Office Space 2024

2030 VISION

GREATER VICTORIA’S URBAN SUSTAINABILITY

DIGITAL SECURITY SMART SOLUTIONS FOR SMARTER BUILDINGS

BOMA BC AWARDS RECOGNIZING THE 2024 RECIPIENTS

2024 | COMMERCIAL REAL ESTATE

Designing Spaces, Building Connections

ENHANCING WORKPLACE EXPERIENCES

Our integrated approachcovers every aspectofworkspaceenhancement, from strategic planning to project delivery

Trust Aura to handle workplace strategy,interior design, and construction managementwith precisionand expertise.

EXPLORE THE POSSIBILITIES OF ATAILORED DESIGN-BUILD PROJECT.INQUIRE TODAY

(604) 510 7101

High-performancebuildings need expert cleaning crews

With 40 yearsofexpertise,our cleaning and maintenanceser viceisrobust and customized to each facility’sneeds andbudget, ensuring reliable ser vices forseamless operations.

Whether it’sastandaloneofice complexoran expansiveretail chain, Alpine provides dedicated cleaning teams foreach building, ensuring tailored care fore very property’s specific needs. Ouroperators ofer serviceslikejanitorialwork , floor care,sanitizing, disinfection, and building exterior maintenance.

TAILORED SOLUTION

Whetherit’sa high-traffic retail spaceora privateofficebuilding, we understandthe nuances andcraft ourservicestomeet thoseexact requirements.

FLEXIBLE SERVICES

We offer flexible cleaning schedulesto matchthe operationalhours of your properties,ensuringminimal disruption and optimalcleanliness.

PERSONALIZED CARE

You’re notjustanother contract.Our dedicatedteams gettoknowyourbuildings inside out, creating apersonalized service plan tailored to each property

16

20

FEATURES

8 OFFICE SPACE ANCHORS

The state of Vancouver’s tech campuses

11 BUILDING URBAN SUSTAINABILITY

Progress on Greater Victoria’s 2030 district

14 SMART CYBERSECURITY

Solutions for increasingly ‘smart’ buildings

16 BOMA BC AWARDS

The winners of the 2024 excellence awards

20 THE VANCOUVER ADVANTAGE

Why the city’s o ce market outperforms

22 COLUMN: THE BENEFITS OF RSG

Ready, Set, Go Suites give landlords options

LISTS

22 DEALS

The biggest real estate deals of 2023

28 MANAGERS

B.C.’s largest commercial property managers

30 BROKERAGES

The top commercial brokers in the province

DIRECTORY

31 OFFICE BUILDING LISTING

Greater Vancouver’s o ce buildings

PRESIDENT: Alvin Brouwer

EDITOR- IN - CHIEF: Hayley Woodin Hastings

MANAGER, SALES AND

MARKETING: Marianne LaRochelle

DESIGNER: Tracy Trydal

CONTRIBUTORS: Nelson Bennett, Brigitte Petersen, Claire Wilson, Daisy Xiong

RESEARCHER: Anna Liczmanska

AD SALES: Blair Johnston, Lorena Macdonald, Bryce Wickstrom, David Witherspoon

ADMINISTRATOR: Karen Ngan

O ce Space 2024 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 2024 Business in Vancouver. 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. 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

Cover Photo: Alejandro Vzq/iStock/ Getty Images Plus

WELCOME TO OUR LATEST ISSUE OF OFFICE SPACE

As we launch this new issue, we find ourselves at the intersection of innovation, sustainability and community. You can read about a range of topical issues, from the state of Vancouver’s tech campuses to the decarbonization work building owners are doing as part of the Greater Victoria 2030 District.

The pandemic forced us to rethink how we work, connect and create value. But amidst the challenges, we’ve seen resilience and adaptability. From flexible work arrangements to innovative technologies, our industry is embracing change like never before. In these pages, you’ll discover strategies to guide you through the ever-evolving landscape of office space.

We also have included BIV’s ever-popular lists of the biggest commercial property management companies and brokerages, as well as an office building directory unique to this publication.

Office Space is another opportunity to celebrate the recipients of the BOMA BC 2024 Awards of Excellence. Congratulations to all the winners and thank you for your hard work in preparing your award submissions.

In September, we are excited to host BOMEX here in Vancouver, following last year’s sold-out conference in Edmonton. It will be three days of adventures, networking, and inspiring and

practical content together with a celebration of the best of Canadian commercial real estate. We hope to see several B.C. buildings on the stage at the National Awards Gala. Tickets are selling fast, so if you haven’t already registered, visit bomex.ca and join your peers from across the country.

We recognize that at the core of commercial real estate are the people who breathe life into our buildings, whether building operators, property managers or tenants. Thank you for being part of one of the biggest contributors to B.C.’s economy.

Damian Stathonikos President, BOMA BC

DIRECTORS

Taylor Gallaher

2024-25 BOARD OF DIRECTORS

Senior director, property management, Beedie

Sean Hamilton

President, First District Mechanical

Elizabeth Han

Director, property management, Warrington PCI Management

Derek Hurley

General manager, o ce for CF Paci c Centre and HSBC Building, Cadillac Fairview

Julie Lacasse

Vice-president, o ce Vancouver, QuadReal Property Group

Jean Lehmann

Asset and leasing manager, Musqueam Capital Corp.

BOMA BC EVENTS & EDUCATION

Santosh Nahal

Director, property management, GWL

Realty Advisors

Leonard Pianalto

Managing principal, RJC Engineers

Leanne Reynolds (past chair)

Director, property management, B.C., Colliers International

Robert Scott (Victoria chapter)

Executive vice-president, Bee-Clean Building Maintenance

Kevin Soltani

General manager, BentallGreenOak

Kathy Tuulos

Director, tenant and community relations, Low Tide Properties Ltd.

PRESIDENT, BOMA BC

Damian Stathonikos

This year, BOMA BC has held an annual Ski Day, luncheons in Vancouver, Surrey, Victoria and Kelowna, as well as multiple hybrid education sessions. Our Women of BOMA events and The New Professionals events have been very popular and the organization is looking forward to hosting the Boat Cruise, Golf Classic and Christmas Luncheon, among other events. For a list of events and educational o erings, visit: boma.bc.ca/events-sponsorship/ event-calendar

2024 BOMA CORPORATE SPONSORS

Platinum Mott Electric

Gold

BFL Canada Insurance Services Inc.

The Cadillac Fairview Corp. Ltd.

GDI Ainsworth

Somatic HVAC Solutions

Silver

Bee-Clean Building Maintenance

Broadway Refrigeration & Air Conditioning Co. Ltd.

Corporate Electric

Bronze

Alpine Building Maintenance

BEST Service Pros

Control Solutions Ltd.

Envirosafe Janitorial Inc.

GardaWorld

Gateway Mechanical Services

GuardTeck Security Co.

GWL Realty Advisors

Energy Education Sponsor

Johnson Controls

Morguard Investments Ltd.

Trane

Peterson

Priority Building Services Ltd.

SerVantage Services Corp.

Sterling IAQ Consultants Ltd.

Triovest Realty Advisors (BC) Inc.

QMC Submetering Solutions

Ultra-Tech Cleaning Systems

Warrington PCI Management

Join

KEYNOTE SPONSOR

OFFICE SPACE ANCHORS

Vancouver’s tech campuses continue to play a vital post-pandemic market role

They’re not Googleplex or Apple Park, but Vancouver’s tech campuses and innovation hubs continue to attract investment and talent while supporting the area’s technology sector and the local economy, according to companies that occupy and build them.

Tech campuses are typically sprawling complexes that house o ces, research labs and other facilities. Designed to foster innovation, collaboration, research and development, and productivity in workspaces, these hubs are known for providing unique amenities to attract top talent and investment. While remote work and distributed teams are common following the COVID-19 pandemic, these campuses continue to o er in-person experiences.

Amazon’s Vancouver Tech Hub covers space in ve downtown o ce buildings—including 402 Dunsmuir and the Telus Garden building— where more than 4,500 corporate employees collaborate, mainly in tech, sales and marketing positions. e hub’s centre of gravity is now the new development e Post, where Amazon recently became the sole corporate tenant, occupying 21 oors and nearly 500,000 square feet in the South Tower. An example of Vancouver’s mid-century architecture, e Post is located on the site of Canada Post’s former Georgia Street processing facility. e building’s developer and manager, QuadReal Property Group, and MCMP Architects retained and restored

many of the building’s distinctive elements.

Amazon Canada’s head of human resources Michael Weeks says the big focus at e Post is on collaboration.

