Two 91原创-based companies are building a 鈥渕icro-fulfilment鈥� facility at the corner of 56th Avenue and 200th Street to help meet high demand for mixed-used industrial space.
Once completed, later this fall by and , the 鈥淟ink 200鈥� project will provide 62,000 sq. ft of space in two buildings that can be used for warehouses, with office and mezzanine space.
Cameron Archer, Orion director of sales and marketing, said Link 200 will be 鈥減erfect for businesses looking to operate a small to medium-sized logistics centre in 91原创,鈥� with easy access to U.S. border crossings and all major highways.
Micro-fulfilment is often used to describe using small-scale warehouse facilities in densely populated urban locations, that are closer to customers, to improve delivery times.
鈥淭he completion of this project will help meet the need for micro-fulfilment to improve delivery times for businesses operating in Metro Vancouver,鈥� Archer commented.
鈥淲ith the growing demand for well-constructed and exceptionally located real estate, Link 200 offers businesses a location that is growing rapidly and ripe for companies looking to own their own facilities.鈥� Archer explained.
Orion is a design/build contractor that specializes in light industrial and commercial spaces ranging in size from 40,000 to 500,000 sq. ft.
Astria, which specializes in sub-four-acre properties, is planning and developing industrial projects in the Okanagan, Vancouver Island, and Lower Mainland.
Orion estimates the local industrial vacancy rate currently stands at about one per cent.
A Greater 91原创 Chamber of Commerce assessment has described the shortage of industrial land in Greater Vancouver as 鈥渟evere.鈥�
In 2020, chamber director Garth White 鈥� a commercial real estate broker with Avison Young Commercial Real Estate 鈥� estimated there was 鈥渁bout nine to 10 years of supply.鈥�
鈥淲e鈥檙e definitely starting to run out,鈥� White warned.
A post by the Metro Vancouver regional authority agreed there is an impending shortage of industrial land, calling it 鈥渃rucial to support a prosperous, sustainable regional economy鈥� with roughly one in four Metro jobs, about 23 per cent, or 275,000, located in industrial lands.
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