a

95,283 6

2013

n/a

n/a

n/a

M–Mitchell Group/L–Cushman & Wakefield Ltd/Roger Leggatt/Max Zessel 604-640-5882

68,000

n/a

68,000 4

2012

n/a

n/a

$13.20

60,800

16,800

77,600 3

240

2012

n/a

$18.50

$9.98

124,307 31,244

n/a n/a

124,307 3 32,826 3

400 132

1999 1979

2005 1996

$24 $11

$11.10 $9.87

30,000

23,000

53,000 2

1983

n/a

$14

$7

22,281

43,000

150,000 3

2014

n/a

n/a

$14.23

M–Warrington PCI/Chris Kasianchuk 604-331-5264/ L–Cushman & Wakefield/Craig Ballantyne 604-608-5928

91,395

n/a

91,395 6

500

2003

n/a

n/a

$13.85

U

M–Onni Group/Joel Rao 604-602-7711/L–Cushman & Wakefield/Craig Ballantyne 604-608-5928 M–Onni Group/Joel Rao 604-602-7711/L–Cushman & Wakefield/Craig Ballantyne 604-683-3111

604,000 137,602

n/a 26,170

n/a 6 163,772 9

78

2008 2016

n/a n/a

n/a n/a

$12 $12

U

239 845

U

LANGLEY 20353 64 Ave/Langley Town Centre 8506 200 St/200 St Business Park 8700 200 St/ Langley 200 Business Ctr - Phase 1 8621 201 St/ Langley 200 Business Ctr - Phase 3 8661 201 St/ Langley 200 Business Ctr - Phase 2 9525 201 St/Golden Ears Business Centre

M–Jordan Enterprises Ltd 778-319-1377/ L–Re/Max Commercial Advantage/Ryan Schwartz/Gord MacPherson 604-510-5555 9440 202 St/Walnut Grove Commerce Centre M–Benchmark Properties/Karen Breedveld/L–Benchmark Properties/Brenda McAvoy 604-533-1138 20644 Eastleigh Cres/ L–NAI Commercial/Gary Niesner/Don MacDonald 604-514-6832 Eastleigh Professional Centre 20621 & 20641 Logan Ave/ M–Lark Group/Larry Fisher 604-576-2935/L–CBRE/Maureen Mounzer 604-669-1466 Baytree Centre Bldg A&B 20780 Willoughby Town Centre Dr/ L–Cushman & Wakefield/Max Zessel/Roger Leggatt 604-640-5882 Willoughby Town Centre

200

MAPLE RIDGE 22470 Dewdney Trunk Rd/ Maple Ridge Business Centre

PORT MOODY 130 Brew St/Suter Brook Village North 220 Brew St/Suter Brook Village South

00_Office Space 2018_01 2.indd 60

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Trusted content. Integrated solutions. Business in Vancouver is BC’s most significant voice of local business news and information. We write, broadcast and post across seven platforms—print, digital, video, radio, podcasts, magazines and special events—as one of Canada’s leading integrated media companies. For three decades we’ve successfully connected organizations like yours with the business audience and community.

Get Connected | Call: 604-688-2398 or email: ads@biv.com

00_Office Space 2018_01 2.indd 61

2018-05-17 3:08 PM


62 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

INDUSTRIAL/OFFICE PARK DIRECTORY Vancouver

WEST VANCOUVER nad

aH wy

c-n

c/m c/l

Burrard Inlet

Hasti

ngs

c-l

PORT MOODY

Nanaimo

SFU

Oak

Granville

Dunbar

Cambie

gsw

i/r

i-k

ay

BURNABY

e/o

Fra

d/l

Rive r

wy

H

e/m

Frase r

iver rR se

a nad

North A rm

NEW WESTMINSTER

i/m

Richmond Freeway

Strait of Georgia

e/n

Westminster Hwy

RICHMOND

S ou th Ar

Fra

se

g-k

g/o

DELTA

b/p b/q b/r b/s

64–65

Barnett Highway Mayfair Pacific Reach Schoolhouse

rH

wy

65–66

Annacis Island Deas Slough River Road East Roberts Bank Terminal Tilbury

Langley

66–67

Gloucester Estates (off map) Langley City (off map) Northwest Langley (off map) Willowbrook (off map)

Maple Ridge

67

Maple Meadows (off map)

New Westminster

d/s

g/p

Hwy 91

e-k

iver er R

g/l

SURREY King George Hwy

m

s Fra

e/q e/p

Coquitlam

g/l g/o g/p g/r g-k

b/q

a s-C

Marine Dr

i/l

64

Beresford Big Bend Lake City Still Creek Willingdon-Canada Way Winston-Government

Delta

b/s

Hwy

b/r

n Tra

e-p

Hw

COQUITLAM

i=l

Boundary Rd

49th Ave

e/t

ed

i-l Lougheed

a/s

ghe

i-m

a/r

Kin

41st Ave

a/t

Lou

b/p

y

a-k

VANCOUVER

i/l i/m i/r i-m i-k i-l

Hw y Barnet

a/o

63

Clark Drive Lougheed-Boundary Marine Drive Marpole Mt. Pleasant Cambie-Main Powell

Burnaby

a-l

English Bay UBC

India n Ar m

Trans-C a

a/o a/r a/s a/t a-k a-l

NORTH VANCOUVER

i=l

67

Brunette

North Vancouver City d/q

c/l c/m

67

Lower Lonsdale MacKay-Bewicke

North Vancouver District c-l c-n

Hwy 10

67

Lynnmour Norgate

Pitt Meadows YUKON

67

Pitt Meadows Airport (off map)

Hwy 99

NORTHWEST TERRITORIES

Port Coquitlam

ALASKA

BRITISH COLUMBIA

Richmond

HAIDA GWAII

VANCOUVER ISLAND VANCOUVER VICTORIA SEATTLE

67–68

Mary Hill Estates (off map) Meridian (off map)

ALBERTA

g/r WASHINGTON

Boundary Bay

WHITE ROCK

00_Office Space 2018_01 2.indd 62

68–69

Bridgeport-North Richmond Brighouse Crestwood East Richmond Fraserwood Mitchell Island Riverside Van Horne

Surrey

How to use the industrial listings On the following pages are listings of industrial park areas and sites. Each area includes a reference number to locate a property on the map above. The listings are organized by area and the district’s specific name (for example, Burnaby/Big Bend). Underneath each area are the owner/management/leasing company name, a contact name, telephone number, the number of buildings, total rentable area in square feet, the bay size range in square feet and park size. The availability of features such as dock loads, store yards, warehouses, retail spaces and access to barge and rail is also indicated.

e/m e/n e/o e/p e/q e/t e-k e-p

Each property’s BOMA affiliation is indicated, if applicable. It should be stressed that this directory is for those properties that lease – as opposed to selling – space or land. While every attempt has been made to make this list as complete and accurate as possible, accuracy cannot be guaranteed. Prior to publication, survey forms were sent to property owners and managers for verification. If a property has been left out, or if the wrong information has been provided, please send revisions or additions to the following address or fax number:

Office Space c/o Business in Vancouver 303 5th Avenue West, Vancouver, BC V5Y 1J6 p: 604-688-2398 f: 604-688-6058

69–70

d/l

Bridgeview Campbell Heights (off map) Cloverdale (off map) d/q East Newton d/s Newton Port Kells (off map)

2018-05-22 9:56 AM


E-

YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

S RE

IV

0.5

DR

DO

CK

PA R

K

SI

LO

ZE

AD

AC

E

.

– SIZE SQ R A . F NG T

BA Y

TO

NU

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

.

BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

| 63

VANCOUVER Clark Drive U

U

57 Lakewood Dr/L–Lee & Associates; Mitch Ellis/Ryan Saunders 604-630-3383

1

22,462

1305 Odlum Dr/L–Lee & Associates; Ryan Saunders/Mitch Ellis 604-630-3284

1

10,800

U

1249-1257 Pender St E/L–Lee & Associates; Mitch Ellis/Ryan Saunders 604-630-3383

1

22,000

UÊ U

U

456 Prior St/L–Avison Young; Russ Bougie/Kevin Kassautzki 604-757-5115

1

57,356

U

U U U

U

U

U

Clark Bldg/2288 Clark Dr/M–Hungerford Properties/L–Cushman & Wakefield; Matthew MacLean/Chris Newton 604-640-5855

1

13,100

U

1380 Napier St/L–NAI Commercial; Jesse Godin 604-691-6636

1

20,987

U

505 Clark Dr/L–Avison Young; Russ Bougie 604-757-5115

1

15,000

1250 Pender St E/L–Cushman & Wakefield; Greg Miles/Jordan Sengara 604-640-5814

1

16,240

1175 Venables St & 1152 Union St/L–Cushman & Wakefield; Greg Miles 604-640-5814

1

45,000

0.53

Gescan Complex/3030-3040 Broadway E/O–2725312 Canada Inc/M–Bentall Kennedy/ L–Cushman & Wakefield; Noah Freedman 604-683-3111

3

145,971

7.59

3525 Lougheed Hwy/L–Colliers; Ewen Johnston/Adam Mitchell 604-661-0804

1

27,361

U

U

U

2696 Nootka St/L–Cushman & Wakefield; Greg Miles/Noah Freedman 604-640-5814

1

13,938

UÊ U

U

U

Marine Dr Industrial Park 1/8310-8392 Prince Edward St/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard; Faye Tam 604-602-6450

1

74,919

UÊ U

U

U

U

U

U

Main Industrial Centre/8417-8449, 8547-8559 Main St, 117-133 Kent Ave NE/O–Morguard Industrial Properties/ M–Morguard Investments/L–Morguard; Faye Tam 604-602-6450

3

119,876

3,000-9,465

6

U

U

U

U

U

Kent Corporate Centre/8765 Ash St/M–GWL Realty/L–GWL Realty Advisors; Blair Stewart 604-713-8902

5

130,380

3,300-6,480

6.3

U

U

U

U

Kent Corporate Centre/655 West Kent Ave N/M–GWL Realty Advisors/L–GWL Realty Advisors; Blair Stewart 604-713-8902

5

130,380

6.3

U

U

U

U

Kent Corporate Centre/8755 Ash St/M–GWL Realty/L–GWL Realty Advisors; Blair Stewart 604-713-8902

5

130,085

6.3

U

U

U

U

IntraUrban Business Park/8811 Laurel St/M–PC Urban/L–Colliers; Sean Bagan 604-661-0821

3

170,000

4.6

U

U

U

Kent Corporate Centre/625 West Kent Ave N/M–GWL Realty Advisors/L–GWL Realty Advisors; Blair Stewart 604-713-8902

5

130,380

U

U

Marine Dr Industrial Park 2/403 East Kent Ave N/M–Morguard Investments/L–Morguard; Faye Tam 604-602-6450

1

152,535

Marine Dr Industrial Centre 3/455 East Kent Ave N/M–Morguard Investments Ltd/L–Morguard; Faye Tam 604-602-6450

1

151,050

Marine Dr Industrial Park 4/8385 St George St/M–Morguard Investments Ltd/L–Morguard; Faye Tam 604-602-6450

1

43,340

Kent Corporate Centre /605 West Kent Ave N/M–GWL Realty Advisors/L–GWL Realty Advisors; Blair Stewart 604-713-8902

5

130,380

6.3

888 Marine Dr SE/M–Onni Group/L–Avison Young; Kyle Blyth/Ryan Kerr 604-687-7331

1

166,666

6.65

U

U

U

U

U

U

U

U

U

U

U

U

U

U

Lougheed-Boundary UÊ U

U

U

U

U

U

Marine Drive

8280 Ross St/L–JLL; Baktash Kasraei/Casey Bell 604-998-6016

1

29,877

8889 Laurel St/M–PC Urban/L–CBRE; Jason Kiselbach/Chris MacCauley 604-662-5190

1

43,952

8223 Sherbrooke St/M–Shato Holdings/L–CBRE; Bruce Hynds 604-662-5119

1

21,396

8273 Ross St/L–CBRE; Bruce Hynds 604-662-5119

1

20,653

8324 Fraser St/L–CBRE; Bruce Hynds 604-662-5119

1

42,000

Southbridge Business Park/310-366 East Kent Ave S/O–Wesgroup/M–Wesgroup Properties/ L–Colliers; Sean Bagan/Matt Smith 604-681-4111

1

150,624

Heritage Centre/1562-1576-1586 Rand Ave/L–Lee & Associates; Don Mussenden/Ryan Saunders/Mitch Ellis 604-630-3377

3

133,000

3,300-6,480

6.3 37,453

U

U

6

U

5

U

UÊ U

U

U

U

U

U

U

U

U

U

6,000

UÊ UÊ U

U

U

2,891-8,071

U

U

U

U

U

U

U

U U

U U

U U

U U

3.4

U

U

Marpole UÊ 5.07

U

U

U

U

U

U

U

Mt. Pleasant Cambie-Main 2015-2021 Columbia St/O–E & H Holdings/M–Turner Meakin/L–Lee & Associates; Ryan Saunders/Mitch Ellis 604-630-3383

2

12,500

25 6th Ave E/L–Lee & Associates; Ryan Saunders/Mitch Ellis 604-630-3383

1

12,850

196 6th Ave W/L–Lee & Associates; Ryan Saunders/Mitch Ellis 604-630-3383

1

10,850

151 5th Ave W/L–Lee & Associates; Mitch Ellis/Ryan Saunders 604-630-3383

1

54,770

150 4th Ave W/M–Turner Meakin/L–Lee & Associates; Ryan Saunders 604-630-3384

1

15,982

112 6th Ave E/L–CBRE Ltd; Luke Gibson 604-662-5142

1

22,300

The Nickel/285 5th Ave E/L–Colliers; Dan Jordan 604-692-1472

1

24,370

1650 on Second/1650 2nd Ave W/L–Cushman & Wakefield; Kyle Wilson/Justin De Genova 604-608-5941

1

28,320

Novo Block/120 3rd Ave W/M–Hungerford Properties/L–Cushman & Wakefield; Matthew MacLean/Chris Newton 604-640-5855 1

33,680

U

U

U

U

U

U

U

U

UÊ U

U

U

U

UÊ U

U

U

U

U

U

U

U

U

U

9,516

2,600

U U

0.27

U

U

U

U

U

U U

U U

U

U

U

Powell UÊ

U

U

U

U

Railtown/505 Alexander St/L–Colliers; Adam Mitchell/Matt Smith 604-661-0835

1

8,312

1593 Franklin St/L–CBRE; Darren Starek/Ed Ferreira 604-662-5122

1

23,723

1543 Venables St/L–CBRE; Darren Starek/Ed Ferreira 604-662-5175

1

12,161

U

U

188 Victoria Dr/L–CBRE; Chris MacCauley/ilya Tihanenoks 604-662-5190

1

25,387

UÊ U

U

Railtown Station/711 Alexander St/M–PortLiving/L–Avison Young; Justin Omichinski/Jake Luft 604-687-7331

1

55,652

U

U

00_Office Space 2018_01 2.indd 63

U U

U U

U

2018-05-17 3:08 PM


64 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

E-

YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

S RE

IV

DR

CK DO

PA R

K

SI

LO

ZE

AD

AC

E

.

– SIZE SQ R A . F NG T

BA Y

TO

NU

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

.

BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

Industrial/office park directory

BURNABY Beresford 7060 Waltham Ave/L–Lee & Associates; Chris McIntyre/Ryan Barichello 604-630-3392

1

41,727

7105-7205 11th Ave/L–CBRE Ltd; Bruce Hynds/Joe Inkster 604-662-3000

3

320,467

7488 Hedley Ave/L–Colliers; Phil Gibbons 604-662-2635

1

5,862

52,024-320,467

0.95

48.24

UÊ U

0.24

UÊ U

U

UÊ U

U

U

U

U

U

U

U U

Big Bend Glenlyon Business Park/Glenlyon Pky & North Fraser Way/M–Beedie Group/L–Beedie Group; Todd Yuen/Beth Berry 604-909-8768 15-30 2,200,000

>10,000

U

133 12.58

U

U

U

U

Burnaby Lake Industrial Centre/7342 Winston St/M–Bosa Properties/L–Avison Young; Nicolas Bilodeau 604-647-1336

1

115,053

Spire Corporate Centre/7635 North Fraser Way/L–Lee & Associates; Mitch Ellis/Ryan Saunders 604-630-3383

1

19,100

UÊ U

U

South Burnaby Corporate Centre/8131-8183 Wiggins St/M–GWL Realty/L–GWL Realty Advisors; Blair Stewart 604-713-8902

2

236,183

UÊ U

U

U

Marine Way Business Centre/3711-3771 North Fraser Way/M–BUK Investments/ L–Colliers; Andrew Lord/Stefan Morissette 604-681-4111

4

209,217

11.4

UÊ U

U

U

U

U

U

U

U

4.62

UÊ U

U

U

6.4

UÊ U

U

U

UÊ U

U

U

UÊ U

U

U

U

Riverway Business Park/5489-5589 Byrne Rd/L–Re/Max Central; Peter Hall/Braden Hall 604-718-7300

