Office Space 2020

OFFICE SPACE 2020 | BOMA BC LEASING GUIDE | COMMERCIAL REAL ESTATE official publication

Published by

British Columbia

The Building owners and managers association

GETTING TO WELL Design ethic with a focus on health Cleaning up after COVID-19

proptech LIFTS sidewalk labs

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BOMA’S PANDEMIC PLANNING GUIDE

BOMA AWARDS 2020 finalists

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Avison Young will continue delivering the highest level of service expected from a partner.

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4 | OFFICE SPACE 2020 published by Business in VAncouver

contents

11

OFFICE SPACE 2020 | BOMA BC LEASING GUIDE | COMMERCIAL REAL ESTATE official publication

published by

British Columbia

The Building owners and managers associaTion

GETTING TO WELL Design ethic with a focus on health Cleaning up after COVID-19

proptech LIFtS SIdewaLk LabS

boMa’S paNdeMIc pLaNNING GUIde

boMa awardS 2020 FINaLIStS

President: Alvin Brouwer publisher and Editor-in-chief, business in Vancouver; Vice-president, Glacier Media: Kirk LaPointe EDITOR: Frank O’Brien Design: Petra Kaksonen Production: Rob Benac CONTRIBUTORS: Brady Fluegel, Glenn Gardner, Glen Korstrom, Frank O’Brien, Tyler Orton, Muneesh Sharma, Hayley Woodin Researchers: Anna Liczmanska, Arthur Xie Director, Sales and Marketing: Pia Huynh Sales Manager: Laura Torrance Advertising sales: Blair Johnston, Corinne Tkachuk, Chris Wilson, Betty Jin, Margaret Garrison Administrator: Katherine Butler Office Space 2020 is published by BIV Magazines, a division of BIV Media Group, 303 Fifth Avenue West, Vancouver, B.C. V5Y 1J6, 604‑688‑2398, fax 604‑688‑1963, biv.com.

Column

Column

Column

MUNEESH SHARMA – 14

BRADY FLUEGEL – 18

GLENN Gardner – 22

features

15 24

11 becoming well Timely designs for healthier workspaces 15 amenity rich Upgrading to seduce millennial workers 20 proptech Pandemic rewires property technology 24 CLEANING UP AFTeR COVID-19 Rethinking budgets for front-line janitors

Copyright 2020 Business in Vancouver Magazines. All rights reserved. No part of this book may be reproduced in any form or incorporated into any information retrieval system without permission of BIV Magazines. The publishers are not responsible in whole or in part for any errors or omissions in this publication.

ISSN 1205-5662 Publications Mail Agreement No.: 40069240.

Registration No.: 8876.

Return undeliverable Canadian addresses to Circulation Department: 303 Fifth Avenue West, Vancouver, B.C. V5Y 1J6 Email: subscribe@biv.com Cover: OXFORD PROPERTIES’ MNP TOWER: WELL Certified Photo: Oxford Properties Group

Official publication

British Columbia

The Building owners and managers association

BOMA

Produced by

8 boma awards Finalist in the 2020 competition DATA 30 office building directory

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Office – Tech – Medical - Financial

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WE M A K E I T H AP P EN

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Message from the editor

Office sector will emerge stronger, healthier after crisis Welcome to Off ice Space 2020, which is being published during the COVID-19 pandemic that has shaken people and the economy on a global basis.

Many British Columbia office buildings are closed and many office workers are self-isolating and working from home.

This has created an eerie and unprecedented si lence i n the norma l ly bustling office environment of downtown Vancouver.

But British Columbia’s office sector should ride out the COVID-19 crisis better than most commercial real estate sectors, according to analysts.

“Demand for office space should see little direct impact from the coronavirus

outbreak over the short term,” states the Coronavirus outbreak: implications for commercial real estate report from Marcus & Millichap, released in early April.

Avison Young, in its take on the effect of COVID-19 on commercial real estate, noted that the office sector is merely “set to embark on an unprecedented global experiment in flexible working.”

A key will be the adjustment of staff and clients coming back into office towers once B.C. health restrictions are lifted.

The Canadian Internet Registration Authority noted in a 2019 study that the majority of Canada’s office workers have long had the technology to work from home, but less than 20 per cent actually do so.

In other words, after being self-isolated with family and housework for a few weeks, many will be thrilled to get back to the office.

As you will read inside, the office environment has never been more welcoming or healthy.

Lounges, fitness rooms and rooftop patios, even catered lunch rooms with private chefs, are among the perks that have infiltrated B.C. office towers.

WELL, an international design ethic that puts the emphasis on the health of occupants, has been embraced by office developers in Vancouver since the concept was introduced six years ago.

This, combined with LEED (Leadership in Energy and Environmental Design), which is now virtually standard in new B.C. office buildings, provides occupants with perhaps the cleanest, greenest and healthiest work spaces in the world.

Welcome back to your office space.

Frank O’Brien Editor

A BETTER WAY From design to construction, our approach promises a better experience for our clients. omicronaec.com

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British Columbia

The Building owners and managers association

2020-21 BOARD OF DIRECTORS

Officers Chair Lillian Tummonds General Manager, Pacific Centre (complex) and HSBC Building, Cadillac Fairview Corp. Ltd. Vice-Chair Warren Smithies, CEO,

Martello Property Services Inc.

