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commercial real estate industrial assets vancouver bcA new complex of industrial condo-style units was recently released in Vancouver and has proven highly attractive to small business owners and entrepreneurs in desperate need for workspace near the heart of the city.
 
Construction hasn’t even begun on the three-building IntraUrban development, located on Laurel Street near Cambie Street and S.W. Marine Drive. However, the first phase is already more than half sold out and the development is still within the presale stage. 
 
So far, architect and engineering firms, tech start-ups, wholesale and construction businesses, and bakeries have purchased units. Investors are showing interest too, which will mean future rental opportunities.
 
In Vancouver, industrial land prices have risen steadily and are the most expensive in the region. This is largely due to limited land supply and high demand for locations with easy access to customers, suppliers and skilled labourers.

As well, industrial land in the Lower Mainland is diminishing. In fact, Vancouver has seen a 30% drop in its supply of industrially zoned land. As a result, industrial tenants have had to reluctantly look outside of the city limits for space. 
 
Developments, like IntraUrban, address this challenge and offer business owners and investors the opportunity to diversify holdings from traditional residential or commercial real estate ownership. Its location also can’t be beaten with downtown Vancouver just 20 minutes away.
 
Construction will commence in early 2016 for occupancy in Fall 2016.
 
For more information on industrial condo-style investment opportunities within Vancouver, please contact our office to speak with one of skilled advisors.
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