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Rising interest rate puts condo, commercial starts in crosshairs - Business News

Rising interest rate puts condo, commercial starts in crosshairs - Business News
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Metro Vancouver businesses grapple with industrial market vacancy rates

They are looking out as far as two years in advance of leases expiring, and more are pre-leasing or purchasing pre-sale industrial strata units.

Vancouver s tech industry adds 13,000 jobs, ranks 3rd in North America

Super competitive : Warehouse demand soars amid shift to online shopping

Super competitive : Warehouse demand soars amid shift to online shopping by Tara Deschamps, The Canadian Press Posted Apr 23, 2021 11:44 am EDT Last Updated Apr 23, 2021 at 11:58 am EDT TORONTO A boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space in many provinces, industry insiders say. Industrial space is being gobbled up at a dizzying rate as companies expand their storage and fulfilment centres to cope with the demands of e-commerce. “We’re seeing multiple offers on any space that’s available, especially anything that’s existing and you can occupy this year,” said Jason Kiselbach, senior vice-president and managing director of CBRE Vancouver. 

Warehouse demand soars amid shift to e-commerce

Save to Read Later TORONTO - A boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space in many provinces, industry insiders say. Employees work at the Amazon fulfilment centre in Brampton, Ont. on Monday, November 26, 2018. Commercial real estate and supply chain management businesses say a boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space. THE CANADIAN PRESS/Chris Young TORONTO - A boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space in many provinces, industry insiders say. Industrial space is being gobbled up at a dizzying rate as companies expand their storage and fulfilment centres to cope with the demands of e-commerce.

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