Interest Rates Low for Q3 in Vancouver, BC
commercial real estate blog vancouver bc, commercial real estate vancouver bc
New Oxford Properties’ Tower to Ease Vancouver’s Tight Office Market
Tags:
(Posted on Oct 29, 2018 at 01:44PM by Michelle Bogle)
Rising 530 feet in the air, Oxford Properties’ The Stack is making news as one of the largest office developments currently underway in Vancouver’s downtown core. The building is being poised as a project that will add much-needed supply to the city’s tight office market, which currently sits at 4.7% (as of Q2 2018) – the second lowest of any major North American market.
Â
Located at 1133 Melville Street, The Stack is being classified as a AAA class 540,000 sq. ft. office development. It has already attracted pre-leases from a number of high-quality firms, including Ernst & Young LLP, Blakes, and DLA Piper. Demolition is currently underway at the site and construction is set to begin in Q1 2019 with completion in Q1 2022.
Â
Designed in collaboration between James Cheng Architects and Adamson Associates Architects, The Stack's climbing, twisting box design sets a new standard for architectural excellence in Vancouver. Offering unobstructed panoramic views of the city and mountains, the building will blend wellness and community into one with the inclusion of six outdoor decks, a pocket park and a rooftop patio.Â
Â
More information about The Stack’s design and leasing opportunities can be viewed here. To learn more about this new office development, please contact our Marcus & Millichap office in Vancouver, B.C., to speak with our team of advisors.
Powered by Webstager