A new approach to industrial realestate is making waves out West. collierscanada | realestatenews Vancouver
consists of twin six-storey stacked industrial buildings, again with industrial spaces below and office units above. Again, the spaces have the expected features: industrial spaces have six-ft-wide corridors and freight elevators, office spaces have standard-office ceiling heights and shared amenities.
Wesbild calls Marine Landing “a true work community,” so much so that Arishenkoff says the project was born as much out of Wesbild wanting to build communities as providing a solution to Vancouver’s land constraints. She says that kind of community is rare in traditional industrial spaces, and adds that it’s also rare for industrial spaces to be close to transit, like Marine Landing is with Marine Drive SkyTrain Station a short walk away.
She says rising interest rates have slowed things down a little, but that there is still a lot of interest in industrial space in Vancouver, and that industrial spaces at Marine Landing have been selling better than office spaces.with STOREYS, Susan Thompson, an Associate Director of Research at Colliers, says that she expects stacked industrial projects to take off more and more as the region sees more success stories.
“Four years ago, it was a question mark, and the question was: If we build it, will they come?” says Tagulao, from PC Urban. “They did.” Both Tagulao and Arishenkoff say their respective firms will continue looking at stacked industrial projects, and Tagulao says she can see the trend eventually moving outside of city cores as well. In other words: from here on out, it’s up and up we go.Howard is a Staff Writer at STOREYS. He is based in Vancouver, British Columbia, and has also written about media for One Zero and international politics for WhoWhatWhy. Before STOREYS, he was also the Deputy Editor of 604 Now.
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