“We try to create a space that fosters energy and brings vibrancy to the environment,” says Weeks. “We’ve set up our space around team neighbourhoods. ey either work at their desks or in collaborative spaces and use white boards and the social setting of an in-person presence.”

When the development is fully complete, it will add nearly 1.1 million square feet of o ce space and 185,000 square feet of retail space over a full city block—making it the largest o ce building in Vancouver. Amazon plans to also later occupy the North Tower, which is currently under construction.

Besides fully equipped kitchens on every oor, games rooms, lactation spaces for nursing moms, and interfaith and quiet rooms, the South Tower features special amenity oors for Amazon sta on the upper levels, including a solarium, and team suites for brainstorming. e building has a roo op deck with dog parks to support Amazon’s

A sport court is just one of the many amenities on o er at The Post • Submitted

Some of the interior furnishings and nishings at The Post, which was built on the site of Vancouver’s iconic Canada Post building • Submitted

Dogs at Work program. Other amenities include an outdoor sport court for basketball and volleyball, outdoor seating, a dog run and a catering space for outdoor events scheduled to open in the summer of 2024.

“We want to make the space welcoming and inclusive for an increasingly diverse workforce,” says Weeks.

A company volunteer group organizes events such as trivia days, ping pong competitions and World Cup soccer pools.

“Our sta are in charge of their own schedule, so they’ll schedule time to have a ping pong match,” Weeks explains. “Our employees prioritize balance and fun and that’s part of the value of being in person and having a social network.”

O ering shared amenities allows employees to build relationships and improves collaboration, according to Weeks, and while Amazon o ers hybrid work options, the company’s downtown o ce spaces are attracting sta

“Amenities can provide a bit of balance. We think teams form better when they are socially connected, not just focused on work all the time,” he says. “ e pandemic has changed our relationship with employees. Flexibility right now is front of mind, and it needs to be. A one-size- ts-all solution for everything related to employees—be it time in the o ce, how they work or where they work—it’s kind of a thing of the past.”

e downtown location of Amazon’s corporate o ces also bene ts the local economy and surrounding businesses, according to Weeks. Loblaws City Market and Starbucks are open for business at e Post, and a food court is expected to open later this year.

Planning for the future

Adding to its existing properties along Great Northern Way in Vancouver, Low Tide Properties has partnered with PCI Developments on the South Flats project—a planned innovation hub near the future Great Northern Way-Emily Carr and VCC-Clark Skytrain stations. Located at 485 Great Northern Way, the development includes three mixed-use high-rise towers with 2.2 million square feet of space with 1,400 rental residential units, 900,000 square feet of o ce space and 200,000 square feet of retail, industrial and service commercial space. Once completed, it will o er shared amenities such as an indoor market area and outdoor roo op space.

“ e creative hub on Great Northern Way is still very much in its

Amazon’s newest Vancouver o ce space was designed with worker exibility in mind • Submitted early stages,” says Adam Mitchell, Low Tide’s vice-president of asset management and development. “ e projects themselves are in the rezoning process with the City of Vancouver and will take a few years to deliver to market.”

e rst phase of buildings is projected to be ready in 2027, following the launch of the Broadway Subway.

“Our goal is to create a vibrant, complete community which leverages the area’s existing strengths, like the post-secondary institutions and a multi-modal transit network connected to the broader city, by adding apartment, retail, industrial and o ce space that will make Great Northern Way the local home and global champion for Vancouver’s creative innovation economy,” Mitchell explains.

Despite the pandemic and the high cost of rented o ce space, Mitchell says he believes there is still appetite among companies to invest in large o ce spaces.

“Right now, the focus of these companies is on the premier o ce buildings in the market which haven’t seen meaningful availability in 10-plus years,” he says. “ rough a combination of vacancy or sublease opportunities, companies have access to space they otherwise wouldn’t have.”

Overall, Mitchell says he’s noticed increased emphasis on providing meaningful user experiences for employees in post-pandemic o ce space. Integrating residential rental and retail with o ce or industrial space is critical for what Mitchell calls “creating vibrancy 24/7” to allow people to interact and connect socially.

“When people are moving from a solitary setting like working from home to a more social setting in a shared space, it o en is out of the desire for more social connections,” he explains. “It’s not just what is happening in the o ce space that matters. It’s just as important to think about what is happening on the ground level of the buildings and surrounding areas.”

While the Vancouver-based company can’t yet con rm which businesses will operate out of the development, Mitchell says he’s anticipating “strong interest” once the construction timeline is set.

“We are talking with and educating interested groups on the vision for the area and the reception has been very positive,” he says. “ e Broadway Corridor sub-market continues to have the lowest o ce vacancy in Vancouver, indicating that the technology, creative and life science tenants that favour this area still see o ce space as a meaningful part of their strategy.”

BUILDING SUSTAINABILITY

More than 40 buildings in Greater Victoria promise to cut emissions in half by 2030

DAISY XIONG

Anetwork of commercial buildings in Greater Victoria is on track to achieve ambitious emissions-reduction targets by 2030.

Greater Victoria is currently the only municipality in British Columbia that has signed up to participate in the 2030 Districts Network—a global initiative to build sustainable commercial building districts by reducing energy usage, water consumption and transportation-related emissions.

“ e main concept is we bring together property managers in the region to work towards deep reductions in greenhouse gas emissions and energy use, focusing on commercial property managers,” says Cora Hallsworth, director of Greater Victoria 2030 District.

“Our goal is we want to create this hub of high-performing buildings, helping the buildings reduce their emissions and become resilient to climate change as well.”

Forty-four commercial buildings in Greater Victoria have joined the network since its launch in 2021, according to Hallsworth, and that number continues to grow. All participating properties have committed to reducing their emissions by 50 per cent from their 2007 emissions level by 2030.

“Most of them are de nitely on track,” says Hallsworth.

“ e buildings are using 35 per cent less energy as a whole and also 55 per cent less in emissions, and many buildings have already met the targets and are going to well exceed that,” she adds. “We have a beyond-2030 goal as well to strive towards net zero.”

Hallsworth says they used 2007 as a benchmark because it was when many international and national sustainability targets were set.

e commercial buildings participating in the Greater Victoria 2030 District are adopting a range of measures to reduce their emissions and increase their energy e ciency, such as installing advanced building controls, smart-building systems, geothermal systems, solar panels and LED lighting, according to Hallsworth.

Anthem Properties Group Ltd.’s Tillicum Centre in Victoria is one of the buildings participating in the initiative. e property has achieved 13 per cent of its 2030 emissions-reduction goal due to recent improvements, according to the company.

“We are really happy with the results [given that] we still have six years le ,” says Elyse Kituri, director of property management at Anthem and past chair of the Building Owners and Managers Association of British Columbia’s (BOMA BC) Victoria chapter.

Kituri says that the Greater Victoria 2030 District has provided participating property managers an opportunity to learn how to evaluate the current operations of existing buildings, and how to optimize performance and e ciency in a way that makes sense.

Members of the Greater Victoria 2030 District visit

roof of Jawl

For many buildings, reaching the 2030 benchmark can be a momentous feat, considering that building owners o en only have control over a building’s common areas, and don’t have access or control over tenant energy consumption, according to Kituri.

“ rough the collaboration of the district, we’re now able to access aggregated site data in order to collect the full property energy consumption,” she says, adding that collaboration between owners and tenants is key to achieving the emissions-reduction goal.

Despite progress to date, Hallsworth says there are numerous challenges the network needs to overcome to meet its 2030 target and to also grow the number of buildings participating in the project. Many o ce buildings are still recovering from nancial challenges following years of vacancies during the pandemic.

“ ey’re starting to bounce back from that, but it seems there’s been some ongoing a ere ects of that. ere’s also a lot of changes in di erent acquisitions, mergers and changing ownership, so there’s always a bit of a start-over process with that,” says Hallsworth.

She says the “island e ect” of Victoria also adds to challenges faced by property owners, as acquiring certain services to implement speci c sustainability measures may be less readily available and more expensive. To counter than, the district looking into pooled purchasing opportunities.

Access to capital—and capital’s increasing cost—are also roadblocks, says Kituri. She says the district and BOMA BC are looking at ways to address capital challenges. ese may include funding through the Canada Infrastructure Bank, which has options available for green infrastructure, building retro ts and decarbonization projects.

Our

goal is we want to create this hub of high-performing buildings, helping the buildings reduce their emissions and become resilient to climate change

CORA HALLSWORTH DIRECTOR, GREATER VICTORIA 2030 DISTRICT

Hallsworth says the district’s focus in 2024 is to bring more smaller property managers on board. It is also working with the University of Victoria to develop an online resiliency tool slated to be available next year.

