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vancouver office commercial real estateRegus, one of the largest providers of office space in the world, is opening a new coworking office in Gastown, catering to the unique needs of freelancers and start-ups in Metro Vancouver.
 
Regus has leased the Ormidale Block at 151 West Hastings and is currently underway with a full rebuild of the six-storey structure, retaining only the existing façade. Under the brand name Spaces, Regus is hoping to open their doors by summer of this year, making it the first Canadian location with Toronto soon to follow. 
 
The office space, which can accommodate up to 450 people, will include a mix of team rooms, open format coworking stations and individual desks, as well as a business club and large rooftop patio, which will be available to paying members 24 hours a day. 
 
Aside from daily workspace, Regus is also hoping to build a sense of community with Spaces. As such, they have designed a large open community space on the top floor. “Our plan is to hold many networking events, bring in keynote speakers and bring in people from the community that we can really build into the Gastown and Vancouver market,” says Wayne Berger, executive vice-president with Regus Canada.
 
This type of space is sure to be a welcome addition to Vancouver’s commercial office market, especially as the number of self-employed Canadians is encroaching towards the two million worker mark, according to Stats Canada. A large portion of these freelancers reside in the Lower Mainland within the tech and start-up community, as well as the creative design community.
 
To learn more about Spaces or other coworking office developments across British Columbia, please feel free to contact Marcus & Millichap’s Vancouver office to speak with a commercial real estate associate. You can also view our current listings by clicking here.
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