2

200,000

North Fraser Pointe/8118 North Fraser Way/L–Colliers; Sean Bagan/Stefan Morissette 604-661-0821

1

95,166

Crescent Business Centre/8218 North Fraser Way/L–Lee & Associates; Ryan Saunders/Mitch Ellis 604-630-3384

1

125,000

3738 Keith St/L–Lee & Associates; Sebastian Espinosa/Ryan Barichello 604-630-3396

3

35,588

7765 North Fraser Way/M–Madison Pacific Properties/L–CBRE Ltd; Joe Inkster/Blair Quinn 604-662-5134

1

39,300

1.82

7580 Lowland Dr/L–Cushman & Wakefield; Jordan Sengara/Ron Emerson 604-640-5845

1

26,497

1.48

3750 North Fraser Way/L–Lee & Associates; Chris McIntyre/Steve Caldwell 604-895-2224

1

73,291

3.15

New Haven Business Park Phase 3/8601-8603 Glenlyon Pky/L–CBRE; Bruce Hynds/Joe Inkester/Jason Kiselbach 604-662-5119

2

77,194

Imperial Square - Lake City/8501-8676 Commerce Crt/O–bcIMC/M–QuadReal Property Group/ L–QuadReal Property Group; Brent Lee 778-554-3520

5

168,817

Eastlake Campus Phase I-III/8327-8339 Eastlake Dr/M–Sun Life Financial/ L–Cushman & Wakefield; Max Zessel/Roger Leggatt 604-640-5882

6

310,000

13,520

U

U

U

U

U U

U

U

U

U

U

U

U

U

U

U

U

Lake City

2,000-70,000

10.39

UÊ U

16.5

UÊ U

U

3100 Production Way/L–Cushman & Wakefield; Sean Ungemach 604-640-5823

1

396,777

14.77

UÊ U

U

U

7950 Enterprise St/L–CBRE; Joe Inkster/Jason Kiselbach 604-662-5134

1

49,984

2

UÊ U

U

U

U

2751 Production Way/L–Colliers; Vito DeCicco/Ewen Johnston 604-661-0830

1

105,229

5.1

U

U

4005-4075 Myrtle St/L–CBRE; Joe Inkster/Jason Kiselbach 604-662-5134

1

13,800

1.38

UÊ U

U

4012-4014 Myrtle St/L–Lee & Associates; Steve Caldwell 604-895-2224

1

15,170

2300 Madison Ave/L–Colliers; Ewen Johnston 604-661-0804

1

33,383

UÊ U

2984 Norland Ave/L–Avison Young; Russ Bougie 604-757-5115

1

26,400

U

U

3737 2nd Ave/L–Cushman & Wakefield; David Canning/Greg Miles 604-640-5833

1

22,828

UÊ U

U

4301-4315 Canada Way/L–Lee & Associates; Chris McIntyre/Ryan Barichello 604-630-3392

2

25,000

1,400-5,400

U

U

U

U

Imperial Square Business Park/3000-3100-3200 Beta Ave/M–GWL Realty Advisors/ L–GWL Realty Advisors; Blair Stewart 604-713-8902

3

217,000

2,461-4,840

UÊ U

U

U

U

4590 Canada Way/L–CBRE; Joe Inkster/Jason Kiselbach 604-662-3000

1

53,643

UÊ U

U

7618-7680 Winston St/O–Taymor Investments/L–Lee & Associates; Rand Thomson 604-630-3393

5

43,392

U

U

U

7950 Winston St/O–Onni Real Estate Holdings/M–Onni Property Management

1

47,817

UÊ U

U

U

U

U

5150-5162 Still Creek Ave/O–Onni Group/M–Onni Property Management/ L–Onni Property Management; Greg Wilks 604-602-7711

2

27,779

U

U

U

U

Burnaby Lake Industrial Centre/7382 Winston St/M–Bose Development/ L–Avison Young; Josh Sookero/Nicolas Bilodeau 604-647-5091

1

56,582

U

4242 Phillips Ave/O–Concert/M–Concert/L–Colliers; Ewen Johnston 604-667-0804

1

149,224

Lakeview Business Park/4268 Lozells Ave/M–Rockwell Pacific/L–Re/Max Central; Chris Davies/Peter Hall 604-718-7300

1

35,000

U

Still Creek U

U

U U

U

U

U U

U U

Willingdon-Canada Way

1.75

U

Winston-Government

4,800

UÊ U

54,105

U

12.58

UÊ U

U

8.16

UÊ U

U

U

U

U

U U

U

U

U

Lakeview Business Park/4288 Lozells Ave/L–Lee & Associates; Ryan Barichello/Chris McIntyre 604-630-3371

1

35,000

U

U

U

3676 Bainbridge Ave/M–Beedie Group/L–CBRE; Joe Inkster/Jason Kiselbach 604-662-3000

1

85,009

UÊ U

U

U

1

46,517

U

81 Golden Dr/O–Newcorp Properties Ltd/M–Onni Property Management/L–Avison Young; Kyle Blyth/Ben Lutes 604-687-7331

2

91 Golden Dr/O–Newcorp Properties Ltd/M–Onni Property Management/ L–Avison Young; Kyle Blyth/Matt Thomas/Ben Lutes 604-647-5088

1

COQUITLAM Barnett Highway 2660 Barnet Hwy/L–Avison Young; Garth White/Joe Lehman/Ben Lutes 604-757-4960

U

U

U

108,438

UÊ U

U

U

U

U

U

125,235

UÊ U

U

U

U

U

U

3.43

Mayfair

00_Office Space 2018_01 2.indd 64

U

2018-05-17 3:08 PM


E-

YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

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Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

.

BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

| 65

Mayfair Industrial Park/155 Glacier St/M–Pinnacle Int’l/L–Colliers; Phil Gibbons 604-662-2635

1

60,471

3

UÊ U

U

U

U

U

Mayfair Square/175-185 Golden Dr/M–GWL Realty Advisors/L–GWL Realty Advisors; Blair Stewart 604-713-8902

2

173,825

11,300

2.59

UÊ U

U

U

U

U

Mayfair Industrial Park/84 North Bend St/O–Pacific Star Properties/M–Pinnacle Int’l/ L–Lee & Associates; Steve Caldwell/Sebastian Espinosa 604-895-2224

1

45,520

5,600

2

UÊ U

U

U

U

U

Pinnacle Park Bldg D/7 Burbidge St/M–Pinnacle Int’l

1

33,935

17

UÊ U

U

U

U

11 Burbidge St/O–Mason Investments/L–Lee & Associates; Rand Thomson 604-630-3393

1

126,800

UÊ U

U

U

2445 Canoe Ave/L–Colliers; Adam Mitchell/Todd Scarlett 604-694-7207

1

51,273

U

U

U

UÊ U

U

Pacific Reach 1850 Hartley Ave/M–Amacon Property Management/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5851

1

35,000

Cape Horn Corporate Centre/62 Fawcett Rd/L–Cushman & Wakefield; Rick Eastman/Kevin Volz 604-683-3111

1

38,296

68 Schooner St/M–Amacon/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5851

1

31,597

11 King Edward St/M–Wesgroup Properties/L–Wesgroup Properties; Rob Eyers 604-633-2898

1

120,000

6.21

1316 United Blvd/L–Lee & Associates; Steve Caldwell/Sebastian Espinosa 604-895-2224

1

12,563

2.43

Fraser Mills Industrial/10&12 King Edward St/M–Beedie Group/L–Colliers; Greg Lane/Bianca Gilbert 604-692-1442

2

1,407

U

U

U U

U

U

U

U

U

U

U

119,307

UÊ U

U

U

1

57,051

UÊ U

U

U

Ridley Corporate Centre/669 Ridley Pl/M–Amacon/L–JLL; Casey Bell/Mike Thompson 604-998-6014

1

144,392

6.23

UÊ U

U

U

Cliveden West Business Centre/1585-1595 Cliveden Ave/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard; Faye Tam 604-602-6450

2

82,525

4.96

UÊ U

Cliveden Place 2/787 Cliveden Place/O–Sun Life Financial/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

103,600

Kingswood Business Park - Building B/700-736 Chester Rd/L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

1

142,142

Cliveden Centre 2/1360-1396 Cliveden Ave/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

130,000

1668 Fosters Way/L–NAI Commercial; Rob DesBrisay 604-691-6602

1

25,461

U

Schoolhouse Schoolhouse Industrial Park/175 Schoolhouse St/O–Wesgroup Properties/M–Wesgroup Properties/ L–Avison Young; Ben Lutes/Kyle Blyth 604-687-7331