“[It’s] where commercial property can evaluate and prioritize actions for mitigating climate risks, how they can do retro ts to reduce emissions, and also make sure that they’re less vulnerable to the impacts of climate change,” she says.

2030 districts: By the numbers

24

Washroom cleaning & janitorial supplies

Dispenser solutons

• Towels, tssue

• Soap, chemicals

1,650

districts in Canada and the U.S.

organizational members

square feet of commercial space committed

• Hard floor, carpet & cleaning equipment

618,000,000 50%

2030 districts: By location

reduction in water and energy consumption and transportation emissions from 2007 Albuquerque

Drives Decarbonization

Cadillac Fairviewisinvesting over $9.5 million towards theinstallation of innovative decarbonizationsolutions at its Vancouver Ofces.

Emissionreductions are projectedtobeupto3,000 tonnes of CO2e annually upon projectcompletion

In additiontocarbon emission reductions, the projects are anticipated to deliver significant energyuse reductions

‘SMART’ SECURITY

The ‘smarter’ o ce buildings become, the more they need to consider the vulnerabilities of their internetconnected operational technologies

NELSON BENNETT

By now, many employers will have implemented some kind of cybersecurity training for employees to ensure they aren’t tricked by a phishing scam that ends in the company falling victim to a ransomware attack.

While corporate tenants may have procedures and training in place to avoid such attacks, do those strategies consider the HVAC company hired to x or replace an air conditioning system in an o ce building, or the elevator technician contracted to maintain service?

Commercial buildings have become increasingly “smart,” which is to say increasingly internet-connected. is is known as the Industrial Internet of ings (IIoT).

In a typical modern commercial building, there can literally be thousands of digital devices trading information “packets” over the internet, including key card door lock systems, elevators, security cameras, HVAC systems and smart lighting systems.

It’s estimated there are now some 30 billion internet-connected devices in the world, and a whole lot of them are visible on Shodan—an internet-of-things search engine.

“As everything now has become digital, the number of ways to get into a company has gone from maybe ve, in the beginning, 20 years ago, to hundreds if not thousands, per company,” says Phil Fodchuk, a partner with MNP’s digital services.

“ e bigger the connected landscape in a building, the more opportunity you’re given for threat actors to get in,” adds David Masson, vice-president of enterprise security for Darktrace.

“In a short span of time, smart systems and the [IIoT] have become the new reality for commercial real estate (CRE) organizations—from HVAC systems that can monitor occupancy trends and lower your utility bills, to elevator systems that run analytics to boost e ciency and reduce lineups,” MNP says in report on cybersecurity in commercial real estate.

“ ey’ve brought signi cant bene ts, such as lower costs, improved e ciency and tenant satisfaction within CRE. But they don’t come without risks.”

ere was a time when only major industrial facilities such as nuclear power plants, hydro-electric dams and pipelines had to worry about back-door intrusions through supervisory control and data acquisition—or SCADA—sytems.

Today, the typical modern o ce tower can have its own version of a SCADA system, but without it being air-gapped from the rest of a company’s or buildings’ computer system. All these devices connected to the internet provide an expanding digital warren through which malicious programs can run.

“ ese new internet-connected systems are geared towards user-functionality but have minimal cyber security features built in, making

them an easy target for attacks such as ransomware,” MNP warns. “Additionally, third-party vendors and building sta working on maintaining and managing these systems are o en not trained in cybersecurity and further contribute to the risks.”

e commercial real estate sector faces “unique risks” when integrating intelligent building systems, according to Fortinet. ese include:

• Lack of end-to-end network and cybersecurity monitoring and visibility;

• Multiple internet connections in buildings with no centralized control;

• Poor network and device patch management practices; and

• Insecure remote access technologies and processes.

Fortinet notes that many IIoT systems were deployed to perform speci c functions—control elevators, for example—but then get layered onto a network with little consideration for the security vulnerabilities they may introduce.

“ is created a situation where disparate systems, networks and remote access connectivity were deployed without the appropriate management processes and monitoring required to protect digital assets and data from cyber criminals properly,” Fortinet warns.

e MNP report points to a 2013 breach at U.S. Target stores as an example of how IIoT in commercial buildings can increase vulnerability. at breach cost Target US$18.5 million just in settlements alone. It was caused by a third-party HVAC vendor’s system.

Internet security experts talk about IT (information technology, which includes computers and computer networks) and OT, or operational technology. If IT is the network on which computers operate, OT is the system on which “things” operate—everything from security cameras to lightbulbs.

As IT and OT become increasingly integrated and connected via the internet, it increases vulnerability within the network because there were traditionally fewer safeguards built into OT systems than IT systems.

Smart lightbulbs, for example, are not password protected, Masson points out, even though they connect to the internet just like a laptop or smartphone.

Fodchuk notes that, in the past, an elevator technician would show up with a toolbox. Today, when a repair person shows up to x an HVAC system or EV charger or elevator, his or her “toolkit” may include a laptop. And who knows where that laptop has been?

Fodchuk says building managers and IT departments should be

Smarter o ce buildings require more sophisticated cybersecurity practices • fatido/iStock/Getty Images Plus

familiar with a series of standards—ISA/IEC 62443—that de ne requirements and processes for running secure industrial automation and control systems.

Under these standards, a third party who needs to connect to your system for whatever reason should not be allowed to use his or her own computer, but should be given a company laptop or computer to use.

“You actually don’t allow untrusted devices or untrusted data to come in,” Fodchuk says. “If you need a computer to connect in and do something, we’re going to give it to you because it’s trusted—we don’t trust your laptop.” e most common way for bad actors to get into a network is still through phishing. But there are other ways to introduce malicious code. Attackers can exploit IIoT systems through third-party supply chains, for example.

In 2020, one of these attacks was through Orion, commercial so ware made by SolarWinds. Advanced persistent threat (APT) attackers had in ltrated the SolarWinds so ware through its supply chain, Fodchuk says.

“You use something, a tool, to run your pumps, to run your elevators,” Fodchuk explains. “ at so ware o en is provided by a third-party company, and that third-party company uses another third-party company for so ware or coding.

“So when you get it, as a customer, and you’re operating, there may have been four or ve, six other companies that had to contribute, and they may have a weakness.

“Attackers gured out, if we can get into SolarWinds, and we can adjust the code to put a back door into SolarWinds, when a client buys SolarWinds, we now have a back door directly into that client.”

Attackers can also simply get into a network through a phishing attack, and when IT and OT systems are connected, the OT side of things—all those hundreds or thousands of devices—provides the attacker lots of space to move around in, and more door handles for digital entry.

And some “smart” devices are connected to the internet without any password protection. You can nd them on Shodan—the search engine for connected devices.

“Most of these internet tech things, whether it’s a lightbulb or whatever, don’t have passwords,” Masson says. “So you don’t need a backdoor. ey’re just there broadcasting away on the internet.”

One way to keep a building’s IT and OT systems safe is with the type of AI so ware that Darktrace uses.

RioCan Real Estate Investment Trust uses Darktrace to protect e Well in Toronto—a large mixed-use development with residential, o ce and retail buildings.

e Darktrace AI program runs in the background on the company’s computer network and learns “the entire digital infrastructure of a building,” Masson explains.

“What the AI is ultimately doing is learning what is normal for that digital infrastructure,” he says. “It only focuses on the data produced by the digital infrastructure that’s in that building.”

e system learns what is “normal” for data ows and develops “pattern of life models” for everything in the system—from the company’s laptops to its printers and security system. Once it knows what it normal, it can quickly detect abnormal behaviour.

“It understands how you are,” Masson says. “And because it understands how you are, when that changes, you’ll see that change in real time, and (it will) tell you, ‘Hey, the printer in your accounts department isn’t just printing and scanning, it’s now sending data out to Syria. It never did that before.’

“ e AI tells you, ‘Now you’ve got to do something about it,’ or you can use the AI to just kill the communication.”

OFFIC ES PA CE FOR LE AS E

Iconic office towerwith panoramic views, locatedinthe downtown core of Surrey,BC.

BOMA BC AWARDS OF EXCELLENCE

Recognizing the 2024 recipients

e BOMA BC Awards program is an opportunity to recognize the strategy, innovation and excellence of an industry-leading building, and the success, creativity and leadership of an exceptional team.

All BOMA BC members are eligible to submit an entry to this provincewide awards program, and awards categories recognize excellence across a range of areas, from sustainability measures, to

customer service, to building of the year.

Winners were announced at the BOMA BC Awards Gala held May 23, 2024. Some of this year’s award recipients will have the opportunity to compete at the national level later this year at BOMEX 2024, which will be held in Vancouver.