Directors Michael Cole General Manager, Real Estate Services, BentallGreenOak Sean Hamilton Director, Customer Experience, Haakon Industries Oskar Kwieton Director of Facilities, Operations & Maintenance, Shape Property Management Julie Lacasse General Manager, QuadReal Property Group Claude Nobauer President, Control Solutions BOMA BC Events & Education

TreasureR Leanne Reynolds

General Manager, The Exchange, Colliers International President, BOMA BC

Damian Stathonikos

Elyse Norgaard Kituri (BOMA Victoria Chair) General Manager, Property Management, Anthem Properties James Spooner Mechanical Construction Sales Manager, BC, Johnson Controls Kathy Tuulos Director of Property Management, Low Tide Properties Ltd. Isaac Zadka Senior Vice President, B.U.K. Investments Ltd.

Networking events include the BOMA Golf Classic, Christmas Luncheon, Ski Day, Boat Cruise and luncheons with keynote speakers. Relevant topics are chosen for seminars to keep both property managers and building operators up-to-date. For a list of events and education go to: https:// www.boma.bc.ca/events-sponsorship/event-calendar/

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2020 BOMA Corporate Sponsors Platinum

Mott Electric

Gold

BFL Canada Insurance Services Inc.

The Cadillac Fairview Corporation GDI Integrated Facility Services

Silver

Trane Northwest Morguard Investments Ltd. Broadway Refrigeration & Air Conditioning Co. Ltd.

Bronze

Triovest Realty Advisors (BC) Inc. Chubb Edwards Priority Building Services Ltd. Bee Clean Building Maintenance Control Solutions Ltd. Manulife Financial Real Estate Cascades Recovery Inc. C&W Services

Somatic HVAC Solutions ESC Automation Inc. Corporate Electric Ltd.

SerVantage Services Corp.

Peterson Alpine Building Maintenance Inc. Sterling IAQ Consultants Ltd. GuardTeck Security Co. GardaWorld Johnson Controls Ultra-Tech Cleaning Systems QMC Submetering Solutions

Energy Education Sponsor Fortis BC

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BOMA BC

Awards of Excellence

A

ll members have the opportunity to enter the awards program, spanning more than seven categories. Winners will be announced in May 2020. Those moving on to the national level of competition will be recognized at BOMA Canada’s Awards Gala in the fall, as part of the BOMEX conference.

TOBY (Outstanding Building of the Year) and Earth Award Nominees:

•609 Granville St. - Canaccord G enu ity Pl ace, T he Cad i l l ac Fairview Corp.

•745 Thurlow, QuadReal Property Group •840 Howe, GWL Realty Advisors (BC) Inc. •980 Howe, Manulife Investment Management •1090 Homer Street, GWL Realty Advisors (BC) Inc. •1188 West Georgia Street, GWL Realty Advisors (BC) Inc. •1669 East Broadway, Wesgroup Properties LP •Kent Corporate Centre, GW L Realty Advisors (BC) Inc. •Millstream Village Shopping Centre, GWL Realty Advisors (BC) Inc. •MNP Tower, Oxford Properties Group

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•Pacific Blue Cross: 4250 Canada Way, GWL Realty Advisors (BC) Inc. •Park Place, QuadReal Property Group •Three Bridges Community Health Centre: 1128 Hornby, Wesgroup Properties LP •Translink Building: 287 Nelsons Court, Wesgroup Properties LP •Va ncouver Centre: 650 West Georgia Street, GWL Realty Advisors (BC) Inc. Health & Safety Award Nominees:

•Black Tie Property Services Inc. •Bouygues Energies & Services Canada • SerVantage Services Corp.

Pinnacle Customer Service Award Nominees:

•Haakon Industries •Oxford Properties Group

Tenant Improvement of the Year Nominees:

•Oxford Properties Group: Brass Fish •Oxford Properties Group: Social 7 Lounge •QuadReal Property Group: Park Place 10th Floor Building Operations Team of the Year Nominees:

•Bouygues Energies & Services Canada’s RCMP ‘E’ Division team •QuadReal Property Group’s 777 Hornby Street team Young Professional Award Nominees:

•Jesse Hague, Oxford Properties Group •Ted Mildon, Oxford Properties Group •Garrett Wiseman, FirstOnSite Restoration

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2019 Award Winners

2019 Tenant Improvement Award Winner: Wesgroup Properties for Vancouver Coastal Health

2019 Building Operations Team Award Winner: QuadReal Property Group’s Broadway Tech Centre team • QuadReal

2019 Supplier/Contractor Winner: Paladin Security • Paladin GWL group

2019 Young Professional Award Winner : Sean Hamilton, Haakon Industries 2019 Outstanding Volunteer of the Year: Jillian Mann of GWL Realty Advisors Inc. (on left)

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Five-year Metro Vancouver office vacancy RATE AND Absorption

B.C. COMMERCIAL REAL ESTATE INVESTMENT SALES (Transactions greater than $5M 2019)

$1.04b

$2.27b

Industrial 24%

2020 Projection: 12-month projection based on 10-year average absorption and known net absorption in new inventory.

Note: The spread of COVID-19 and the containment policies being introduced are changing rapidly, and some of the views expressed herein may not reflect the latest opinion of Avison Young. Note: The vacancy rate defines the total amount of vacant head lease and sublease office space available for lease at a specified period in time.