U

U

U

U

DELTA Annacis Island

13,000-33,000

7.64 11,000-48,000

U

6

U

UÊ U U

7 1.18

UÊ U

U

U

U

U

U

U

U

U

U

U U

U

U

U

U

U

U

U

U

U

Cliveden Place 1/819 Cliveden Pl/O–Sun Life Financial/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

73,572

4

UÊ U

U

U

U

U

U

Cliveden Centre 6/725 Eaton Way/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

2

105,269

6

UÊ U

U

U

U

U

U

Cliveden Centre 5/1479-1497 Lindsey Pl/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

73,478

8

UÊ U

U

U

U

U

U

Cliveden Centre 4/1480-1498 Cliveden Ave/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

69,500

7,000-15,000

8

UÊ U

U

U

U

U

Cliveden Centre 3/1418 Cliveden Ave/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

124,736

13,000-27,000

7

U

U

U

U

Cliveden Centre 1/1278 Cliveden Ave/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

126,611

8

UÊ U

U

U

U

U

800 Carleton Crt/L–RE/MAX Central; Dave Hall 604-718-7309

1

91,872

4

UÊ U

U

U

U

United Pacific Business Centre/590 Ebury Pl/O–Hallmark Holdings/L–JLL; Bruno Fiorvento/Jonathan Jassebi 604-998-6006

2

100,300

UÊ U

U

Cliveden Place/820 Cliveden Pl/M–BUK Investments/L–BUK Investments Ltd; John McGrandle 604-408-3002

1

174,473

7.75

U

U

U

U

1511 Derwent Way/O–BUK Investments/M–BUK Investments/L–JLL; Lee Hester 604-998-6038

1

106,988

4.65

UÊ U

U

U

U

1500-1520 Derwent Way/M–Bentall Kennedy/L–Bentall Kennedy; Jeff Rank 604-661-5090

1

51,822

UÊ U

U

U

877 Cliveden Ave/M–Bosa Properties/L–Bosa Properties; Darrell Hurst 604-412-0464

1

27,203

UÊ U

U

U

Annacis West Business Centre/1546 Derwent Way/M–Beedie Group/L–Colliers; Stefan Morissette/Andrew Lord 604-692-1428

1

74,045

UÊ U

U

U

U

U

U

U

U

U

U

U

U

638-706 Derwent Way/M–Bosa Properties/L–Bosa Properties; Darrell Hurst 604-412-0464 1412 Derwent Way/M–Bosa Properties/L–Bosa Properties; Darrell Hurst 604-412-0464

130,000

13,000-26,000

3,800-6,825

5.43

1

28,064

1.3

4

78,324

4.95

U

U U

U

U

U

U

U

U

U U

U

Deas Slough Glenwood Commerce Centre/6165 Highway 17/O–Concert/M–Concert/ L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

U

4363 King St/L–Lee & Associates; Mitch Ellis/Ryan Saunders 604-630-3383

1

30,376

1.75

UÊ U

U

Boundary Bay Airport/4300 80 St/L–Cushman & Wakefield; Sean Ungemach 604-640-5823

1

234,629

9.9

UÊ U

U

U

Buckingham Industrial Estates/8140 92 St/L–Colliers; Don Viner 604-662-2613

1

65,000

U

Buckingham Industrial Estates/8051 92 St/L–Colliers; Don Viner/Craig Kincaid-Smith 604-662-2612

2

111,690

5.16

U

U

Nordel Business Park/10118 Swenson Way/M–Beedie Group/L–Colliers; Andrew Lord/Darren Cannon 604-662-6299

1

58,811

2.99

UÊ U

U

U

U

U

River Road East U

Nordel Business Park/8208 Swenson Way/L–Avison Young; John Eakin 604-646-8399

1

27,200

U

U

Nordel Industrial Park/8237 Swenson Way/L–JLL; Jonathan Jassebi/Michael Thompson 604-998-6141

1

44,400

U

U

3

1,000,000

113,405-483,620 330

UÊ U

U

U

1

109,612

37,500-55,112

Roberts Bank Terminal Delta iPort/4189 Salish Sea Way/M–GWL Realty/L–Colliers; Stuart Morrison/Andrew Lord/Darren Cannon 604-662-2676 Tilbury Tilbury Industrial Park/7403 Progress Way/M–Bosa Properties/L–Bosa Properties; Darrell Hurst 604-412-0464

00_Office Space 2018_01 2.indd 65

4

U

U

U

U

U

U

U

2018-05-17 3:08 PM


66 |

OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

3

712,182

Tilbury Business Park/7562 Progress Way/L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

1

29,444

7943 Progress Way/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

51,829

Tilbury Industrial Park/7402 Progress Way/L–Colliers; Craig Kincaid-Smith/Geoffrey Charters 604-661-0883

1

17,282

2,000

Tilbury Industrial Park/7550 River Rd/L–JLL; Jonathan Jassebi/Casey Bell 604-998-6141

1

28,000

1,884-3,359

7163 Vantage Way/L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

1

200,674

1,805-4,500

Tilbury Industrial Park/7950 Huston Rd/O–BUK Investments/M–BUK Investments Ltd/L–JLL; Lee Hester 604-998-6038

1

45,110

Tilbury Business Centre/7188 Progress Way/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

106,286

Tilbury Industrial Park/8295 River Rd/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

50,000

Tilbury Industrial Park/6425 River Rd/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

36,450

Tilbury Industrial Park/7157-7187 Honeyman St/L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

2

59,000

Tilbury Business Park/7533 Progess Way/L–JLL; Lee Hester/Casey Bell 604-998-6038

1

38,500

2.58

7762 Progress Way/M–BUK Investments/L–BUK Investments Ltd; John McGrandle 604-408-3002

1

30,000

2.1

Delta Industrial Centre/8005 Alexander Rd/L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

1

31,000

South Fraser Industrial Centre/7831-7979 Vantage Way/M–Triovest/L–JLL; Bruno Fiorvento 604-998-6006

2

7047 Venture St/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

7167 Progress Way/M–Concert Properties/L–Colliers; Andrew Lord 604-662-2699

1

119,583

Tilbury West Corporate Centre 2/6901 72 St/M–Beedie Group/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

94,940

E-

IV

DR

CK

UÊ U

South Fraser Distribution Centre/7510-7550 Hopcott Rd/O–Hopcott Centre/M–Morguard Investments/ L–Morguard; Faye Tam 604-681-9474

YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

S RE

5

DO

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AD

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Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

.

BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

Industrial/office park directory

U

U

U

U

U

U

U

U

U

UÊ U

U

UÊ U

U

UÊ U

U

U

U

U

U

4.31

UÊ U

U

3.46

UÊ U

U

U

U

UÊ U

U

U

U

U

U

0.59

U

23,900

U

U

U

U

UÊ U

U

U

UÊ U

U U

U

U

U

U

U

277,412

UÊ U

U

U

240,000

UÊ U

U

U

4.7

UÊ U

U

9.4

UÊ U

U U

U

15.2

U

U

UÊ U

U

UÊ U

U

U

U

U U

U

U U

U

U

U

7542 Progress Way/L–Cushman & Wakefield; John Weiss/Ron Emerson 604-640-5865

1

27,160

Tilbury Distribution Centre/9410 River Rd/M–GWL Realty/L–CBRE; Chris MacCauley/Joe Inkster 604-662-3000

1

288,410

Delta Link Business Park/7939 Huston Rd/L–JLL; Casey Bell/Bruno Fiorvento 604-998-6014

1

161,510

DeltaLink Business Park/7857 Huston Rd/L–Colliers; Craig Kincaid-Smith 604-661-0883

1

25,667

7861-7878 82nd St/M–GWL Realty/L–GWL Realty Advisors; Blair Stewart 604-713-8902

2

96,952

UÊ U

U

U

7848 Hoskins St/M–GWL Realty Advisors/L–GWL Realty Advisors; Blair Stewart 604-713-8902

2

179,194

UÊ U

U

U

Delta Gateway Distribution Centre/7350 Wilson Ave/L–JLL; Lee Hester/Mike Thompson 604-998-3038

1

207,604

UÊ U

U

Overlanders Business Centre/27355 56 Ave/L–Cushman & Wakefield; Rick Eastman/Andrew Green 604-640-5863

1

44,767

27581 51A Ave/L–Avison Young; Garth White/Joe Lehman 604-757-4960

1

31,087

U

U

U

Gloucester Way Business Centre/27090 Gloucester Way/O–GRM Industrial Holdings/M–Onni Property Management/ L–Avison Young; John Eakin 604-646-8399