BOMA BC is proud to recognize the following award recipients.

Presenting the 2024 BOMA BC award

recipients

EMERGING LEADER

LEAP FORWARD: COMPANY AWARD

MEMBER OF THE YEAR

HEALTH & SAFETY AWARD

LEAP FORWARD: BUILDING AWARD

PINNACLE: ABOVE & BEYOND

Anne Woodru ; GDI Ainsworth

Cadillac Fairview Corporation Ltd.

Ana Lagovschi; Warrington PCI Management

840 Howe Street; GWL Realty Advisors Inc.

Bee Clean Building Maintenance

PINNACLE: CUSTOMER SERVICE

TENANT IMPROVEMENT AWARD

TOBY 100,000-249,999 SF

PINNACLE: INNOVATION

TOBY UNDER 100,000 SF

TOBY 250,000 - 499,999 SF

Renfrew Business Centre; Epic Investment Services

Apple Flagship; Cadillac Fairview Corporation Ltd.

Bee Clean Building Maintenance

Marine Gateway; Triovest Realty Advisors (B.C.) Inc.

Harbourside; GWL Realty Advisors Inc.

Nuvoclean Surface Restoration

TOBY SUBURBAN OFFICE LOW RISE

TOBY HISTORICAL BUILDING

TOBY ENCLOSED MALL UNDER 1M SF

TOBY CORPORATE FACILITY

TOBY RENOVATED

TOBY INDUSTRIAL BUILDING

Northgate Village Shopping Centre; GWL Realty Advisors Inc.

1090 Homer; GWL Realty Advisors Inc.

Broadway Tech Centre; Quadreal Property Group

Northwoods Business Park; Quadreal Property Group

Vancouver Centre; GWL Realty Advisors Inc.

840 Howe Street; GWL Realty Advisors Inc.

THE VANCOUVER ADVANTAGE

Why the city manages to outperform all major North American o ce markets in challenging times

CLAIRE WILSON

While other notable North American cities struggle with persistent vacancies, Vancouver’s o ce market is bucking the trend.

e city’s o ce asset class outperforms other major cities due to a combination of factors, including cautious nancing of development, a non-head-o ce designation, competitive labour costs and even policies enacted by the Trump administration, according to those who spoke to BIV. Vancouver’s downtown o ce vacancy rate decreased by two per cent to 14 per cent as of the rst quarter of 2024. is is historically high compared to Vancouver’s pre-pandemic downtown vacancy rate of 2.1 per cent in the rst quarter of 2020, according to Cushman & Wake eld.

“Despite the fact that our vacancy rate isn’t as high as other markets, it’s still the rst tenants’ market that we’ve had in 20 years. So, from a tenant’s perspective, this is a phenomenal time to be thinking about space,” says Colin Scarlett, vice-chair of the Vancouver brokerage at Colliers Canada.

Vancouver has the lowest o ce vacancy rate among major markets in North America and had the highest asking gross rent in Canada at $55.15 per square foot in the rst quarter of this year, according to Svetlana Lebedeva, research manager at Cushman & Wake eld. ere are just over 70 full vacant oors in the downtown core available for lease on a direct basis, according to Cushman & Wake eld. However, data from NAI Commercial shows that there are 166 fulloor vacancies greater than 10,000 square feet, as well as 32 spaces between 7,000 square feet and 10,000 square feet that are vacant full oors.

Just south of the border, Seattle’s vacancy rate increased from 24 per cent to 26.6 per cent in Q1 2024, according to Cushman & Wake eld. e U.S. had an overall o ce vacancy rate of 20.2 per cent during the same quarter—higher than Canada’s overall vacancy rate of 17.1 per cent.

“Part of the reason why our o ce market is doing very well relative to the rest of the world or in North America is we’re a diverse economy, but also we’re not a big head-o ce city,” says Alain Rivère, vice-president of the High Technology Facilities Group with CBRE.

“Any one company, on average, won’t have a huge impact on the market,” he says, adding that if one company downsizes, “it’s not going to have a material impact.”

e way that new o ce space is funded also plays into the resiliency of the market, according to Scarlett.

“Developers in Canada are much more measured with their willingness to take on risk. Whereas in the U.S., there seems to be a greater

willingness to take on risk when it comes to construction,” he says. “We generally need a large pre-lease commitment in Vancouver before a landlord is going to develop whereas in the U.S., it’s not quite the same.”

In Canada, developers have to navigate full-recourse debt, meaning the lender has the right to tap into a borrower’s assets in the event of a loan default.

“Because of that, developers are much more cautious,” Scarlett says. “If you look at supply and demand, the supply has increased in Vancouver, but it hasn’t increased at the same speed at which it’s increased in some of the U.S. markets, which I think is the reason why our vacancy rate is a little lower and therefore our market bit more resilient.” e policies of former U.S. president Donald Trump are another

Vancouver’s downtown o ce vacancy rate was 14 per cent as of the rst quarter of 2024, according to Cushman & Wake eld • Chung Chow

factor that contributed to the strength and resiliency of Vancouver’s o ce market.

In 2020, Trump suspended H-1B and other temporary visas, which allow international students and highly skilled workers to enter the U.S.

“When Trump ended the H-1B visa program, U.S. tech looked to Canada generally and Vancouver speci cally as a way to nearshore global talent that couldn’t work in the U.S.,” says Scarlett, adding that more activity in the market meant more demand. is especially bene tted companies headquartered in nearby Seattle, such as Microso Corp. and Amazon.com Inc., which hired global talent in Vancouver, according to Scarlett.

“If Donald Trump wins the next U.S. election, Vancouver’s o ce market will continue to be strong because of that labour dynamic,” he says. e cost of labour in Canada also contributes to the strength of the city’s o ce market, according to Scarlett.

“We have found some large U.S. companies have located in Canada because they’re able to secure a pool of labour that is more suitable to their needs. And they have found that by locating in Canada, they’re able to achieve that,” says Andrew Petrozzi, director and head of Canada research for Newmark Group Inc.

He adds that this dynamic also bene ts other Canadian o ce markets like Toronto and Calgary, not just Vancouver.

However, productivity issues in Canada have increased relative unit

Phone: 604.533.4121 Fax: 604-533-4632

Email: valleyalldoor@telus.net

labour costs by roughly ve per cent, said Nathan Janzen, assistant chief economist at RBC, in a Feb. 28 report.

“ at makes Canadian production relatively more expensive and erodes competitiveness,” he said in the report.

Lower labour costs are more pronounced in Vancouver’s technology industry, according to Petrozzi.

Technology workers in the U.S. are paid on average 46 per cent more than technology workers in Canada, which is equivalent to an almost $40,000 di erence, according to an October 2023 study from Toronto Metropolitan University.

Vancouver’s technology industry employed roughly 111,100 individuals in 2022, according to July 2023 data from CBRE.

“ at lesser cost of labour is typically associated with tech labour, we generally tend to pay our programmers less than what they would get paid in, say, Seattle or in San Francisco,” Petrozzi says.

Scarlett says that there are “some larger international rms” within the technology industry that are currently looking at the Vancouver market. He declined to specify which companies.

“All the same factors that made Vancouver a great o ce market pre-COVID, and the choice of many large U.S. companies, are still in place right now. Except now, there are even more high-quality options of a variety of sizes available, particularly in the downtown core,” says Petrozzi.

Nearly 200 full oors of o ce space are vacant in Vancouver, according to NAI Commercial • Rob Kruyt

WHY LANDLORDS SHOULD INVEST IN READY, SET, GO SUITES

LEANNE REYNOLDS

Over my 25 years in commercial real estate, I’ve seen how office spaces have evolved from being largely homogenous—similar layouts, amenities and (lack) of technology—to what they are today, with customization taking centre stage. This has only been hastened in the post-pandemic era, where office spaces are being further customized to the needs of a specific business and its people. Landlords are using every tool at their disposal to reduce office vacancy. In Metro Vancouver, this sits at 8.8 per cent, while in Victoria, it sits at 7.5 per cent. Burnaby’s vacancy paints a similar picture, surging from 5.6 per cent in 2023 to 7.5 per cent in 2024. Many tenants are attracted by the idea of being able to customize their space. But what about those that don’t? How can landlords support these tenants?

One option to consider is “Ready, Set, Go Suites” or “RSG suites.”

These are pre-built, pre-wired and pre-furnished suites that are completed on spec in anticipation of tenants’ needs. They have full kitchens, a meeting room and neutral furnishings so tenants can plug and play with no delays.