Office 53%

$956M

Retail 22%

2019 DOWNTOWN VANCOUVER: NET RENTAL LEASE RATE Class

Inventory (square feet)

Vacancy rate (per cent)

Average net rental* (per square foot)

AAA

4.98 million

3.7%

$38-$72

A

8.18 million

1.6%

$32-$60

B

6.63 million

1.4%

$28-$45 $22-$35

C

2.98 million

6.5%

Total

22.78 million

2.6%

*Net rental (lease) rate does not include gross occupancy costs

metro vancouver outlier office performance District

Total inventory (square feet)

Total vacancy rate

AS OF DEC. 2019

Absorption (square feet)

Vancouver-Yaletown

2.07 million

3.2%

29,471

Vancouver-Broadway

6.93 million

4.9%

178,920

Burnaby

9.31 million

6.3%

126,411

Richmond

4.21 million

7.5%

– 734

Surrey

2.9 million

5.2%

47,111

New Westminster

1.68 million

9.5%

59,131

North Shore

1.45 million

7.4%

41,669

Note: The absorption is the amount of space leased relative to the amount returned to the market during a set period of time.

ALL INFORMATION COURTESY OF AVISON YOUNG, VANCOUVER. Note: The spread of COVID-19 and the containment policies being introduced are changing rapidly, and some of the views expressed herein may not reflect the latest opinion of Avison Young

Learn more about how Avison Young can help you achieve your real estate objectives today www.avisonyoung.com

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BECOMING

WELL

A design ethic empathizing the health of occupants never more timely than in an urban world rocked by a pandemic

Vancouver Centre 2 office tower will feature plenty of natural light, living green walls and a radiant heating and cooling system that avoids the spread of particulate, which is common with forced-air systems • GWL Realty Advisors

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becoming well

Frank O’Brien

S

tarted six years ago, the WELL building standard – an international effort to place the health of occupants at the centre of design – sparked an immediate response in Vancouver that is expected to widen with the onset of the COVID-19 pandemic.

WELL was developed by integrating scientific and medical research on environmental health, behavioural factors and health outcomes with leading practices in building design, construction and management, according to the New York-based WELL Building Institute.

It means making workplaces healthier, which is proving good for occupants and for the bottom line.

Just a year after WELL was introduced, CBRE, a commercial real estate agency, began to incorporate the standard into its

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offices. In 2017, CBRE was the first in Vancouver to obtain WELL Certification. Its four-floor office in Oxford Properties’ MNP Tower – itself a WELL office building – incorporates more than 100 wellness features such as universal access to natural light for all employees and noise-cancellation diodes to reduce stress-inducing background noise.

But it is the office’s internal systems that may be attracting the most interest in a society grappling with a pandemic.The system is designed to ensure that inside air quality is within the top 1%

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Ashley O’Neill, vice-president of corporate strategy at CBRE, the first Vancouver company to incorporate WELL into its office design: “We have seen our total employee turnover rate fall by almost a third.” • Chung Chow

globally. When its filtration system detects a need for fresh air, it pumps in new air from outside the building, as opposed to recycling air from inside the building.

CBRE has found payoff has been, well, healthy.

“Since 2015, in offices that have undergone our workplace transformation, we have seen our total employee turnover rate fall by almost a third and, in the same period, we’ve doubled our hiring rate of new talent,” says Ashley O’Neill, vice-president of corporate strategy.

The MNP tower in Vancouver by Oxford Properties was the first entire new office building in Vancouver to achieve the WELL gold standard. Here, the emphasis is fitness, with a climbing wall and exercise and yoga studios integral to the design. There is also special lighting and artwork in the stairwells to encourage tenants to take the stairs rather than the elevator.

Vancouver Centre 2, developed by the Healthcare of Ontario Pension Plan with GWL Realty Advisors and scheduled to complete in 2021, is designed to achieve WELL Gold certification. The 33-storey tower is at the corner of West Georgia and Seymour streets. Equipped with the WELL gold-standard in healthy environments, the tower includes an outdoor deck on the 7th floor that connects to the fitness and yoga studios. The 29th-floor rooftop deck allows employees to take a break or eat lunch, or hold a meeting in the open air.

Vancouver Centre 2 also features a ceiling-based radiant heating and cooling system. Heated or chilled water is circulated through metal ceiling panels, enabling more efficient control over the interior temperature. The system is said to be superior in a key issue: it avoids the spread of particulate, which is common with forced air systems.

The newest healthy giants in Vancouver are being built to Well v2, the second iteration of the WELL building standard.

It incorporates recommended changes drawn from monitoring the first six years of WELL buildings.

BentallGreenOak’s first Vancouver flagship is a 32-storey, 540,000-square-foot office tower at 1090 West Pender, known as B6. It is being built to the LEED (Leadership in Energy and Environmental Design) Gold standard. It will also feature a green roof and the WELL v2 registration.

The tower is scheduled for completion by February 2023.

“B6 is wrapped with sustainable features like triple-glazed windows and efficient mechanical systems for a more healthy and energy-efficient experience for our tenants,” said Tony Astles, managing partner and head of Canadian real estate services for BentallGreenOak. WELL amenities at B2 include advanced air filtration, a private three-storey fitness facility for tenants and extensive shower and storage facilities for bikers and runners, all of which emphasize that health, happiness and work can be mutually beneficial in a modern office environment. ç

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BentallGreenOak’s 32-storey, 540,000-square-foot office tower at 1090 West Pender, known as B6, is being built to the new WELL v2 registration and to the LEED (Leadership in Energy and Environmental Design) Gold standard• BentallGreenOak

Healthy air concept The WELL Air concept aims to ensure high levels of indoor air quality across a building’s lifetime through source elimination or reduction, active and passive building design, operation strategies and human behaviour interventions.