2

95,500

UÊ U

U

U

U

5536 275 St/L–CBRE; Gurch Ollek 604-662-3000

1

20,050

UÊ U

U

U

TransCanada Centre Bldg 1 & 2/26596 Gloucester Way/M–Condominium Corp/L–CBRE Ltd; Gurch Ollek 604-662-5103

2

162,169

UÊ U

U

U

Onni Corporate Centre/27353 58 Cres/O–RPMG Holdings Ltd/M–Onni Property Management/ L–Avison Young; Joe Lehman 604-687-0331

2

213,028

UÊ U

U

U

U

UÊ U

U

U

U

2.66

U

U

U

U

U

U

U

UÊ U

U

U

UÊ U

U

U

U

U

U U

U

LANGLEY Gloucester Estates

26825 56 Ave/M–Beedie Group/L–Colliers; Randy Heed/Malcolm Earle 604-661-0831

1

64,832

26977 56 Ave/O–Beedie Development Group/M–Beedie Group/L–Colliers; Chris Morrison/Vito DeCicco 604-661-0875

1

141,494

3254 262 St/L–NAI Commercial; Angie MacDonald/Don MacDonald 604-514-6823

2

72,730

Northview Business Centre/5350 275 St/O–Beedie Development Group/M–Beedie Group/ L–CBRE; Chris MacCauley 604-662-5190

1

124,353

9,494-12,987

2.41

6,388-12,766

6.38

UÊ U

UÊ U 11,719-12,540

5.75

U

U

UÊ U

U

U U U

U

U

U

U U

U

U

U

U

U

U

Gloucester Industrial Estates/5350 272 St/L–Cushman & Wakefield; William (Bill) Hobbs 604-640-5808

2

23,655

5

U

5444 275 St/L–CBRE; Gurch Ollek 604-662-5103

1

14,000

2.02

U

U

5430 275 St/L–Cushman & Wakefield; Eric Rice/Andrew Green 604-640-5877

1

28,200

0.98

U

U

5363 & 5368 273A St/L–Cushman & Wakefield; Bill Hobbs/David Pottinger 604-640-5808

2

36,650

5.46

U

U

26550 Gloucester Way/M–Beedie Group/L–Beedie Group; Darren Brattston 604-436-7881

2

62,531

UÊ U

U

U

Gloucester Industrial Estates - Northeast Quadrant/274 St/M–Beedie Group/ L–Beedie Group; Todd Yuen/Beth Berry 604-909-8768

1

UÊ U

U

U

275 Corporate Centre/4825 275 St/M–Beedie Group/L–CBRE; Chris MacCauley/Daniel McGauley 604-662-5190

1

105,868

5.94

UÊ U

U

U

26688 56 Ave/L–Cushman & Wakefield; Bill Randall 604-608-5967

1

16,100

1.59

U

U

U

U

U

U

U

U

2

UÊ U

U

U

U

U

U

U

U

U

U

6,726-9,793

U

U

U U

U

U

U U

U U

U

U

Langley City 20350 Langley Bypass/O–Beedie Group/M–Beedie Group/L–Colliers; Chris Morrison/Vito DeCicco 604-681-4111

1

25,238

205 Business Place/6270 205 St/L–NAI Commercial; Don MacDonald 604-514-6824

1

45,244

20510-20530 Langley Bypass/O–BUK Investments/M–BUK Investments/L–BUK Investments Ltd; John McGrandle 604-408-3002

3

49,743

20381 62 Ave/L–Lee & Associates; Ryan Barichello 604-630-3371

1

49,465

Langmark Industrial Centre/20560 Langley Bypass/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Brenda McAvoy 604-531-1138

1

75,794

Friesen Equipment/22661 Fraser Hwy/L–Cushman & Wakefield; Andrew Green/Jot Mattu/Kevin Volz 604-640-5851

1

14,070

00_Office Space 2018_01 2.indd 66

6,000

4.26

650-9,770 2.01

U

U

UÊ U

U

UÊ U

U

U

U

U

U U

U

U

U

2018-05-17 3:08 PM


5947 206A St/L–Cushman & Wakefield; Kevin Volz/Andrew Green/Jot Mattu 604-640-5851

2

33,979

20473 Logan Ave/L–Cushman & Wakefield; Bill Randall 604-608-5967

1

12,000

E-

YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

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M

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BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

| 67

U

U

1.52

UÊ U

U

3,854-20,000

U

U U

Northwest Langley Station St Industrial Park/20255 102 Ave/L–Cushman & Wakefield; Bill Hobbs 604-640-5808

1

19,400

1.51

UÊ U

401 Business Centre Bldg A&B/9355 198 St/O–bcIMC/M–QuadReal Property Group/L–QuadReal; Maureen Neilly 604-916-5666

2

61,619

11

UÊ U

401 Business Park Bldg C/19770 94A Ave/O–bcIMC/M–QuadReal Property Group/L–QuadReal; Maureen Neilly 604-916-5666

1

26,885

11

UÊ U

9975 199B St/L–Cushman & Wakefield; Bill Hobbs 604-640-5808

1

86,454

9.14

Port Kells Industrial Area/19889 96 Ave/L–Lee & Associates; Sebastian Espinosa 604-630-3396

1

32,500

1.68

401 Business Centre Bldg D, E & F/19720 94A Ave/O–bcIMC/M–QuadReal Property Group/ L–QuadReal; Maureen Neilly 604-916-5666

3

119,874

11

Port Kells Centre/9347 200A St/L–Avison Young; Joe Lehman/Garth White 604-757-4958

2

101,979

4.79

200th St Business Park/200 St & 86 Ave/M–Wesgroup/L–JLL; Andrew Laurie 604-998-6008

3

120,800

3.11

9517 200 St/L–Colliers; Vito DeCicco 604-661-0830

1

10,118

U

U

U U

U U

U

U

U

U U

U

U

U

UÊ U

U

U U U

U

U U U

U

U

U

U

U

U

U

U

U

Willowbrook 4.5

U

U

U

U

UÊ U

U

U

U

U

U

U

U

U

U

U

Willowbrook Business Park/20434 64 Ave/M–Concert/L–Re/Max Commercial Advantage; Gordon MacPherson 604-510-5555

4

94,070

Langley Business Centre/6360-6375 202 St & 20120 64 Ave/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Brenda McAvoy 604-533-1138

3

108,465

Mufford Industrial Park/20626-20630 Mufford Cres/O–Wesgroup/M–Wesgroup Properties/ L–Lee & Associates; Sebastian Espinosa 604-630-3396

1

78,840

1

24,070

2.42

UÊ U

Braid St Distribution Centre/109 Braid St/O–bcIMC/M–QuadReal Property Group/ L–QuadReal Property Group; Jeff Rank 604-975-9623

4

689,528

32

UÊ U

U

U

U

15-79 Braid St/M–Bosa Development/L–Bosa Properties; Darrell Hurst 604-412-0464

4

195,000

UÊ U

U

U

U

230 Brunette Ave/L–Colliers; Todd Scarlett/Adam Mitchell 604-662-2639

2

78,000

UÊ U

U

U

U

2

60,000

U

U

U

1

50,000

U

U

U

1

78,984

UÊ U

U

U

825-12,000

U

U

MAPLE RIDGE Maple Meadows Maple Meadows Corporate Centre Phase III-IV/20285 Stewart Cres/ L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-683-3111

U

U

NEW WESTMINSTER Brunette

4.49

U

U

U

U

U

NORTH VANCOUVER CITY Lower Lonsdale 238-250 Esplanade E/M–Peterson Commercial/L–Avison Young; Terry Thies/Ian Whitchelo 604-647-5095 MacKay-Bewicke Harbourside Business Park/998 Harbourside Dr/M–Forman Pilkington/L–Re/Max Central; Braden Hall/Peter Hall 604-718-7300

NORTH VANCOUVER DISTRICT Lynnmour Keith Business Centre/1225 Keith Rd E/M–Hungerford Properties/L–Avison Young; Terry Thies/Ian Whitchelo 604-646-8398

4

Norgate Capilano Business Park/930-980 1st St W, 949 3rd St W/L–Avison Young; Terry Thies/Ian Whitchelo 604-646-8398

3

290,681

2,000-10,000

Lions Gate Business Park/1601-1723 Welch St/L–Re/Max Commercial; Ross Forman/Jeff Pilkington 604-980-3003

2

79,861

2,300

Cypress Business Centre/1801-1861 Welch St/L–Avison Young; Terry Thies/Ian Whitchelo 604-646-8398

2

45,000

Golden Ears Business Park - Phase I/19100 Airport Way/O–RPMG Holdings Ltd/M–Onni Property Management/ L–Avison Young; Ryan Kerr/Ben Lutes 604-647-5094

