hippie mecca: L and Golden Boy Foods Ltd.article continues below Trending Stories City of Vancouver plans to invest in renewing aging infrastructure and amenities Positively 4th Avenue the rise and fall of Canada's hippie mecca Is rental-only zoning the answer to Vancouver's affordability crisis Please keep looking, says sister of UBC grad who fell into Squamish River We continue to see strong demand with over one million square feet of current tenants in the market that are food and beverage-related, said Chris Mac Cauley, a senior vice-president and veteran industrial broker with CBRE. But with Daiya Foods Inc.'s recent deal for 396,770 square feet at the former Brick warehouse at 3100 Production Way in Burnaby, there's even less space available than there was before, according to Vancouver Courier. The deal underscores the Lower Mainland's industrial space crunch, because, according to Colliers International, it cut industrial vacancies by 10 per cent, reducing it to 1.5 per cent the lowest in the country. Ltd. Tenants are now competing for about 3.6 million square feet of available space, and a diminishing acreage for new premises. I have a client looking for 40,000 to 60,000 square feet of general warehousing space, and I've had to take him from Vancouver all the way to Campbell Heights because there's only probably two or three options that are suitable in the next three to six months to occupy. It's so, so tight out there, said Stefan Morissette, a vice-president specializing in industrial real estate at Colliers who handled the Daiya deal with Andrew Lord. (www.immigrantscanada.com). As reported in the news.
Tagged under hippie mecca, rental-only zoning topics.