People spend approximately 90% of their time in enclosed spaces. During this time, inhalation exposure to indoor air pollutants can lead to a variety of poor health and well-being outcomes. Health effects associated with exposure to indoor air pollutants can be short- and long-term and can range in severity.

WELL seeks to implement holistic design strategies to promote clean air and minimize human exposure to harmful contaminants.

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BOMA’s Guide to Pandemic Planning proves vital today COVID-19 surprised many but BOMA members have had access to the Guide to Pandemic Planning since the SARS outbreak in 2003

Muneesh Sharma

The arrival of COVID-19 has upended the global economy and has and will affect the commercial real estate community across British Columbia and the world.

While we were all shocked and surprised at the arrival and the impact of this new coronavirus, members of the Building Owners and Managers Association (BOMA) were more prepared with the BOMA Canada Guide to Pandemic Planning, a predictive publication first envisioned by BOMA following the 2003 SARS outbreak in Toronto. The pandemic guide was soon published, along with a continually updated web page http://bomacanada.ca/pandemic-2019.

BOMA developed the original pandemic guide with DCS Global in cooperation with a number of experts, including Susan Bazak, emergency management specialist with Bazak Consulting; Dr. Bunmi Fatoye, medical officer of health with the Winnipeg Regional Health Authority; and Bruce Gamage, network director with the BC Provincial Infection Control Network.

The guide was quickly and widely endorsed by the commercial real estate industry across Canada.

Since the first guide was published, the world has seen the A(H1N1) 2009 influenza pandemic and the Ebola virus outbreak (2013-2016). Now we are all dealing with COVID-19.

Like SARS this new coronavirus causes acute respiratory distress, but experts consider it more dangerous.

According to the World Health Organization, “pandemics are unpredictable, but recurring events that can cause severe social, economic, and political stress. Advanced planning and preparedness are critical in helping to mitigate their impact.”

As COVID-19 has shown, pandemics can spread more quickly than in the past and our society is ever more at risk.

The number of people working and visiting commercial properties is expanding, the population is aging and the

world is globalizing. It was just a matter of weeks from the identification of the first outbreak of the latest coronavirus in China before it was infecting people from Europe to North America, Africa to South America.

The latest version of BOMA’s Guide to Pandemic Planning has been released with the most up to date knowledge of preparedness and we encourage all members of the real estate community to review it.

Content is based upon public health expertise and planning guidance, lessons observed from the 2009 pandemic, best-practice emergency management approaches, and the collective wisdom and advice from a team of expert BOMA members from across Canada.

Building owners and managers can take steps to both prepare for and address pandemics. While nothing can replace the need to get proper, expert medical advice, consulting the guide will assist our members in doing the right thing for their tenants, visitors and staff.

The updated guide is divided into eight sections: your property’s pandemic plan; employee health and safety; the physical environment; communicating in a pandemic; supplies and suppliers; information technology considerations; security; and legal considerations for property managers and owners.

These categories are not an exhaustive list of every pandemic-related business deliberation. However, we hope that this guide will provide helpful ideas and suggestions to assist in your pandemic planning efforts.

Copies of the BOMA Canada Guide to Pandemic Planning are available through BOMA BC free of charge to members and non-members alike.

We are all in this together and we hope you’ll find this guide helpful in your own preparations and reaction to the latest pandemic threatening our loved ones and our livelihoods.

Stay safe, partners.ç Muneesh Sharma is director of government affairs and communications with BOMA British Columbia. He can be contacted through boma.bc.ca.

The Guide was quickly and widely endorsed by the commercial real estate industry across Canada

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AMENITY RICH Office landlords upgrade and innovate to attract and retain millennial-generation workers

A social lounge at Oxford Properties’ MNP office tower in Vancouver: a place for workers to meet, work and even play • Oxford Properties

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amenity rich

Glen Korstrom

L

a n d l o r d s a n d e mployers are learning that to attract millennial-generation workers, they need to upgrade their workplaces to add amenities.

A pastry chef is at the site every day from 7 a.m. to 2 p.m. to make cookies, croissants and coffee for workers who want to hang out

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Workers between 24 and 39 years old tend to have different preferences than previous generations, say landlords and business owners.

One stark difference is that members of this younger generation more frequently want their workplaces to have lounges or entranceway lobbies that can be a second workspace – a place where they can go to for a few hours to hold some casual meetings or to do some work on their laptop computers, accorind to recent surveys.

“We don’t necessarily understand how conversant millennials are with social media,” Rennie Marketing Systems owner Bob Rennie tells Business in Vancouver.

“We react to statements completely differently than they do. They are very comfortable communicating on Instagram, while we’re still picking up the phone.”

Rennie said many of his 92 employees and 162 real estate brokers are relatively young, and that he recently hired a new head of human resources in part to ensure that his workplace is meeting staff desires.

Rennie recently ripped out some walls on the ground floor of his 51 East Pender Street office to create what he calls “the park.”

The inside space has picnic tables and a large open area, with eight breakout areas. A pastry chef is at the site every day between 7 a.m. and 2 p.m. to make cookies and croissants as well as coffee for workers who want to hang out on the ground level, Rennie said.

Having such spaces on the ground floors of office buildings is something that Hudson Pacific Properties CEO, president and chairman Victor Coleman agrees is increasingly a priority.

“Millennials are looking for interactiveness – so interactive lobbies, great Wi-Fi systems, service in the lobbies, some place to gather beyond their own floors, their own spaces,” he says.