The rise in sublease space

RSG suites are one way for landlords to capitalize on the rise in sublease space, which is providing prospective tenants with the same thing, yet through an arrangement with a tenant and not the landlord.

Office sublease space—in all asset classes—accounts for about 25 per cent of overall vacancy in Metro Vancouver. The percentage is down from about 30 per cent in Q1 2023, but the overall square footage has increased by nearly 163,000 square feet between Q1 2024 and Q1 2023, concentrated downtown and in the A/AAA classes. Burnaby saw something similar, with vacancy rising from 5.6 per cent to 7.5 per cent over the last 12 months, while sublease space increased in its share of total vacancy from 25 per cent to 28 per cent.

In 2023, sublease space came off the market in, on average, 280 days. This is faster than headlease space, which remained on the market for over a year. That difference results in landlords leaving money on the table.

The landlord option

For landlords to compete with sublease space, they need to provide something better.

Sublease space is turnkey and available immediately. No building permits, no consulting fees, no supply-chain delays. For some tenants, these spaces are more attractive than headlease space, which is traditionally bare-bones and needs to be custom-fitted, or is an existing, outdated suite that needs to be demolished and rebuilt.

An RSG suite allows prospective tenants to see how the space fits their needs. They see the flow from the kitchen and collaboration space, to the workstations, to the meeting rooms. Being in the newly completed space makes their decision easier. They can touch the furnishings, smell the newly painted walls and hear the hum of the newly-installed refrigerator.

The potential of RSG

If tenants choose landlord space over a sublease deal, assuming

a 115-day gap, for a 4,000-square-foot office space in a A/AAA office, that translates to the landlord saving over $32,000 on additional rent it otherwise would have absorbed. In the B- and C-class space, this translates to a savings in the range of $24,000 to $30,000 in the downtown market. This is in addition to the earlier commencement dates and rent start dates. This is the reality of RSG suites.

B and C buildings count on most of their tenants to remain as they seldom have the human or capital resources to oversee a lengthy tenant build-out. RSG suites are attractive to B- and C-class tenants and expand the market of possible tenants to the A/AAA class offices. At the very least, investing in their vacancies with their own RSG suites is a strong tenant-retention strategy.

Looking ahead

Most of us have visited model suites in residential markets, or have sat in a model car in a shiny auto showroom. Haven’t we been disappointed when told it’s not for sale, as it’s the model? Wouldn’t you buy it if you could take it right then and there? Now imagine it’s the office space you’ve been searching for.

While customization is a priority for many tenants, landlords must not forget there may be different definitions of custom, and must realize the role that RSG suites could play.

Leanne Reynolds is the director of property management at Colliers in Vancouver.

BIGGEST REAL ESTATE DEALS OF 2023

4

BIGGEST REAL ESTATE DEALS OF 2023

BIGGEST REAL ESTATE DEALS OF 2023

BIGGEST REAL ESTATE DEALS OF 2023

Biggest real estate deals of 2023

Polaris Realty (Canada)Limited- Leasing Opportunities

Harbour Cent re Complex

• An Ic on ic La nd ma rk Bu il di ng in th eC en tr al Wa te rf ro nt Di st ri ct an d his toricGas town.

• Lo ca te da tt he he ar to ft he do wn to wn tr an sp or ta ti on hu ba nd waterf ro nt tr ansits tation

• Fe at ur es au ni qu eb le nd of d is ti nc ti ve el em en ts ex ud in ga ri ch his toricorigin.

• Va lu e- Dr iv en an dc os t- ef fe ct iv e op er atio ns (low op er atingcos ts).

• Com pr is es Re ta il /O ff ic es pa ce , Fo od Co ur t, SF UD ow nt ow n Campus,the VancouverLookout and Observatio nDec kwit hb reat ht ak ing 36 0°panoramicviews!

SpencerB uilding Ca rrierHotel

• Ha rb ou rC en tr eh as be en V an co uv er ’s pr im ar yc on ne ct iv it y gatew ay betwee nwes tern Canada, th eU Sa nd As ia Pa ci fi cr eg io nf or de cades.

• Wi th in Ha rb ou rC en tr eC om pl ex is th en ew ly co mp le te dS pe nce r BuildingC ar rier Hotel.

• Fe at ur es st at e- of -a rt co nn ec ti vi ty vi aac en tr al iz ed me et -m e- ro om (M MR 5),c ol oc at io nr oo m( Co lo 5), extensive internal legacy facilities and unlimite dgrowt hc ap acit y.

• Th eS pe nc er Bu il di ng Ca rr ie r Ho te li sac at al ys tf or inn ov at io n, c on ne ct iv it ya nd co nt en td el iv er y networ ks (CDN).

999 West Ha st ings St reet

• Firs tClass Of fceBuildingnes tled in th eh ea rt of Va nc ou ve r’sC en tr al Business Dist rict,999 West Hastings is arefec tion of thechangingf acein downtown Vancou ver.

• Mo st so ug ht ou ta nd de si re d Building with cost-effcientoperations (l ow op er at in gc os ts ), fu ll fl oo r av ai la bi li ty an de xc lu si ve ex te ri or balconiesfeaturingspectacular views of thecit ys cape andw ater front!

• High qualit ytenantser viceson-site, up gr ad ed en er gy ef fc ie nt el ev at or sy stem

• As ho rt wa lk to Ca na da Li ne Sky train, SeaBus,all majorbus routes, andbikelanes

BIGGEST COMMERCIAL PROPERTY MANAGERS IN B.C.

1 Warrington PCI Management

1030 Georgia St W Suite 300, Vancouver V6E 2Y3 P: 604-602-1887 F: 604-688-2328 warringtonpci.com

2 Beedie 3030 Gilmore Diversion, Burnaby V5G 3B4 P: 604-435-3321 F: 604-432-7349 beedie.ca

3 Colliers 1066 Hastings St W Suite 2300, Vancouver V6E 3X1 P: 604-681-4111 F: 604-681-2911 collierscanada.com

4 BentallGreenOak (Canada) LP 550 Burrard St Suite 1008, Vancouver V6C 2B5 P: 604-661-5000 F: 604-661-5055 bentallgreenoak.com

5 Transpacifc Realty Advisors 4300 North Fraser Way Unit 203,

6 JLL 510 Georgia St W Suite 2150, Vancouver V6B 0M3 P: 604-998-6001 F: 604-998-6018 jll.ca Charles Fleck

7

8

BIGGEST COMMERCIAL REAL ESTATE BROKERAGES IN B.C.

Biggest commercial real estate brokerages in B.C.

RANKED BY | Total number of B.C.-licensed

RANKED BY | Total number of B.C.-licensed

1 Colliers 1067 Cordova St W Suite 1100, Vancouver V6C 1C7

P: 604-681-4111 F: 604-661-0849 collierscanada.com

2 Cushman & Wakefeld ULC

3

700 Georgia St W Suite 700 Vancouver V7Y 1A1

P: 604-683-3111 F: 604-683-0432 cushmanwakefeld.com

1021 Hastings St W Suite 2500, Vancouver V6E 0C3 P: 604-662-3000 F: NP cbre.ca/vancouver

4 Avison Young 1055 Georgia St W Suite 2900, Vancouver V6E 3P3 P: 604-687-7331 F: 604-687-0031 avisonyoung.com

5 NAI Commercial 1075 Georgia St W Suite 1300 Vancouver V6E 3C9

P: 604-683-7535 F: 604-691-6688 naibc.ca

6 Macdonald Commercial Real Estate

Ltd 1827 5th Ave W, Vancouver V6J 1P5 P: 604-736-5611 F: 604-736-7976 macdonaldcommercial.com

7 William Wright Commercial Real Estate Services 605 Robson St Suite 1340, Vancouver V6B 5J3

P: 604-428-5255 F: 604-428-5254 williamwright.ca

8 JLL 510 Georgia St W Suite 2150, Vancouver V6B 0M3

9

10

P: 604-998-6001 F: 604-998-6018 jll.ca

V6E 4M3 P: 604-638-2121 F: 604-638-2122 marcusmillichap.ca

& Associates Vancouver 475 Georgia St W Suite 800 Vancouver V6B 4M9

P: 604-684-7117 F: 604-684-1017 leevancouver.com

604-899-9293 F: 604-899-1293 remax-commercialadvantage-bc.ca

OFFICE BUILDING DIRECTORY

How to use this o ce listing

The following directory is a definitive listing of the largest office buildings located in the Greater Vancouver region.

