IntraUrban Colwood, Victoria, BC
With housing prices rising in the Lower Mainland, many residents have flocked to Vancouver Island. As such, the demand for employment generating space has skyrocketed in key markets on the Island. In Victoria and surrounding municipalities, the industrial vacancy rate is currently near 0% and new, functional, light-industrial strata space is almost non-existent.
In December 2020, PC Urban acquired a 4.6-acre parcel of land in the city of Colwood – an outlying township near Victoria – with the intent of delivering 123,000 sf of light-industrial and 12,000 sf of office space for small to medium businesses.
With many retail amenities within walking distance, and significant vehicle exposure averaging 35,000-40,000 cars per day, PC Urban is confident that 1764 Island Highway will become Colwood’s newest flagship business park.
Location: 1764 Island Highway
Project Size: 129,000 sf (light industrial) & 12,000 sf (office space)