Hudson Pacific owns and manages buildings in Los Angeles, San Jose, Palo Alto, San Francisco,

Seattle and Vancouver.

The Los Angeles-based company and a private equity fund managed by a subsidiary of New York City-based Blackstone Group Inc., bought the four-tower Bentall Centre in Vancouver early last year from Beijing-based Anbang Insurance Group Co. Ltd. Hudson Pacific owns a 20% stake and is the operational manager of the properties.

Coleman said his company plans to significantly upgrade and expand Bentall Centre and that lobbies will be transformed in part to appeal to millennials.

“You’re going to have some gathering areas where you can sit, plug and play,” he says.

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Wendy Waters, GWLRA’s vice-president of research services and strategy, with a new bike-parking area at one of the Vancouver office buildings her company manages • Rob Kruyt

“You can get your work done and you’re not interfering with people coming and going. We’re going to be taking some useless space, typically, and making it an active space,” he notes.

“You’ll know that you can walk out of your office and go to the lobby and you can camp out there for a couple hours and get things done and have some amenities circling around that,” Coleman says.

That means food kiosks, charging stations and 5G Wi-Fi, he explains.

Similar things are happening at buildings that GWL Realty Advisors (GWLRA) manages. The company has also incuded new bike lockers, and some tasty perks.

“At Robson Court, we’ve added [as a ground-floor tenant] Smak, which is a gluten-free, quick-service restaurant, and a poké restaurant, so there are two fairly healthy choices that are right there,” says Wendy Waters, GWLRA’s vice-president of research services and strategy. ç

What young workers want GWL Realty Advisors recently surveyed 573 workers in three office buildings that it manages in Vancouver and asked staff what amenities they wanted that their buildings did not already have.

The response: • 29% want a sit-down restaurant or café (among those aged 18 to 34, this preference rose to 33%); • 28% want access to a convenience store; • 22% want an outdoor seating area; and • 21% want a lounge where employees could mingle and socialize (among those aged 18 to 34, preference for this amenity rose to 29%).

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LOOKING AT THE FUTURE OF OFFICES FROM A PANDEMIC PERCH Landlords and lenders have been given extraordinary access to real-time information on tenant resiliency and leveraged commercial assets

BRADY FLUEGEL

I will preface this article with a date - April 16, 2020 – the date I am typing this in my home office homeschooling three children with my shift-working first responder (and thus somewhat absentee) wife. Life is full, unpredictable, quickly evolving and the dynamic people will thrive, I tell myself. By the date of publishing COVID-19 may be all over and this article could read like a page from my diary.

The date of writing is important as every day seems like a week and every week a month. These days are filled with “soft discussions” (all MS Teams/phone/Zoom) where we ask each other what the future holds before reluctantly chiming in with an opinion (sometimes it is better to not be asked).

Currently I am seeing boarded up retail store fronts, empty streets, closed schools, clean air, government intervention and incentives, stay-at-home guidelines and … COVID-19 recoveries outpacing new cases? I am hoping British Columbia is back to business soon.

I would like to consider how this will change the office real estate market. What follows is a collection of ideas and commentary from dozens of industry ‘chats’ over the past month.

Landlords are getting an extraordinary glimpse of tenant durability. The cashflow and liquidity of all tenants is being tested and vulnerability will be obvious and often public.

Tenants who ask for rent abatement, deferral, and reductions could be countered with modified lease terms, early renewa and personal covenant in lieu. I also expect that landlords will be reluctant to boost face rents with tenant improvement packages for new tenants.

On the flip side, lenders are also being provided with unprecedented real-time data on leveraged commercial assets.

Landlords are being asked to provide tenant solvency updates on a month-by-month basis mid-term during loans. This is unprecedented during my career.

It is a great time to own a business deemed to be an essential service. Many other companies have been forced to shut down, wait at home and attempt to retain staff or, in many cases, lay off employees. In years past I have discussed the stability and premium paid for office space in proximity to health care hubs. Clearly health services are in high demand today and in current conditions the tenants in blasé office space close to hospitals are rock solid compared to some flashy tenants in the downtown core (think Broadway near Vancouver General Hospital versus the ghost town AAA offices in Downtown Vancouver).

The crisis has pushed most “office work” into home offices, so will demand for new space increase or wane? Will people

migrate to suburban locations instead of urban centres? It is possible that all this germ concern will lead to increased spacing within offices. In past years tenants were shrinking space to 150 square feet to 170 square feet per person or hotdesking with 0.7 desks per staff member. I expect this will be reconsidered with an increasing-space trend.

The office workplace could evolve to rotating in-office shifts in spacious offices while the remaining employees stay home using their newly curated COVID-19 home offices. Coupled with a rigid cleaning schedule, this could allow companies to return to urban centres earlier in the back-to-work transition.

Many people will be happy to see private offices return to the norm.

Will demand for suburban office space increase after the pandemic experiment with home-based productivity? While the flight to suburbia has been underway for a few years, more staff are realizing that the extra hour(s) of time not spent commuting is available for productivity with the help of technology. Expect this technology to quickly evolve and enhance this experience.

Further, dense urban centres have generally seen more cases and caused more concern during this unprecedented crisis – especially for companies with older staff and clients. Layer the lower germ-density in suburbia with lower rents and shorter commutes, and demand could increase.