Buildings are listed by their street addresses and organized by districts, neighbourhoods and suburbs. In each entry, the name and telephone number of the appropriate building manager have been included, if this information was provided. Other listed information includes the date the building was constructed,

the date of its most recent renovation, the building’s number of storeys, the square footage of the building’s office and retail components and the building’s parking details.

Prior to publication, survey forms were emailed to building owners and managers asking them to verify the following data. This directory relies on supplied information, and as such, Office Space 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 or more of office space. If your building has been left out, please send this information to Business in Vancouver ’s research department by emailing lists@biv.com

Address/Building name M–Management company/Contact/Phone L–Leasing company/Contact/Phone TOTALSQUAREFEETSTOREYSPARKINGSTALLS

VANCOUVER DOWNTOWN NORTH

1166 Alberni

Alexander St/Alexander Centre M–Alexander Centre Management/604-687-2554/L–Cushman & Wakefield/David Mackay/604-639-9355

Alexander St/The Dunn Bldg M–Low Tide Properties/604-737-7232/L–Colliers/Dan Jordan/604-692-1472

Beatty St M–Peal Management Inc/604-734-3400/L–Peter Poulos/604-734-3400

788 Beatty St M–Reliance Properties/604-683-2404/L–Dan Smith/604-689-1119

560 Beatty St M–Cowan Properties/604-834-3545/L–Corbel Commercial/Marc Saul/604-609-0882

564 Beatty St M–Reliance Properties/604-683-2404/L–Dan Smith/604-689-1119

200 Burrard St/Waterfront Centre M–Cadillac Fairview/604-646-8020/L–Lou Ficocelli/604-630-5307

555 Burrard St/Bentall Two M–Hudson Pacific Properties/778-328 5960/L–David Haugen/778-328-5964

595 Burrard St/Bentall Three M–Hudson Pacific Properties/778-328 5960/L–-David Haugen/778-328-5964

355 Burrard St/The Marine Bldg M–Oxford Properties/Dorothy Cheng/604-893-3247/L–Andrew Dickson/604-893-3257

510 Burrard St M–Manulife Financial/604-438-2302/L–CBRE/Luke Gibson/604-662-5142

666 Burrard St/Park Place M–QuadReal Property Group/Frank Vecchio/604-975-9671/L–Maureen Neilly/604-975-9764

550 Burrard St/B5 M–BentallGreenOak/604-661-5056/L–Jeff Lim/604-661-5619

505 Burrard St/Bentall One M–Hudson Pacific Properties/778-328 5960/L–David Haugen/778-328-5964

Burrard St/Commerce Place M–QuadReal Property Group/Frank Vecchio/604-975-9671/L–Maureen Neilly/604-975-9764

St/XCHANGE Conference Centre L–Cushman & Wakefield/David Mackay/Roger Leggatt/604-639-9335

111 Dunsmuir St/AMEC Bldg M–Morguard/604-681-9474/L–JLL/Mark Chambers/604-998-6005

1025 Dunsmuir St/Burrard Exchange L–Hudson Pacific Properties/David Haugen/604-889-7157

650 Georgia St W/Vancouver Centre M–GWL Realty Advisors/Carol Onstein/604-713-6481/L–Peter Jenkins/604-713-8920

1090 Georgia St W M–Warrington PCI/778-383-6273/L–Lenia Calico/604-220-9519

1281 Georgia St W/Georgia Bldg L–Gilic Developments/Steven Yu/604-688-2942

1455 Georgia St W/Lea Bldg L–Gilic Developments/Steven Yu/604-688-2942

401 Georgia St W M–Oxford Properties/Dean De Sousa/604-893-3204/L–Andrew Dickson/604-893-3257

1055 Georgia St W/Royal Centre M–Warrington PCI/David Basford/604-602-4800/L–Avison Young/Justin Omichinski/604-646-8387

700 Georgia St W/TD Tower (Pacific Centre) M–Cadillac Fairview/604-630-5308/L–Lou Ficocelli/604-630-5307

555 Georgia St W/The Randall Bldg L–JLL/Andrew Astles/604-998-6045

475 Georgia St W/BC Turf Bldg M–Austeville Properties/604-216-5517/L–Colliers/Rob Chasmar/604-661-0822

1075 Georgia St W/Arthur Erickson Pl L–CBRE/Tara Finnegan/Luke Gibson/604-662-6169

1445 Georgia St W/Phileo Place L–Gilic Developments/Steven Yu/604-688-2942

885 Georgia St W/HSBC Bldg M–Cadillac Fairview/604-630-5308/L–Lou Ficocelli/604-630-5307

925 Georgia St W/Cathedral Place M–Shon Group Realty Advisors/604-669-3312/L–Wayne Beattie/604-684-0925

1111 Georgia St W/FortisBC Centre M–TA Management/Lee Medd/604-683-1628/L–CBRE/Blair Quinn/Bill Coulter/604-662-5131

OFFICE BUILDING DIRECTORY

W M–Cadillac Fairview/604-630-5308/L–Lou Ficocelli/604-630-5307

510 Georgia St W/Telus

609 Granville St/Canaccord Genuity Pl M–Cadillac Fairview/604-688-7236/L–Lou Ficocelli/604-630-5307

Granville St/Bower Bldg 1 M–Harwood Corp/604-681-3401/L–JLL/Andrew Astles/604-998-6045

725 Granville St M–Cadillac Fairview/604-630-5308/L–Lou Ficocelli/604-630-5307

320 Granville St M–Bosa Development/604-294-2742/L–JLL/Mark Trepp/660-998-6035

1199 Hastings St W/Hastings Bldg M–Wicklow West/604-689-5050/L–Jason Sanders/604-689-5050

207 Hastings St W/The Dominion Bldg M–Allied Properties REIT/L–Sean Keenan/778-317-9751

602 Hastings St W/Reliance Bldg M–Reliance Properties/604-683-2404/L–Dan Smith/604-689-1119

850 Hastings St W/Credit Foncier M–Triovest Realty Advisors/604-642-4501/L–Marc Gerow/604-642-4504

815 Hastings St W M–West Pender Property Group/Mike Rushford/604-638-0331/L–Colin Murray/604-638-0327

1055 Hastings St W/Guinness Tower M–Oxford Properties/Brendan Denault/604-893-3202L–Andrew Dickson/604-893-3257

1066 Hastings St W/Oceanic Plaza M–Oxford Properties/Dean De Sousa/604-893-3244/L–Andrew Dickson/604-893-3257

900 Hastings St W/900 West Hastings M–UPG Uptown Property Group/Oliver Yau/604-688-7960/L–Bart Slotman/604-688-7750

744 Hastings St W/Pacific Bldg M–Reliance Properties/604-683-2404/L–Dan Smith/604-689-1119

163 Hastings St W/The Flack Block M–West Pender Property Group/Mike Rushford/604-638-0331/L–Colin Murray/604-638-0327

510 Hastings St W/Standard Bldg L–Colliers/Marco di Paolo/604-661-0838

555 Hastings St W/Harbour Centre M–Polaris Realty/604-689-7304/L–NAI Commercial/John Freyvogel/604-691-6640

808 Hastings St W/Prime Capital Place M–Martello Property Services/Wayne Smithies/604-681-6544/L–William Wright Commercial/ Amrita Guram/604-428-5255

999 Hastings St W/AXA Place M–Polaris Realty/604-684-4221/L–NAI Commercial/John Freyvogel/604-691-6640

675 Hastings St W/Six Seven Five M–UPG Uptown Property Group/Oliver Yau/604-688-7960/L–Bart Slotman/604-688-7750

609 Hastings St W/Princess Bldg M–Pacific Dawn Management/604-683-8843/L–NAI Commercial/John Freyvogel/604-691-6640

1111 Hastings St W M–Golden Properties/Angela Wong/604 689 1721/L–Avison Young/Justin Omichinski/Anna Robinson/604-647-1342

1177 Hastings St W/Board of Trade Tower M–Golden Properties/604-689-1721/L–Avison Young/Anna Robinson/Justin Omichinski/604-647-1342

