Over 3.5 million square feet of office space is under construction in downtown Vancouver, representing 17,500 new office workers. How will this impact real estate prices on the downtown peninsula?
New Vancouver office space for lease
News on office projects and industrial space in Metro Vancouver, including new office buildings in the downtown core, Railtown and Mount Pleasant, increasingly known as Mount Pixel.
Downtown Vancouver is experiencing an office construction renaissance, with several new towers under construction including Vancouver Centre II, and Westbank's unique green "lantern" tower across from the Vancouver Public Library. Bosa Development is also building a new office tower on the former site of a parking garage at West Cordova and Granville.
In Mount Pleasant, home to technology firms like Hootsuite, space in new office developments is reportedly selling for over $10 million per floor.
AbCellera, the Vancouver-based biotech company, is expanding into a new, nine-storey purpose-built office and laboratory in Mount Pleasant.
Diagram by Cressey is an upcoming 14-storey office building in Coquitlam next to Coquitlam Centre, on Glen Drive near Pinetree.
Western Canada’s largest and tallest mass timber office building will be built in Vancouver’s Mount Pleasant neighbourhood.
Reliance Properties is partnering with international real estate firm Hines to jointly develop a 32-storey office tower on West Pender.
The City of Vancouver recently approved zoning changes to the south side of West 2nd Avenue in Mount Pleasant to encourage more employment space, and increase heights and densities.
Vancouver-based developer Rendition Developments is preparing to launch their latest office building in Mount Pleasant, Fifth + Columbia.
White Spot at SE Marine Drive and Ross Street in Vancouver will close permanently on April 10, 2021 to make way for an industrial building.
The Deloitte Summit office tower across from the Vancouver Public Library central branch is now topped out, and already an iconic structure.
Bonnis Properties has an ambitious plan for 800-block of Granville, home to Commodore Ballroom, including new office, retail and arts space.
A modern, 28-storey glass office tower is planned for a vacant lot next to the 1930s Royal Bank Tower on West Hastings Street.
QuadReal and PC Urban are teaming up on a 22-storey office tower at 550 Cambie Street in Crosstown, near the Stadium SkyTrain station.
Chard Development is planning an eight-storey, mixed-use building at 750 Southwest Marine Drive between Cambie and Oak.
BENCH Railtown by Rendition Developments is now complete and leasing office space that showcases views of the Port of Vancouver.
We are learning more about Concord Pacific’s plans for the former Molson Brewery site in Vancouver — dubbed Quantum Park.