I expect building operations to be forever changed. In the short term we could see security and health checks to enter buildings (this is already happening in the construction industry) with a lasting trend toward hands-free technology and lower occupancy in common areas such as elevators, lobbies and cafeterias.

I also expect a wave of demand for office space from government entities and related companies. Many of the emergency funds, policies and programs during COVID-19 have been implemented quickly with low qualification barriers. At some point the applicants will need human auditing, and government tenants will lead the demand for office space.

Lastly, what happens to co-working? WeWork, Regus and Spaces have been largely open during the pandemic. The cautious mindset of tenants (i.e. non-committal) could lead more groups choosing co-working in the short term.

COVID-19 will test all facets of and participants in the office market. The market will be forever changed but office space will always be in demand – just by whom, how much and where remains in question.

These are my “today” thoughts. I hope to read my published account, soon, from my private office in downtown Vancouver, with a fresh haircut. ç Brady Fleguel is a principal with Burgess, Cawley, Sullivan & Associates Ltd., Vancouver, a Vancouver appraisal and property tax-appeal firm. He is an accredited member of the Appraisal Institute of Canada, and his work encompasses projects throughout British Columbia.

COVID-19 will test all facets OF and participants in the office market

BIV_OfficeSpace2020_40R.indd 18

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Brief

Accessible features not costly Office and other commercial buildings can achieve high levels of accessibility at virtually no additional cost, according to a study by the Rick Hansen Foundation Accessibility(RHFAC) [program and architectural and design firm HCMA. The 2020 cost comparison study found that new buildings could even achieve ‘Accessibility Certified Gold’ status – the highest tier of accessibility under the Rick Hansen Foundation Accessibility Certification program – if construction costs were increased by as little as 1%.

RHFAC rates the level of meaningful access of the built environment, for people with varying disabilities affecting their mobility, vision and hearing.

“There is an unspoken assumption that accessible buildings are expensive and difficult to build. This report unequivocally shows that this is not the case,” says Brad McCannell, vice-president of access and inclusion

at the RHF. The RHF has worked closely with BOMA BC members to incorporate accessibility into new and existing buildings and the low cost of entry is not the only benefit, according to Laura Malley, property manager of Marine Gateway, a Vancouver office and retail development by PCI Group and Triovest Realty Advisors adjacent to the Canada Line transit station at Cambie Street and Marine Drive.

Malley worked with RHFAC professional Hans Egger to determine features such as good vehicular access, escalators, moving walkways, signage and tactile variations on floors, among other accessibility improvements, at the Marine Gateway complex.

As a result, Marine Gateway received a gold award in the Building Owners and Managers Association of Canada’s first annual Accessibility Challenge in 2019. Marine Gateway was recognized for receiving a score

Laura Malley of Marine Gateway, a gold award recipient for accessibility •Chung Chow

of 83% on their RHFAC Accessibility Certification.

Achieving gold was exciting, but Malley contends it is just one step in a

process of improvement “There’s no way we can just sit there and say we’re perfect. You have to constantly push,” she says.

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20 | OFFICE SPACE 2020 published by Business in VAncouver

Artist’s rendering of the Sidewalk Labs development, which is deploying everything from moving canopies to expandable walls • Submitted

Pandemic may prompt PROPTECH ADOPTION

Experts say tenants will have higher expectations as they return to offices following the pandemic

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Tyler Orton

P

icture rolling into your office building’s parkade where optical sensors instantly recognize your car’s licence plate and gates automatically open for you.

While the emergence of property technology (proptech) has been gaining ground in recent years, the price points of such features have in fact been falling, according to Sunny Ghataurah.

“If done properly, there’s a cost but there’s also a reduction in the way the design gets done,” says the president of AES Engineering Ltd. “So some owners are looking at that and they find that quite attractive because the actual cost of the project is the same as what it was previously.”

But Ghataurah emphasizes that the key to implementing proptech is to do so with the experience of tenants in mind, not simply adding technology for the sake of it.

And this will be put to the test as more people are expected to return to the office as the COVID-19 pandemic subsides.

Ghataurah believes tenants will be giving more consideration to filtration systems that can better manage how much fresh air is brought into an office space or whether beacons can help detect the movement of smartphones to direct people though one-way corridors and minimize close contact with passersby.

“The smart building network piece is something that we are seeing significant uptake locally,” he says.

But a January report from Altus Group Ltd., a software and data services provider for the commercial real estate sector, reveals industry is still somewhat skeptical.

The vast majority of survey respondents (89%) believe more consolidation in the proptech industry is necessary to more efficiently deliver on the needs of the commercial real estate (CRE) sector, according to the report’s global survey of 400 CRE executives.

“While the industry is making key investments and hedging its bets, at the same time, the findings in this year’s report seem to indicate that CRE executives now believe the timeframe for these technologies to start gaining traction and deliver results starts now, with proptech consolidation a necessary outcome,” the report states.

But in terms of tangible, widespread applications, proptech has been the backbone of much of the global smart cities initiative, which sees government pushing communities to use electronic data collected from internet of things (IoT) sensors to more efficiently manage their services.

“It’s really about the importance of a city moving to that integrated approach, which was combining data analytics, artificial intelligence, IoT and all those other technologies. And this helps facilitate business

BIV_OfficeSpace2020_40R.indd 21

opportunities, it increases efficiency in terms of the public sector, enhances safety and public health,” says Nancy MacDonald, vice-president of urban places at Stantec Inc. Stantec is leading the infrastructure design services for the proposed Sidewalk Labs Quayside development in Toronto – a project that will see throngs of buildings equipped with tech extras ranging from moving canopies to protect pedestrians from the elements to a moveable-wall system that can quickly shrink or expand rooms.

