How Is Metro Vancouver's Supply of Vacant Industrial Land?

Does Metro Vancouver have a ready supply of vacant industrial land? The National Association of Industrial and Office Properties commissioned Pacific Land Resources Group (PLG) .

PLG categorized the development potential of currently vacant industrial land parcels according to the following constraints:

  • government/quasi-government owned
  • current use
  • environmentally sensitive area
  • non-indstrial designation or presen tnon-industrial zoning
  • servicing and other restrictions
  • isolated lots under 1 acre
  • ownership structure
  • unique restrictions (environmental, legal, topography)
Here's what PLG found:
  • Of the constraints identified, government or quasi-government ownership was the most prevalent restriction which encumbered 900 acres of land
  • only 2,500 acres of 4,500 acres of indstrially zoned land identified in the Metro report were available for near term development throughout Metro Vancouver
  • based on the historical average of 250 acres of land per year absorbed in the region, 2,500 acres could represent approximately between a 10 to 12 year supply and
  • including activity associated with the Ports, more than 200,000 direct and indirect jobs in Metro Vancouver are related to the industrial section

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