FP Answers: If you thought it was hard to buy a home in Vancouver, try shopping for a warehouse
Whether you are an entrepreneur or aspiring to be one, the Financial Post would like to help by answering your questions on small business in this uncertain economy. Today, we answer a question from Kien — Why is it so difficult to find warehouse space in the Greater Vancouver Area?Article contentSign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
As a result, any empty pockets are commanding a premium. Average asking net rents in Vancouver hit $20.67 per square foot at the end of September, nearly $5 more than Canada’s next-priciest market, Toronto. Film and TV producers, for example, started ramping up filming at industrial sites, while up-and-coming life sciences companies and other tech darlings found the buildings to be a perfect place to set up rows and rows of data-storage servers.Article content
In addition, soil conditions in much of the region just aren’t conducive to large-scale industrial construction, Kiselbach adds. What’s more, nearly 80 per cent of that space has already been pre-leased, meaning it’s too late for most prospective tenants to get in on the action.The result is an ongoing headache for space-starved SMEs.
“A lot of times now they’re looking at projects that haven’t even started construction yet, saying, ‘OK, if I can take space in that project in a few years, I’ll commit to it now.’”
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
FP Answers: If you thought it was hard to buy a home in Vancouver …Try shopping for a warehouse where there is \u0027virtually zero space available\u0027
اقرأ أكثر »
FP Answers: If you thought it was hard to buy a home in Vancouver …Try shopping for a warehouse where there is \u0027virtually zero space available\u0027
اقرأ أكثر »
50 essential restaurants in Scarborough you need to try at least onceRestaurants in Scarborough prove that some of the best food in Toronto is found outside downtown. From pho to roti, patties to butter chicken, burg...
اقرأ أكثر »
Britain's political farce takes down another prime minister as Tories get set to try again | CBC NewsLizz Truss resigned as British Prime Minister Thursday, becoming the shortest serving PM in the country's history. So what's next? Political analysts say none of the options for the Conservatives look good — especially the notion that Boris Johnson may try to stage a political comeback.
اقرأ أكثر »
Opinion | The Blue Jays will likely try to improve via the trade market than free agency. So who could be dealt?Gregor Chisholm: The Blue Jays will likely try to improve via the trade market than free agency. So who could be dealt?
اقرأ أكثر »
FP Answers: If you thought it was hard to buy a home in Vancouver, try shopping for a warehouseShortage a headache for space\u002Dstarved businesses, but there are things you can do to boost the odds
اقرأ أكثر »