Sidewalk Labs, an Alphabet Inc. company, envisions a pedestrian-centric community also deploying technology beyond the walls of the buildings, with heated sidewalks that melt snow in the winter and optical sensors that monitor crosswalks to detect pedestrians crossing the street in the dark.

There are similar initiatives on the West Coast, but not on the scale of Toronto’s.

Executives from Sidewalk Labs were in Vancouver last December.

“We’re in the process of looking around the world at other places where we might partner with local developers and local municipalities to explore opportunities,” Jesse Shapins, Sidewalk Labs’ director of urban design and digital innovation said at a Greater Vancouver Board of Trade panel.

The City of Vancouver and the City of Surrey had previously spent two years partnering on their joint bid for the federal government-backed Smart Cities Challenge, which offered a $50 million prize to the winning city.

The two cities worked on creating two collision-free, multi-modal corridors – one each within their respective borders – and attracted more than $36 million in investments from private enterprise.

However, Montreal was awarded the prize money last year.

A 2019 report from Stantec and ESI ThoughtLab (Econsult Solutions Inc.) found that cities that invest in such initiatives are realizing a healthy return on their investments.

Gains were highest for initiatives deploying technologies related to first-aid alerts, which realized a 5.6% return on investment, digital business licensing (5%), gunshot sensors (4.8%), dynamic electricity pricing (4.8%) and real-time crime mapping (4.7%).

“The investment in the thinking – especially from Vancouver and Surrey – [and] the broader approach of working together is probably going to be more valuable in the long term,” MacDonald says. ç

2020-04-29 9:53 AM

22 | OFFICE SPACE 2020 published by Business in VAncouver

solid office fundamentals shaken by covid-19 Various scenarios possible in a surging Vancouver office market rudely interrupted by the pandemic GLENN Gardner

Metro Vancouver, particularly the downtown peninsula, was not prepared for its newfound popularity among office tenants.

At year-end 2017, office vacancy across the region was sitting at 8% w ith vaca ncy dow ntow n at 7.1%; essentially a balanced market between landlords and tenants. The largest development cycle in the history of the downtown core had just wound down and while most of the new inventory had been absorbed, there was uncertainty regarding future demand.

New entrants to the market such as WeWork, Amazon and Spaces began arriving in 2018. Vacancy started trending downwards sharply as these groups absorbed as much space as they could secure. A strong economy also meant that traditional Metro Vancouver tenants also needed additional space to facilitate growth. Moreover, additional U.S.-based firms, particularly from the technology sector, started dipping their toes into the market.

By year-end 2018, vacancy had decreased to 5.1% across the region and was less than 3% downtown. As a result, lease rates climbed to new heights and inducements decreased as tenants had fewer options to choose from.

With minimal new inventory in the pipeline, developers quickly started playing catch up as few expected the market to change as quickly and dramatically as it did. The result has been the largest development cycle downtown Vancouver has ever experienced with more than five million square feet of new developments being kicked off (a 22% increase on the existing downtown inventory of 22.8 million square feet). One of the largest surprises, given the typically risk-adverse nature of pension fund developers, was that most of this new development was going ahead with or without any prelease commitments in place. Vacancy continued to tighten in 2019 and by year end finished at 4.4% for Metro Vancouver and 2.6% for downtown Vancouver. Rental rates were again pushed to new heights.

The record-high lease rates and record-low vacancy resulted in building valuations that had never been achieved in downtown Vancouver. However, the million-dollar – or even billion-dollar question depending on the asset – is: ‘how sustainable are these valuations given recent workplace restrictions due to COVID-19 and the effect of the new inventory being delivered into the market over the next 12 to 36 months’?

Market forecast: For the downtown, the past expectation was that vacancy would remain low and that there would be further upward pressure on rental rates into 2020 and

the first part of 2021 as no new significant inventory was delivered. However, in light of the COVID-19 containment measures, it is not certain as of April 2020 if the market will continue as it was previously or whether there will be an increase in availabilities as companies downsize or cease operations altogether. Regardless, vacancy relief was expected to materialize in 2021 when Reliance Properties delivers The Offices at Burrard Place, a 133,000-square-foot building. While the potential impact of COVID-19-related construction delays remains unknown, there are several significant developments still scheduled to follow in late 2021 with the delivery of 320 Granville Street, 601 West Hastings Street and Vancouver Centre II at 733 Seymour Street, which combined will offer more than 579,000 square feet of vacant and available space (as of Q1 2020).

As we look into 2022 and the first half of 2023 as developments such as The Stack at 1133 Melville and B6 at 1090 West Pender are delivered, the amount of uncommitted space increases to more than 700,000 square feet. It is important to note these totals do not include the backfill space coming back in existing buildings and assumes that construction remains on schedule.

When all this new inventory is delivered, where will vacancy land and what will be the impact on lease rates?

According to Avison Young’s downtown office forecast for 2023, vacancy will range from 1% in a high-growth scenario to 2.4% in an average growth scenario and up to 10.7% in a no-growth scenario. These scenarios will need to be updated in light of the current crisis as more data becomes available.

If vacancy continues to remain near record lows, developers will respond by continuing to build to meet demand.

