Massive Delta industrial project signifies shift of market demandMay 15, 2017 3:04 pm
Only 2 per cent of Metro Vancouver’s nearly 200 million square feet of industrial space is vacant, representing Canada’s tightest industrial market and one marked by soaring land prices and rapid take-up of new developments.
“Without question, the current industrial market is the strongest Beedie has experienced in its 63-year history,” said Beedie Development Corp. president Ryan Beedie as the veteran developer broke ground on the largest industrial project underway in the Metro region.
Beedie’s Delta Link Business Park started last week with a two-phase 533,765-square-foot development in the Tilbury area. In all, the development will cover more than one million square feet across seven buildings.
Categorized in: Western Investor