1021 Hastings St W/MNP Tower M–Oxford Properties/Brendan Denault/604-893-3202/L–Andrew Dickson/604-893-3257

151 Hastings St W/Ormindale Block M–Allied Properties REIT/L–Sean Keenan/778-317-9751

601 Hastings St W M–Warrington PCI/604-602-1887/L–John Frederickson/604-975-9004

318 Homer St/Mercantile Bldg M–Reliance Properties/604-683-2404/L–Dan Smith/604-689-1119

580 Hornby St M–West Pender Property Group/Mike Rushford/604-638-0331/L–Colin Murray/604-638-0327

777 Hornby St M–QuadReal Property Group/L–Nicole Lobo/604-326-2214

325 Howe St/P Angela Webstert Bldg M–Equitable Real Estate/604-683-7571/L–Sarah Forseth/604-683-7571

595 Howe St/Good Earth Bldg M–Colliers/604-681-4111/L–NAI Commercial/Rob DesBrisay/604-691-6602

625 Howe St/Standard Life Bldg

Cushman & Wakefield/David Mackay/Roger Leggatt/604-639-9355

250 Howe St/PWC Place M–Cadillac Fairview/604-646-8020/L–Lou Ficocelli/604-630-5307

475 Howe St/The Exchange M–Credit Suisse/212-325-2000/L–JLL/Mark Chambers/604-998-6005

1100 Melville St/Sun Life Plaza M–BentallGreenOak/Richard Northorp/604-661-5624/L–Jeff Lim/604-661-5619

1133 Melville St/The Stack M–Oxford Properties/Dean De Sousa/604-893-3200/L–Andrew Dickson/604-893-3257

Melville St M–Compustar Enterprises/Connie Chau/604-687-6790/L–Cushman & Wakefield/Jennifer Robertson/604-640-5894

Pender St W/Pender Place II M–Cadillac Fairview/604-630-5308/L–Lou Ficocelli/604-630-5307

509 Richards St/The Lumberman's Bldg M–Lumberman’s Building Corp/L–Colliers/Graham Davidson/604-694-7206

1155 Robson St/John Robson Place M–Warrington PCI/Deryk Brower/604-331-5232/L–JLL/Andrew Astles/Mark Trepp/604-998-6045

605 Robson St/Vancouver House M–Unimet Investments Ltd/604-688-1883/L–NAI Commercial/Roy Gibbs/778-834-4050

969 Robson St/Robson Central M–Morguard/604-681-9474/L–JLL/Mark Chambers/604-998-6005

525 Seymour St/Seymour Bldg M–Aquilini Group Properties/604-687-8813/L–Drew Hardisty/604-909-7943

333 Seymour St/Waterfront Hub M–Warrington PCI/604-602-1887/L–CBRE/Blair Quinn/Eli Applebaum/604-662-5161

VANCOUVER DOWNTOWN SOUTH

L–Sean Keenan/778-317-9751

Hamilton St M–Triple F Investments/L–Avison Young/Matt Walker/Robin Buntain/604-647-5074

1120 Hamilton St L–Avison Young/Matt Walker/604-647-5074

1140 Homer St/Homer Court M–Transpacific Realty/604-661-0669/L–Colliers/Blake Davies/604-694-7239

1090 Homer St M–GWL Realty Advisors/Nicole Hadden/604-713-7724/L–Peter Jenkins/604-713-8920

OFFICE BUILDING DIRECTORY

L–-Peter Jenkins/604-713-8920

900 Howe St M–Warrington PCI/604-331-5232L–JLL/Andrew Astles/Mark Trepp/604-998-6045

Howe St M–Narland Management/Elan Burghall/604-681-2747/L–CBRE/Geoff Donelly/604-662-5130

Howe St/Executive Place

M–Wicklow West/604-689-5050/L–Jason Sanders/604-689-5050

Nelson St/Nelson Square M–Nelson Square Management/Rose Ma/604-684-2472/L–-Cushman & Wakefield/Jennifer Robertson/604-640-5894

910 Richards St L–Avison Young/Rhys Cartwright/604-647-1334

1022 Seymour St M–Onni Group/Glenn Worner/604-602-7711/L–Mark Reid/604-488-2773

VANCOUVER BROADWAY — SURROUNDING AREA

1st Ave E/Blg 4 M–Onni Group/604-602-7711/L–-Peter McFetridge/604-688-8783

L–Colliers/Dan Jordan/604-692-1472

1441 Creekside Dr/Central 1 Credit Union Centre L–CBRE/Blair Quinn/Alain Rivere/604-662-5161

1553/1557 Main St/Central M–Onni Group/Rodney LeGrow/604-323-9662/L–Mark Reid604-488-2773

VANCOUVER BROADWAY CORRIDOR

W/CGA Bldg M–Austeville Properties/604-216-5503/L–JLL/Mark Trepp/604-998-6028

Broadway W/BC Medical Bldg M–Warrington PCI/604-331-5259/L–Sanjay Sudra/604-331-5256

777 Broadway W M–777 West Broadway Holdings/L–CBRE/Geoff Donelly/604-662-5130

1001 Broadway W M–Rosebud Properties Ltd/604-738-4777/LL–Cushman & Wakefield/Matthew MacLean/Andrei Jelescu/604-640-5855

2025 Broadway W/Mainframe Bldg M–Epic Investment Svcs/Slavica Kosmajac/604-678-0239/L–CBRE/Brad Haw/604-662-5132

1338 Broadway W/Broadway Pacific Place L–-Dorset Realty Group/Colin Schuss/604-270-1711

750 Broadway W/Fairmont Medical Bldg M–Peterson Commercial/Oliver Yau/604-359-9397/L–Peterson Commercial/Luke Moran/604-699-2286

812 Broadway W/Willow Professional Bldg M–Prospero Int’l/604-669-7733/L–Jeff Nightingale/604-669-7733

988 Broadway W/Broadway & Oak M–BlueSky Properties/604-336-8971/L–Colliers/Marco dePaolo/604-661-0838

1477 Broadway W L–CBRE/Luke Gibson/604-662-5142

507 Broadway W/Crossroads M–Warrington PCI/L–Lenia Calico/604-220-9519

2515 Burrard St L–NAI Commercial/Chris Oteman/604-691-6633

2609 Granville St/Bank of Montreal Bldg M–Reliance Properties/L–Dan Smith/604-689-1119

2590 Granville St/Chapman Bldg M–Turner Meakin/Brian Meakin/604-736-7020/L–Colliers/Blake Davies/604-694-7239

2608 Granville St/South Granville Centre M–Macdonald Commercial/Nick Marini/604-736-5611/L–Patricia Wong Chong/604-778-3889

365 Railway St M–Allied Properties REIT/L–Sean Keenan/778-317-9751

2525 Willow St/Willow Professional Bldg M–Prospero In’l/604-669-7733/L–Cushman & Wakefield/David Mackay/604-639-9355

575 16th St/Hollyburn Medical Centre M–Warrington PCI/778-383-6273

100 Park Royal South M–Maple Leaf Property Management/604-836-9950/L–

Esplanade W/West Quay Centre M–Dorset Realty/604-270-1711/L–Dorset Realty/Damien Roussin/604-270-1711

132 Esplanade W/Esplanade Place 1 M–Wesgroup Properties8604-648-1800/L–Avison Young/Terry Thies/Ian Whitchelo/604-646-8398

171 Esplanade W/Esplanade Place M–Gulf Pacific Group/Ryan Russell/778-668-9808/L–Forman Pilkington/Ross Forman/Jeff Pilkington/604-980-3003

221 Esplanade W M–Warrington PCI/778-383-6273/L–Lenia Calico/604-220-9519

224 Esplanade W/Harbour Quay M–Sodican/604-988-0646/L–Forman Pilkington/ Ross Forman/ 604-980-3003

38 Fell Ave/Harbourside Centre M–GWL Realty Advisors/L–Avison Young/Terry Thies/Ian Whitchelo/604-646-8398

Harbourside Dr/Harbourside Business ParkWaterfront Bldg 1 M–Concert/604-602-3802/L–Avison Young/Terry Thies/Ian Whitchelo/604-646-8398

Address/Building name M–Management company/Contact/Phone L–Leasing company/Contact/Phone

VANCOUVER

1801 Welch St/Cypress Business Centre L–Avison Young/Ian Whitchelo/Terry Thies/604-647-5095

2889 12th Ave E/Renfrew Centre M–Epic Investments Svcs/Danielle Diotte/236-858-7253/L–Danielle Diotte/236-858-7253

1200 73rd Ave W/Airport Square M–Colliers/Daniel Mok/604-662-2687/L–NAI Commercial/Rob DesBrisay/604-691-6602