5

650,400

Golden Ears Business Park Phase II/19055 Airport Way/M–Onni Property Management/ L–Avison Young; Ryan Kerr/Ben Lutes 604-647-5094

4

559,100

1

UÊ U 3.2

U

U

U

U

UÊ U

U

U U

U

U

U U

PITT MEADOWS Pitt Meadows Airport 35

UÊ U

U

U

U

14,996

35

UÊ U

110,000

4,200

24

UÊ U

U

U

U

2,,589

U

U

U U

PORT COQUITLAM Mary Hill Estates Broadway Business Park/1551 Broadway St/O–Mondi Properties/M–Pinnacle International/ L–Lee & Associates; Steve Caldwell/Sebastian Espinosa 604-602-7747

U

1772 Broadway St/O–Onni Group/M–Onni Property Management/L–Re/Max Central; Chris Davies/Peter Hall 604-718-7300

1

64,302

UÊ U

U

U

U

U

U

U

1533 Broadway St/O–Onni Development/M–Onni Group/L–Re/Max Central; Peter Hall/Chris Davies 604-718-7300

1

116,000

UÊ U

U

U

U

U

U

U

1525 Broadway St/O–Onni Development/M–Onni Development Corp/L–Re/Max Central; Peter Hall/Chris Davies 604-718-7300

1

109,900

UÊ U

U

U

U

U

U

Meridian Business Centre/1680 Broadway St/O–RPMG Holdings/M–Onni Property Management/ L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-683-3111

1

82,394

UÊ U

U

U

U

U

U

Broadway Buisness Park/1515 Broadway St/O–Mondi Properties/M–Pinnacle International/ L–Lee & Associates; Steve Caldwell/Sebastian Espinosa 604-895-2224

1

50,000

UÊ U

U

U

U

00_Office Space 2018_01 2.indd 67

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U

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

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U

U

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UÊ U

U

U

U

U

U

Broadway Business Park/1611 Broadway St/O–Mondi Properties/M–Pinnacle Int’l/ L–Lee & Associates; Steve Caldwell/Sebastian Espinosa 604-895-2224

1

108,000

1776 Broadway St/O–Onni Group/M–Onni Property Management/L–Re/Max Central; Chris Davies/Peter Hall 604-718-7300

1

64,302

1750 McLean Ave/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5851

1

56,366

1765 Coast Meridian Rd/L–Lee & Associates; Steve Caldwell 604-895-2224

1

120,660

Kingsway Corporate Centre/2071 Kingsway Ave/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5863

1

20,255

5

U

1923 McLean Ave/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5851

1

26,265

2

U

Seaborne Park/575 Seaborne Ave/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5863

3

113,203

1620 Kingsway Ave/L–Lee & Associates; Ryan Barichello/Chris McIntyre 604-630-3371

1

23,350

Meridian Business Park/1750 Coast Meridian Rd/O–RPMG Holdings/M–Onni Property Management/ L–Onni Property Management 604-602-7711

1

170,550

Meridian Industrial Park/1633 Kebet Way/O–Beedie Group/M–Beedie Group/L–Beedie Group; Blake Asselstine 604-909-8720

1

1613 Kebet Way/M–Beddie Group/L–Colliers; Greg Lane/Chris Morrison 604-692-1442

1

River’s Edge Business Centre - Phase II/550 Sherling Pl/M–Transpacific Realty Advisors/ L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5851

1

28,070-51,030

24

YA IN R D LO ST AD O W AR RA GE EH LIG OU HT SE M HE A AV NU F Y O F M A AC T FIC NU UR IN E R E S P FA C G TU TA AC E RI IL NG RA SP A IL A CE BA CCE S RG S E B O AC C M A ESS

RE

S

4,200

AD

AC

E

.

– SIZE SQ R A . F NG T

BA Y

TO

NU

Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

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BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

Industrial/office park directory

2.52

UÊ U

6.12

UÊ U

U U

UÊ U

3,062

U

U U

U

U

U

U

U

U

U

U

U

U

U

U

U

UÊ U

U

U

U

45,593

UÊ U

U

U

30,348

UÊ U

U

U

U

23,191

UÊ U

U

U

U

1.99

U

U

U

Meridian 9,739-22,431

U

U U

Meridian Industrial Park/1391 Kebet Way/M–Beedie Group/L–Cushman & Wakefield; Rick Eastman 604-640-5863

1

17,827

UÊ U

U

U

Meridian Industrial Park/1615 Kebet Way/M–Beedie Group/L–Colliers; Greg Lane 604-692-1442

1

61,400

UÊ U

U

U

Meridian Industrial Park/1435 Broadway St/M–Beedie Group/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5863

1

57,251

UÊ U

U

U

River’s Edge Business Park - Bldg 1/573 Sherling Pl/L–Cushman & Wakefield; Kevin Volz/Rick Eastman 604-640-5863

1

35,712

UÊ U

U

U

Bridgeside Industrial Centre/13331-13333 Vulcan Way/O–Sun Life Financial/M–Bentall Kennedy/ L–Bentall Kennedy; Tim Evans 604-233-1009

3

280,660

15

UÊ U

U

U

U

U

Bridgeside Business Centre/12751-12759 Vulcan Way/O–Sun Life Financial/M–Bentall Kennedy/ L–Bentall Kennedy; Tim Evans 604-233-1009

4

382,000

15

UÊ U

U

U

U

U

11480-11482 River Rd/M–PCI Developments/L–CBRE Ltd; Steve Brooke/Joel Barnett 604-662-3000

2

222,755

9.5

UÊ U

U

H Brum Complex/2520-2560 Simpson Rd/M–Dorset Realty/L–Dorset Realty; Colin Schuss 604-270-1711

3

75,526

U

U

U

Brighouse West/6711 Elmbridge Way/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

29,659

U

U

7880-7888 Alderbridge Way/L–Cushman & Wakefield; Frances Wu 604-639-9356

2

21,000

Brighouse West/5920 No 2 Rd/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

45,814

U

RICHMOND Bridgeport-North Richmond

30,000-60,000

U

U

U U

U U

Brighouse 5,000-25,000

5

UÊ U

U

U

U

U

U

U

U

UÊ U

U

U

3.27

Brighouse West/5940 No 2 Rd/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

27,600

Brighouse West/6011 Westminster Hwy/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

30,046

Brighouse West/6151 Westminster Hwy/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

13,800

U

U

U

Brighouse West/6191 Westminster Hwy/O–bcIMC/M–QuadReal Property Group/ L–QuadReal Property Group; Brent Lee 778-554-3520

1

20,370

UÊ U

U

U

Brighouse West/6211 Westminster Hwy/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

30,000

UÊ U

U

U

Brighouse West/6551 Westminster Hwy/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520

1

30,492

UÊ U

U

U

Brighouse West/6311-6351 Westminster Hwy/M–QuadReal Property Group/L–QuadReal Property Group; Brent Lee 778-554-3520 2

86,634

U

U

Minoru Station/5720-5740 Minoru Blvd/M–Dorset Realty Group/L–Dorset Realty Group; Colin Schuss 604-270-1711

28,475

U

U

1

U

U

U

Crestwood Jacombs Business Centre/3771 Jacombs Rd/L–JLL; Casey Bell/Jonathan Jassebi 604-998-6014

4

180,000

5.15

13480 Crestwood Pl/O–BUK Investments/M–BUK Investments/L–BUK Investments Ltd; John McGrandle 604-408-3002

1

113,994

5.43

UÊ U

U

U

Knightsbridge Business Park/3260 Viking Way & 13680 Bridgeport Rd/O–Concert/M–Concert/ L–Colliers; Andrew Lord/Stefan Morissette 604-681-4111

2

65,624

3,600

15.7

U

U

U

U

U

Knightsbridge Business Park/3331-3571 Viking Way/O–Concert/M–Concert/ L–Colliers; Andrew Lord/Stefan Morissette 604-681-4111

9

214,941

3,600

15.7

UÊ U

U

U

U

U

U

Crestwood Commerce Centre/5580-5600 Parkwood Way/O–Sun Life Financial/M–Bentall Kennedy/ L–Bentall Kennedy; Tim Evans 604-233-1009

4

175,000

3,000-3,700

12

U

U

U

U

U

U

14191-14211-14231 Burrows Rd/M–Porte Realty/L–Cushman & Wakefield; Noah Freedman 604-683-3111

3

87,532

4.36

UÊ U

U

3600 Viking Way/L–Cushman & Wakefield; Ron Emerson/Jordan Sengara 604-608-5921

1

46,400

3.09

UÊ U

U

U

U

Key West Business Centre/3760-3960 Jacombs Rd/L–CBRE; Fraser Rowland 604-662-5128

