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INDUSTRIAL
MARKET
OVERVIEWPresented to:
Metro Vancouver
Planning
Committee
Presented by:
Curtis Scott | Manager, Market Intelligence | Western
Canada Roy Pat | Industrial Sales & Leasing | Vancouver
Market Overview
PRESENTATION AGENDA
1. Metro Vancouver Industrial Market Overview
A. Current Inventory
B. Metro Vancouver vs. Canadian Major
Markets
C. 10-year Historic Activity
D. Supply / Demand
2. Non-Traditional Occupier Demand
INDUSTRIAL
OVERVIEW
Market Overview
METRO VANCOUVER INDUSTRIAL
INVENTORY
Market Overview
CANADIAN CONTEXT
Market Overview
CANADIAN INDUSTRIAL MARKET
Market Overview
CANADIAN INDUSTRIAL MARKET
Market Overview
HISTORIC AND FORECASTED TRENDS
Market Overview
METRO VANCOUVER INDUSTRIAL MARKET – 2007 – 2017F
Market Overview
SUPPLY / DEMAND
Market Overview
UNDER CONSTRUCTION – Q1 2017
Market Overview
HOW MUCH SPACE IS NEEDED?
Market Overview
HOW MUCH SPACE IS NEEDED?
Market Overview
NON-TRADITIONAL DEMAND
Market Overview
8355 RIVERBEND COURT, BURNABY
Market Overview
FILM INDUSTRY IMPACT TO
INDUSTRIAL
Market Overview
13471 CRESTWOOD PLACE,
RICHMOND
Market Overview
3810 JACOMBS ROAD, RICHMOND
Market Overview
LOOKING FORWARD…
• Multi-level, Stacked Warehousing in Urban Areas
• Lease Rates Increasing due to Limited Supply
• Tenants Moving South and East due to Redevelopment
Thank You
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding
the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International
and /or its licensor(s). © 2011. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver).
Market Overview
Market Overview
IRONWORKS – STACKED
INDUSTRIAL/OFFICE
Presentation to Metro Vancouver - Regional Planning
Committee
Peter Hall
Urban Studies, SFU
9 June 2017
Questions for industrial land policy in a port-logistics region:
• This is a port-logistics region, but it is not only that:• In what ways are trade-enabling uses like or unlike other industrial land uses? • How does the region balance and link big/macro flows and small/local flows?
• How can joint urban and port planning facilitate the next economy?• Spatial restructuring and rescaling (the region, the districts, their connectivity)• Inequality (in our cities, in shipping, in manufacturing)• Sustainability (greening, displacement, innovation)• Lack of shared knowledge (port, industry, city) and “opportunity structures”
• Traffic planning in port-cities• Metaphor matters• Emerging better practices
• Six principles for improved port-city-waterfront(-industry) planning
An “ ‘opportunity structure’ is not a static phenomenon, but a complex of
relations that shifts and changes through time. Nor is it something
that can be easily known; instead, knowledge about it develops through experience. An opportunity structure
is not a clearly delineated and contained ‘action space’.”
Healey, 2009: 443-4
• …metaphors influence how we understand and communicate about the dimensions of an issue, and the potential solutions; they also influence which stakeholders are invited to participate in the decision-making.
• Make space for flexibility
• When at the water, think about the land
• Cross the land-water divide
• Educate, meaningfully
• Institutionalize sites of learning
• Plan incompletely
Six principles for improved port-city-waterfront
and -industry planning
Sources:
• Hall, Peter. Traffic planning in port cities. OECD-ITF Roundtable on Container Port System of the Future. Buenos Aires, 10-11 April 2017.
• Hall, Peter. How can joint urban and port planning facilitate the next economy - flexible frameworks of port and city? 15th World Conference, Cities and Ports, "Crossovers", Rotterdam 5-7 October 2016.
• Hall, Peter. “Manufacturing logistics”, in JB. Bryson, J Clark and V Vanchan. (eds), 2015. The Handbook of Manufacturing Industries in the Global Economy, 58-70. Northampton, MA: Edward Elgar.
Metro 2040 Sewerage Area Extension Request1373 200 ST, TOWNSHIP OF LANGLEY
Jaspal MarwahREGIONAL PLANNER
Regional Planning Committee, June 9, 2017
1373 200 StreetLangley Township
Zoning Rural
OCP Agriculture
Rural Community Plan
Small Farms/ County Estate
Metro 2040 Agricultural
SewerageExtension Area
ALR Yes
*
6.9 Sewerage Area
Extensions6.9.1 Notwithstanding any other provision in
this Regional Growth Strategy, the area identified
on Map 12 as “Rural within the Sewerage Area”
includes part of the Salmon River Uplands in the
Township of Langley that is contained within the
Greater Vancouver Sewerage and Drainage District’s
(GVS&DD) Fraser Sewerage Area. For the areas
identified on Map 12 as “Sewerage Extension
Areas” known as North Salmon River Uplands and
South Fernridge in the Township of Langley, sewer
servicing will be permitted subject only to land uses
being consistent with the applicable regional land
use designation and normal GVS&DD technical
considerations.
Urban Centres and FTDA Review Update
PHASE 1 FINDINGS AND NEXT STEPS
Erin RennieSENIOR REGIONAL PLANNER
Regional Planning Committee, June 9, 2017
2
Urban Centres and FTDAs: Critical tools for
shaping growth and realizing the vision in Metro 2040
3
40%of dwelling
unit growth to
Urban Centres
Metro 2040 targets
28%to good transit-
oriented locations
along the FTN
+
50% of employment
growth to
Urban Centres
27%to good transit-
oriented locations
along the FTN
+
4
• Evaluate relevance and effectiveness of
current growth structuring tools and
policies
• Advance Metro 2040 objectives
associated with Urban Centres and
FTDAs
• Integrate growth structuring tools with
transportation planning tools
• Improve service to member jurisdictions
Scope of Review
5
1. Lack of clarity in the Urban Centre
or FTDA structure / hierarchy
2. Limited and varied identification of
FTDAs in RCS
3. Lack of clarity of value proposition
for municipalities to identify FTDAs
and role of MV &TransLink.
Key Issues
6
UC&FTDA Review: Goals and Timeline
Phase 1
• Understand how UC & FTDAs are being used and how they are working.
• 2015-2017
Phase 2
• Develop and test options for improving UC & FTDA tools.
• 2017-2019
Phase 3
• Develop new policy and tools.
• 2019-2021
10 year RGS Review
• 2021
7
Phase I: Activities& Findings
• Not all density is created
equal. Complete communities
matter.
• Challenge of fostering the
economic role of Centres
• Challenge of leveraging
development for particular
amenities.
• FTDA tool can be useful but
has limitations, especially
before a planning process
has taken place.
1. Data Profiles
2. Municipal and Agency
Workshops
8
• Integrate lessons from ongoing
Regional Planning projects
• 2016 Centre Data Profiles
• Continue to study, develop, test,
and refine UC & FTDA policies
• Opportunities for municipal
knowledge sharing
Phase II & Next Steps
Thank you