134 Abbott St M–Paradigm Group/604-328-2524/L–Steven Fast/Jordan Armstrong/604-328-2524

2233 Columbia St M–Allied Properties REIT/L–Sean Keenan/778-317-9751

3425 Crowley Dr/Evergreen Health Centre M–Concert/Penny Hall/604-602-3829/L–Faye Tam/604-602-3736

211 Georgia St E/Golden Crown Centre M–Paradigm Group/604-328-2524/L–Jordan Armstrong/ElijahFast/778-990-4715

2695 Granville St/Block Bldg M–TPMG Capital/604-742-3463/L–Ivy Yung/604-742-3675

3195 Granville St/Hycroft Centre M–Wesgroup Properties/604-633-2890/L–CBRE/Luke Gibson/Blake Newton/604-662-5142

2710 Kaslo St/Kaslo at Renfrew District L–Cushman & Wakefield/Roger Leggatt/604-640-5882

2150 Keith Dr/HIVE M–Allied p/L–Colliers/Marco DiPaolo/Dan Jordan/604-661-0838

450 Marine Dr SW/ Marine Drive M–Triovest/604-484-0901/vJulie De Cotiis/604-642-4514

329 Railway St M–Paradigm Group/604-328-2524/L–Jordan Armstrong/778-990-4715

1629 Scotia St/Lab 29 L–CBRE/Blair Quinn/604-662-5161

2055 Columbia St/Fifth + Columbia by Nicola Wealth L–CBRE/Tara Finnegan/Blair Quinn/604-662-5159

BURNABY

1296 Station St/False Creek Station M–GWL Realty Advisors Inc/L–Colliers/Rob Chasmar/604-661-0822

5511 West Blvd/Cedarhurst Professional Bldg M–TPMG Capital/604-739-6188/L–Glenn Wood/604-742-3463

8525 Baxter Pl/Production Court I M–Narland Management/Elan Burghall/604-681-2747/L–Colliers/Rob Chasmar/604-661-0822

8555 Baxter Pl/Production Court II M–Narland Management/Elan Burghall/604-681-2747/L–Colliers/Rob Chasmar/604-661-0822

2250 Boundary Rd/CFIA Bldg L–Davies Hall/Re/Max/Peter Hall/Braden Hall/604-718-7300

4676 Brentwood Blvd/The Amazing Brentwood 3 M–Shape Properties/604-681-2358/L–Helen Rego/604-694-2282

4299 Canada Way/Canada Way II M–Redstone Group/Jamie Fiander/604-596-5622/L–Cushman & Wakefield/Roger Leggatt/Max Zessel/604-640-5882

4250 Canada Way/Pacific Blue Cross M–GWL Realty Advisors/Stephanie Davies/604-713-7724/L–Peter Jenkins/604-713-8920

3605 Gilmore Way/Gilmore Place 2 M–Redstone

Fiander/604-596-5622/L–Cushman & Wakefield/Roger

L–Avison Young/Nicolas Bilodeau/Josh Sookero/604-647-1336

3480 Gilmore Way/Gilmore Place 1 M–Redstone Group/604-596-5622/L–Avison Young/Matthew Craig/604-647-5076

3383 Gilmore Way/DiscoveryGreen M–Manulife Real Estate/604-438-2302/L–JLL/Mark Chambers/604-998-6005

3555 Gilmore Way/West Wing M–Warrington PCI/604-602-1887/L–Cushman & Wakefield/Roger Leggatt/Max Zessel/604-640-5882

3577 Gilmore Way/Discovery Place - Phase III M–Warrington PCI/604-688-5658/L–John Frederickson/604-975-9004

9100 Glenlyon Pkwy M–Concert/Marc Rothberg/604-602-3841/L–Faye Tam/604-602-3736

8900 Glenlyon Pky/Tekmira Bldg M–Canadian Urban/L–CBRE/Blair Quinn/Alain Rivere /604-662-5161

3999 Henning Dr/Bridge Corporate Centre L–Re/Max Central/Peter Hall/Braden Hall/604-718-7300

4225 Kincaid St/Kodak Bldg M–Warrington PCI/604-602-1887/L–Cushman & Wakefield/Roger Leggatt/Max Zessel/604-640-5882

3665 Kingsway/Boundary Plaza M–Warrington PCI/Karin Fung/604-331-5236/L–Cushman & Wakefield/Max Zessel/Kyle Wilson/604-640-5824

4555 Kingsway/Central Park Place M–Bosa Commercial/L–Avison Young/Glenn Gardner/Matt Walker/604-647-5092

4710 Kingsway/Metrotower I M–Avison Young/604-283-0888/L–Colliers/Rob Chasmar/Jason Teahen/604-661-0822

4720 Kingsway/Metrotower II M–Avison Young/604-283-0888/L–Colliers/Rob Chasmar/Jason Teahen/604-661-0822

4211 Kingsway/Burnaby Centre M–Burnaby Centre Management/604-438-4544/L–NAI Commercial/Rob DesBrisay/Jesse Godin/604-691-6602

4603 Kingsway/Metropointe M–Macdonald Commercial/Nick Marini/604-736-5611/L–Edward Chiu/604-714-4755

4800 Kingsway/Metropolis @ Metrotown Office

M–JLL/604-438-4700/L–CBRE/Blake Newton/Luke Gibson/604-662-5575

5172 Kingsway/Burlington Square L–NAI Commercial/Brian Mackenzie/604-691-6618

4789 Kingsway/Centrepoint M–Orr Development/604-731-8261/L-Avison Young/Josh Sookero/Nicolas Bilodeau/604-647-5091

4190 Lougheed Hwy/Lougheed Commerce Court II M–Onni Group/604-602-7711/L–JLL/Mark Trepp/604-998-6035

Address/Building name M–Management company/Contact/Phone L–Leasing company/Contact/Phone

4180 Lougheed Hwy/Lougheed Commerce Court I M–Onni Group/604-602-7711/L–JLL/Mark Trepp/604-998-6035

4664 Lougheed Hwy/Brentwood Office Centre M–Peterson Commercial/Stephen Chodos/604-343-0424/L–Hazel Chan/604-335-9033

4445 Lougheed Hwy/Commerce@citi M–Warrington PCI/604-602-1887/L–Lindsay Knowles/778-875-2946

0 Lougheed Hwy/Gilmore Place Phase 1 M–Onni Group/604-602-7711/L–Cushman & Wakefield/Roger Leggatt/Max Zessel/604-640-5882

3920 Norland Ave/Jack Munro Bldg M–Martello Property Services/Tony Akester/604-681-6544/L–NAI Commercial/Brian Mackenzie/604-691-6618

4200 North Fraser Way L–Cushman & Wakefield/Roger Leggat/Max Zessel/604-683-3111

2700 Production Way/Production Crt III M–Narland Management/604-681-2747/L–Colliers/Rob Chasmar/Brian MacKenzie/604-661-0822

3292 Production Way/Lake City Centre M–Epic Investment Svcs/Slavica Kosmajac/604-678-0239/L–Lyndsay Syhlonyk/403-668-7205

Still Creek Dr/WIllingdon Park Bldg 7 L–Colliers/Kayvon Besharat/Rob Chasmar/604-662-2665

4350 Still Creek Dr/1508 Willingdon Park M–Triovest Realty

4370 Still Creek Dr/1509 Willingdon Park M–Triovest Realty Advisors/Dean de Sousa/604-294-3544/L–Julie DeCotiis/604-642-4514

3001 Wayburne Dr/Canada Way Business Park N M–Warrington PCI/604-602-1887/L–Avison Young/Glenn Gardner/Matthew Craig/604-647-5076

4475 Wayburne Dr/Technology Place@BCIT M–Discovery Parks/604-734-7275/L–Cushman & Wakefield/Roger Leggatt/Max Zessel/604-640-5882

2025 Willingdon Ave/The SOLO District M–BentallGreenOak/604-661-5000/L–Jeff Lim/604-661-5619

3185 Willingdon Green/Willingdon Green Bldg M–Redstone Group/Jamie Fiander/604-596-5622/L–Cushman & Wakefield/Max Zessel/Roger Leggatt/604-640-5824

2963 Glen Dr/Westwood Corporate Centre L–CBRE/Tara Finnegan/604-662-5159

Lougheed Hwy/Poco Place M–Narland Management/Elan Burghall/604-681-2747/L–Cushman & Wakefield/Craig

601 Sixth St/Uptown Centre M–UPG Uptown Property Group/Donna Bisaro/604-525-8866/L–Bart Slotman/604-688-7750

550 Sixth St/Sixth and Sixth Bldg M–BentallGreenOak/604-661-5679/L–Paramount Realty/Don Ellis/604-442-3911

505 Sixth St/Latitude Uptown M–UPG Uptown Property Group/Donna Bisaro/604-525-8618/L–Bart Slotman/604-688-7750

OFFICE BUILDING DIRECTORY

3200 No 3 Rd/Pinnacle Centre L–Cushman & Wakefield/Matthew MacLean

12771 No 5 Rd/Westcoast R&D

PORT MOODY

SURREY

LANGLEY

MAPLE RIDGE

22470

Trunk

Centre