9

419,996

17.1

UÊ U

U

U

U

Crestwood Place Business Centre/13511 Crestwood Pl/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard; Faye Tam 604-602-6450

2

50,582

5.75

UÊ U

U

U

U

U

Viking Way Business Centre/3671-3691 Viking Way/O–Pensionfund Realty/M–Morguard Investments/ L–Morguard; Faye Tam 604-602-6450

2

69,350

24,340

4

UÊ U

U

U

U

U

11300 River Rd/L–Lee & Associates; Don Mussenden 604-630-3373

1

13,942

1,000-3,320

U

U

U

00_Office Space 2018_01 2.indd 68

3,000

U

U

U

U

U

U

U

U

U

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Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

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| 69

4460 Jacombs Rd/L–CBRE Ltd; Joel Barnett/Luke Gibson 604-662-5570

1

40,084

UÊ U

U

U

Knightsbridge Business Park Bldg 2/13211 Delf Pl/O–Crestpoint Real Estate/M–SDM Realty

1

24,864

UÊ U

U

U

U

Knightsbridge Business Park Bldg 1/13231 Delf Pl/O–Crestpoint Real Estate/M–SDM Realty

1

53,800

4.62

UÊ U

U

U

U

Gateway Pacific Business Centre - Bldg C/13240 Worster Crt/M–Bentall Kennedy/L–Bentall Kennedy; Tim Evans 604-233-1009

1

147,378

15

UÊ U

U

U

U

2051 Viceroy Pl/L–JLL; Casey Bell/Bruno Fiorvento 604-998-6006

1

54,311

2.11

UÊ U

U

U

14251 Burrows Rd/M–Onni Group/L–JLL; Jonathan Jassebi/Bruno Fiorvento 604-998-6141

1

68,142

3851 Jacombs Rd/M–Porte Realty/L–Cushman & Wakefield; Matthew MacLean/Ron Emerson 604-640-5855

1

22,704

Crestwood Place Business Centre/13520 Crestwood Pl/M–Morguard Investments/L–Morguard; Faye Tam 604-602-6450

2

40,022

5.75

UÊ U

Crestwood Business Centre/13560-13566 Maycrest Way/L–Cushman & Wakefield; Matthew MacLean 604-640-5855

2

29,356

0.34

UÊ U

14291 Burrows Rd/L–CBRE; Bruce Richardson/Fraser Rowland 604-662-5127

1

22,728

1.1

3389 No 6 Rd/L–CBRE; Bruce Richardson/Fraser Rowland 604-662-5128

1

69,800

23511 Dyke Rd/M–Farrell Estates/L–Farrell Estates; Stephanie Setchell 604-273-7503

1

48,669

Kingswood Industrial Park/18233 Blundell Rd/L–Colliers; Darren Cannon/Stuart Morrison 604-662-2637

1

53,166

20699 Westminster Hwy/L–CBRE; Bruce Richardson/Fraser Rowland 604-662-5127

2

24,279

Richmond Industrial Centre/M–SDM Realty Advisors/L–Colliers; Stuart Morrison/John Boer/Roy Pat 604-662-2676

12

2,800,000

Shelter Island Commerce Centre/21300-21320 Gordon Way/O–Farrell Estates/M–Farrell Estates/ L–Farrell Estates; Stephanie Setchell 604-273-7503

2

180,000

UÊ U

Shelter Island Commerce Centre Marinaside/6900 Graybar Rd/O–Farrell Estates/M–Farrell Estates/ L–Farrell Estates; Stephanie Setchell 604-273-7503

1

180,000

U

UÊ U

U

U

U

U

U

U

U

U

U

U U

U

UÊ U

U

U

U

U

U

U

U

U

U

U

UÊ U

U

U

U

U

U

U

U

U

East Richmond 2.01

170

Fraserwood

6251 Graybar Rd/O–Farrell Estates/M–Farrell Estates/L–Farrell Estates; Stephanie Setchell 604-273-7503

1

30,000

U

U

U

21331 Gordon Way/O–Farrell Estates/M–Farrell Estates/L–Farrell Estates; Stephanie Setchell 604-273-7503

1

75,702

UÊ U

U

U

U

6260 Graybar Rd/O–Farrell Estates/M–Farrell Estates/L–Farrell Estates; Stephanie Setchell 604-273-7503

1

66,380

UÊ U

U

U

U

Fraserwood Business Park/22071 Fraserwood Way/L–CBRE; Joel Barnett/Steve Brooke 604-662-5570

1

64,858

U

U

1

11,540

UÊ U

U

U

Richmond Business Park/14480-14488 Knox Way/O–RPMG Holdings/M–Onni Property Management/ L–Colliers; Stefan Morissette 604-692-1428

2

82,086

North Richmond Business Park/14271-14273 Knox Way/O–GRM Industrial Holdings/M–Onni Property Management/ L–Colliers; Stefan Morrisette 604-681-4111

2

85,570

Horseshoe Centre/12280-12300 Horseshoe Way/M–Porte Realty/L–Porte Realty; Tracy Gu 604-732-7651

2

75,975

Riverside Business Park/12291 Riverside Way/M–GWL Realty Advisors/L–GWL Realty Advisors; Steffan Smith 604-713-6480

1

74,042

Steveston Industrial Park/12417-12491 No 2 Rd/M–Porte Realty

2

115,307

2,600

Mitchell Island 11531 Twigg Pl/L–Colliers; Craig Kincaid-Smith 604-661-0883 Riverside

Riverside Corporate Centre/11780-11784 Hammersmith Way/M–Porte Realty/L–Porte Realty; Tracy Gu 604-732-7651

3

125,490

12031-12051 Horseshoe Way/M–Porte Realty

2

21,000

Riverside Industrial Park/11471 Blacksmith Pl/M–Hungerford Properties/L–Colliers; Sean Bagan/Stefan Morissette 604-661-0821 1

38,194

6.42

UÊ U

U

U

U

U

U

UÊ U

U

U

U

U

U

U 1,960-2,464

U

UÊ U

4.37

U

U

UÊ U

U

U

U

UÊ U

U

U

U

U

1.5

U

U

3.71 6.7

U

U

U

U

U

U

U U

U

Van Horne 9300 Van Horne Way/L–JLL; Bruno Fiorvento/Casey Bell 604-998-6006

1

114,045

9500 Van Horne Way/O–338823 BC Ltd/M–Bosa Development/L–Bosa Development 604-294-0666

1

124,378

60,000

5

UÊ U

U

U

U

U

U

U

U

U

U

U U

U

SURREY Bridgeview 11125 124 St/L–Avison Young; John Eakin 604-646-8399

1

182,428

10619 Timberland Rd/M–Freeport Properties/L–Avison Young; John Eakin/Michael Farrell 604-646-8399

1

200,000

PacificLink Business Park/10449 Scott Rd/M–Wesgroup Properties/ L–Colliers; Stuart Morrison/Andrew Lord/Chris Brewster 604-681-4111

450,000

U

12.9

UÊ U 20,000-80,000

83

UÊ U

5.61

UÊ U

U U

U

U U

U

U

U

U U

U U

Campbell Heights Campbell Heigts Business Centre Phase II /19133 26 Ave/O–Porte Realty/M–Porte Realty

1

42,471

19110-19130 24 Ave/O–Onni Group/M–Onni Property Management/L–Avison Young; Garth White/Joe Lehman 604-575-4960

1

109,600

Campbell Heights Business Centre - Phase III/19148 27 Ave/M–Porte Realty

1

18,379

5.61 5.62

U

U

U

U

U

U

U

UÊ U

U

U

UÊ U

U

U

UÊ U

U

U

U

Campbell Heights Business Centre - Phase I/2677 192 St/M–Porte Realty/L–Porte Realty; Tracy Gu 604-732-7651

3

105,782

Blackthorn III/2468 192 St/L–Cushman & Wakefield Ltd; Bart Vanstaalduinen/Andrew Green 604-640-5871

1

97,778

19099 25 Ave/M–Porte Realty/L–Cushman & Wakefield; Kevin Volz/Andrew Green 604-640-5851

1

50,557

2.52

UÊ U

U

Campbell Heights North Business Park/18905 32 Ave/L–Lee & Associates; Sebastian Espinosa 604-630-3396

1

29,115

1.54

UÊ U

U

Campbell Heights West/18810 24 Ave/M–Onni Development/ L–Avison Young; Mathew Sunderland/Garth White/Joe Lehman 604-747-4960

