June 8, 2023
Vancouver– A new industrial strata development is preparing to rise along the banks of the Fraser River.
PC Urban and Nicola Wealth have announced the development of the building at 8696, 8698, and 8710 Barnard Street in southwest Vancouver.
The project is PC Urban’s 12 IntraUrban development and will be called IntraUrban Southlands, according to a news release.
The industrial strata will be 120,000 square feet with 32 ground-oriented units across three buildings with high-end amenities, connections to the Arbutus Greenway, individual end of trip facilities and top of the line specifications.
Metro Vancouver has one of the lowest industrial vacancy rates in North America sitting at 0.9 per cent. Lease rates are more than $20 per square foot, states the release.
“It’s the westernmost development in the city that is pure industrial and a return to the typical industrial form with direct access to loading at grade, high ceiling heights, heavy floor loads and small bays,” Matt MacLean, executive vice-president at Cushman and Wakefield, said in the release.
Industrial spaces range from 1,741 to 8,325 square feet and include contemporary storefront and glazing, 26-foot minimum clear heights for ground floor units and 13-foot clear ceiling heights for lower-level units, grade door access and showers.
“There’s lots of flexible opportunities,” said MacLean.