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Shrinking warehouse space in high demand due to pandemic-era online shopping - Vimarsana News

Shrinking warehouse space in high demand due to pandemic-era online shopping

Posted: Apr 23, 2021 2:26 PM ET | Last Updated: April 23 Supplies fill the warehouse at McKesson Canada in Toronto on Tuesday December 1, 2020. THE CANADIAN PRESS/Frank Gunn(Frank Gunn/The Canadian Press) 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 ...

Source: cbc.ca
Downtown Vancouver office vacancy rate exceeds level after 2008 financial crisis - Vimarsana News

Downtown Vancouver office vacancy rate exceeds level after 2008 financial crisis

Article content Downtown Vancouver’s office vacancy rate is currently at 6.7 per cent, putting it above the peak levels that followed the global financial crisis in 2008 when many companies let go of their prime office space. To compare, in the first quarter of 2020 a year ago, the rate was 3.1 per cent. We apologize, but this video has failed to load. Try refreshing your browser, or Downtown Vancouver office vacancy rate exceeds level of 2008 financial crisis Back to video There have been other steep increases in vacancy rates, according to Ross Moore, a managing broker at real estate co...