2

400,000

20

UÊ U

U

U

Latimer Lake Business Centre/2567 192 St/L–Avison Young; John Eakin 604-646-8399

1

44,776

U

U

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OFFICE SPACE 2018 PUBLISHED BY BUSINESS IN VANCOUVER

Bridon Heights/2052-2076 192 St/L–Colliers; Randy Heed/Malcolm Earle 604-661-0831

2

97,894

South Surrey Business Park/2830 188 St/M–Hopewell Development Corp/ L–Avison Young; Michael Farrell/Robert Gritten/Ryan Kerr 604-647-5063

4

775,900

38

13,000

6.52

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S RE

23,100

DO

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Industrial park name/address O–Owner/M–Management company/L–Leasing company; Contact/Phone

M

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BE R OF BU ILD TA IN AR L R GS E A EN – TAB SQ LE .F T

Industrial/office park directory

UÊ U

U

UÊ U

U

U

U

UÊ U

U

U

UÊ U

U

U

U U

Twin Creeks Business Centre - Phase 1/19353 22 Ave/L–Avison Young; Joe Lehman/Russ Bougie 604-757-4958

1

85,579

Campbell Heights I/2455 192 St/L–Cushman & Wakefield; Andrew Green 604-640-5800

1

132,976

Campbell Heights/3557 190 St/L–Cushman & Wakefield; Andrew Green 604-640-5800

1

6,927

UÊ U

U

U

Campbell Heights Industrial Centre II/19255 21 Ave/M–Farrell Estates/L–Farrell Estates Ltd; Stephanie Setchell 604-273-7505

1

80,685

UÊ U

U

U

192 Corporate Centre/2278 192 St/M–Beedie Group/L–Colliers; Chris Brewster/Chris Morrison 604-662-2694

1

103,877

UÊ U

U

U

Campbell Heights North/3425 189 St/L–Cushman & Wakefield; Andrew Green 604-640-5800

1

29,976

U

U

U

Campbell Heights North/L–Colliers; Vito DeCicco/Chris Morrison 604-661-0830

3

430,000

10,500-161,000

U

U

32nd Avenue Business Park/18977 32 Ave & 3237 190 St/M–Benchmark Properties/ L–Avison Young; Joe Lehman/Garth White 604-757-4958

2

46,528

1,774

U

U

1.77 19.67

UÊ U

Campbell Heights North/3487 191 St/L–Cushman & Wakefield; Bill Hobbs/Michael Hardy 604-640-5808

1

30,300

UÊ U

U

U

Campbell Heights South/20 Ave/M–Beedie Group/L–Beedie Group; Todd Yuen/Beth Berry 604-909-8768

1

200,000

UÊ U

U

U

U

South Surrey Business Park - Bldg 2/2920 188 St/M–Hopewell Development Corp/ L–Avison Young; Ryan Kerr/Michael Farrell/Robert Gritten 604-647-5094

1

155,883

38

UÊ U

U

U

3.53

UÊ U

U

U

UÊ U

U

U

U

U

Cloverdale Cloverdale Industrial Park/17802 66 Ave/L–Lee & Associates; Steve Caldwell/Sebastian Espinosa 604-895-2224

1

163,377

17,700

Enterprise Business Centre/19232 Enterprise Way/L–NAI Commercial; Don MacDonald 604-514-6824

1

39,619

2,460

17848-17858 66 Ave/M–Bentall Kennedy/L–Colliers; Malcolm Earle 604-661-0895

2

122,250

4.05

UÊ U

Rymar Business Centre/18635 & 18663 52 Ave/L–Avison Young; Garth White/Joe Lehman 604-757-4960

2

100,000

5.43

U

U

U

19033 54 Ave/L–Avison Young; Garth White/Joe Lehman 604-757-4960

1

19,989

U

U

U

19425 Langley Bypass/L–Avison Young; John Eakin 604-646-8399

1

100,000

U

U

U

Willowbrook Business Centre/19292 60 Ave/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Brenda McAvoy 604-533-1138

2

74,602

FAMA Business Park/15045-15050 54A Ave/M–Bentall Kennedy/L–Cushman & Wakefield; Andrew Green 604-640-5800

8

316,407

Pacific Highway Business Park/17660 65A Ave/M–REMI Realty/L–Cushman & Wakefield; Bill Hobbs/Eric Walker 604-640-5808

4

65,000

17696 65A Ave/L–Cushman & Wakefield; Bill Hobbs 604-640-5808

1

25,201

1,475-12,000

Anvil Way Industrial Centre/12824-12914 Anvil Way/O–Benchmark Properties/M–Benchmark Properties/ L–Benchmark Properties; Brenda McAvoy 604-533-1138

4

89,945

2,850-23,000

2.16

UÊ U

7808 132 St/O–Double V Developments/M–Double V Developments/ L–Cushman & Wakefield; Kevin Volz/Andrew Green 604-640-5851

7

115,695

2,036-12,000

4.13

UÊ U

Colebrook Business Centre/15110 54A Ave/O–Colebrook 152 Holdings/M–Morguard Investments/ L–Morguard; Faye Tam 604-602-6450

1

95,947

4,000-60,000

12

Colebrook Business Centre/5355 152 St/O–Colebrook 152 Holdings/M–Morguard Investments/ L–Morguard; Faye Tam 604-602-6450

2

229,772

12

Newton Omniplex Centre - Bldg 1/7788 132 St/L–Cushman & Wakefield; Kevin Volz/Andrew Green 604-683-3111

1

280,260

8.68

Newton Omniplex Centre - Blg 5/13370 78 Ave/L–Cushman & Wakefield; Kevin Volz/Jot Mattu/Andrew Green 604-640-5851

1

38,889

North Newton West Industrial Centre/8145 130 St/O–Redstone Group/ L–Cushman & Wakefield; Kevin Volz/Andrew Green 604-640-5851

1

147,487

5.33

13078 84 Ave/L–Colliers; Vito DeCicco 604-661-0830

1

7,200

1.3

U

U

East Newton

16.03

UÊ U

U

U

U

UÊ U

U

U

U

U U

U

U

U

U

U

U

U

U

U

Newton U

U

U

U

U

U

UÊ U

U

U

U

UÊ U

U

U

U

U

U

U

UÊ U

U

U

UÊ U

U

U

U

U

U

U

U U

Port Kells 9275 & 9305 194 St/O–Bosa Properties/M–Bosa Properties/L–Bosa Properties; Darrell Hurst 604-412-0464

2

85,104

4.7

UÊ U

Centre on 96th Avenue/19358 96 Ave/O–Wesgroup/M–Wesgroup Properties/ L–Lee & Associates; Sebastian Espinosa 604-630-3396

1

176,000

6.3

Port Kells Industrial Park/18503 97 Ave/L–Cushman & Wakefield; Kevin Volz/Jot Mattu 604-640-5851

2

23,654

1,192

9775 188 St/L–Colliers; Pat Phillips 604-661-0871

1

20,498

5,770

19585 56 Ave/L–Avison Young; Joe Lehman/Garth White 604-757-4958

1

21,359

Golden Ears Industrial Centre/18770-18810 96 Ave/L–Lee & Associates; Sebastian Espinosa 604-630-3396

5

300,000

Cancar Business Park/19433 96 Ave/M–Beedie Group/L–CBRE; Chris MacCauley 604-662-5190

1

37,891

9780 188 St/L–Colliers; Chris Brewster 604-662-2694

1

19405 94 Ave/M–Bosa Properties/L–Colliers; Randy Heed/Malcolm Earle 604-661-0831 9726 186 St/L–Avison Young; Robert Gritten/Michael Farrell 604-647-5063

00_Office Space 2018_01 2.indd 70

1.25

7.7

U

U

U

U

U

U

U

U

U

U

U

U

UÊ U

U

U

U

U

U

UÊ U

U

UÊ U

U

U

U

18,402

UÊ U

U

1

23,761

UÊ U

U

U

U

1

36,563

U

U

U

29

2

UÊ U

U

U U

U U

2018-05-17 3:08 PM


3383 Gilmore Way

980 Howe Street

510 Burrard Street

1095 West Pender Street

Look up. Youâ&#x20AC;&#x2122;ll see our ofďŹ ce towers in major cities across the globe including Vancouver, Toronto, New York, Chicago, Los Angeles, Hong Kong and Tokyo. Our team of real estate professionals is dedicated to managing millions of square feet of commercial real estate for thousands of customers each day. Customers that call our buildings home. For leasing information, please contact: Paula Wright, Leasing Director | T : 604.717.8235 | E: Paula_Wright@manulife.com Patrick Henry, Leasing Manager | T: 778.328.1605 | E: Patrick_Henry@manulife.com

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2018-05-17 3:08 PM


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Profile for Business in Vancouver Media Group

Office Space 2018  

Office Space 2018