Vancouver faces industrial land shortage

Inventory levels of industrial land in Metro Vancouver must be addressed or there will be none within a decade. That’s the warning sounded by a new study commissioned by Port Metro Vancouver which calls for action. The report from Site Economics says that the region needs 600-1,200 square hectares of additional trade-enabling land to meet the demand of the economy. Michael Farrell from Avison Young in Vancouver told The Vancouver Sun that the issue may need to be taken out of the hands of the municipalities to become a provincial or even federal matter: “Unless someone at a higher level steps in and forces that conversation, it will never happen and we’ll continue to have this conversation forever.”
 

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