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Metro Vancouver looks to 'itensify' industrial properties by 2020
Metro Vancouver is investigating ways to `intensify` its industrial properties with warehouse blocks and bulkier buildings, over worries the region could run out of land by 2020 if there`s a substantial spike in global trade and local ports activity.
A Metro discussion paper suggests `optimizing the efficient use of land is crucial,` noting the region will potentially need another 2,500 hectares of industrial properties over the next 20 years if port container volumes continue to grow, requiring more space for trucks and warehouse-related development. With the land base limited, companies can no longer afford to just buy more properties when they want to expand.
Read the full article here.
Metro Vancouver is investigating ways to `intensify` its industrial properties with warehouse blocks and bulkier buildings, over worries the region could run out of land by 2020 if there`s a substantial spike in global trade and local ports activity.
A Metro discussion paper suggests `optimizing the efficient use of land is crucial,` noting the region will potentially need another 2,500 hectares of industrial properties over the next 20 years if port container volumes continue to grow, requiring more space for trucks and warehouse-related development. With the land base limited, companies can no longer afford to just buy more properties when they want to expand.
Read the full article here.