However, there may be some hesitation from Vancouver office developers given how quickly the market turns due to COVID-19 containment measures. The end result, whether this occurs immediately, or in 2022/23 and beyond, is that overall market vacancy will rise, thus reducing upward pressure on rental rates and potentially lowering rental income as pockets of vacancy emerge, which will translate into a lower building valuations. Given the current office market dynamics in Metro Vancouver, it will be interesting to observe how investors respond over the next 12 to 24 months. ç Note: The spread of COVID-19 and the containment policies being introduced are changing rapidly, and some of the views expressed herein may not reflect the latest opinion of Avison Young.

Glenn Gardner is a principal with Alison Young, Vancouver, and a specialist in the office leasing sector across Metro Vancouver. Visit avisonyoung.com.

There may be some hesitation from Vancouver office developers given how quickly the market turns due to COVID-19 containment measures

BIV_OfficeSpace2020_40R.indd 22

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Cleaning up after

COVID-19 Office building managers need to rethink their workplace cleaning strategies - and budgets

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A massive clean-up is expected once the COVID-19 “curve” declines and B.C. office buildings, retail spaces and restaurants welcome staff and clients back • Prostock-studio/ Shutterstock

Hayley WoodIn

D

espite widespread concern about worker health and safety, and massive demand for sanitization products and personal protective equipment, some companies hired to keep offices and workplaces clean have seen business drop-off due to the spread of COVID-19 that closed many buildings in March.

That could change dramatically once B.C. health officials lift regulations as the pandemic “curve” declines.

“A lot of contracts have been temporarily suspended or they’ve done a reduction in service to just do the bare minimum to maintain their buildings,” explains Jasmine Chu, sales manager with JES Building Services and president of the BC Contract Cleaners Association. “I’m getting a lot of phone calls right now to just do disinfection.”

Understandably, offices that completely shifted over to remote work models during the pandemic may not have seen a need to maintain their regular cleaning schedule. Restaurants, bars and retail outfits that shut their operations entirely are in a similar situation – one that prioritizes cutting costs.

“I’m not 100% out, but from having 60 active accounts I’m down to 14 to 15 active accounts right now,” says Tony Varma, owner and operator of Castle Cleaning Services.

Many of his cleaning contracts were with restaurants, nightclubs and retailers.

“I’m losing money every single day because I can’t service those people over something that’s just totally blown out of proportion with a lot of hysteria and paranoia.”

Damian Stathonikos, president of the Building Owners and Managers Association of British Columbia (BOMA BC), says many owners and managers are working closely with service providers to ensure new needs are met.

“I think everyone realizes that we’re in a different type of environment now,” he says. “This has really taken things to another level. You’ve got people who have had pandemic plans in place but, really, have never had to implement them.”

Living and working through COVID-19 has building owners and managers around the world discussing what a return to work-as-usual might look like.

At the Guangzhou International Finance Centre, BOMA China executive director Dominic Lau shared during a BOMA Canada webinar that all building entrances are equipped with a handheld temperature scanner. The building’s heating, ventilation and air conditioning system is disinfected weekly. The number of people allowed in the building has been cut in half as social distancing measures remain in effect.

BIV_OfficeSpace2020_40R.indd 25

According to Lau, the International Finance Center’s back-to-work plan was formulated in January.

“Those things are pretty hard to do here in Canada because we don’t have the same kind of societal structure,” says Stathonikos. “I can’t imagine people patiently waiting two metres apart while you get your forehead scanned to go into your office building. So what are the lessons that we can learn?”

According to Chu, a good first step is for an employer or building manager to consult with their cleaning service provider, find out what kinds of chemicals and disinfectants they use and review their cleaning schedule.

“Oftentimes the janitorial budget for a company is the lowest budget. Office supplies have a higher budget than your janitorial needs most of the time,” she says.

“Us janitors and cleaners are your first line of defence besides your own self.”

Since the outbreak of COVID-19 in B.C., Chu says many clients have opened up more detailed discussions about their cleaning needs. She’s received calls asking if JES Building Services carries the kinds of chemicals that have been recommended by health and safety authorities.

“I think it’s great because people weren’t asking those questions before,” says Chu. “The whole conversation has changed.”

Essi Yeganegi, president of Jan-Pro Vancouver, believes the pandemic has already changed people’s perspectives on workplace cleaning protocols. He says a number of his customers have upped their cleaning frequency and are disinfecting their spaces on a weekly basis.

“Standard cleaning protocols don’t cut it in today’s environment,” he explains, adding that companies need to align their cleaning protocols with guidelines from the Centers for Disease Control and Prevention.

He says there are two key components to keeping workplaces clean: effectively removing the organic load – the soils and debris that viruses and bacteria need to thrive – and safely disinfecting surfaces.

“Do both in increased frequency. Every indication is that this will be a prolonged period, and businesses need to recognize that changes to cleaning protocols are required.” ç

The whole conversation has changed

Jasmine Chu President BC Contract Cleaners Association

2020-04-29 9:53 AM

26 | OFFICE SPACE 2020 published by Business in VAncouver

Brief

Victoria, Kelowna office markets tighten Greater Victoria’s 5.1% office vacancy rate is expected to tighten further this year, according to a report released in the fourth quarter of 2019. With 138,000 square feet under development in suburban markets and no new downtown inventory underway, demand is eating up supply, says Colliers International’s Victoria office report.

The completion of Capital Park Phase 2, by Concert Properties and Jawl Development, last year added more than 107,000 square feet of new offices downtown and helped push the vacancy rate to 4.7%, up from 3.7% a year earlier.

The downtown continues to see steady public sector growth with government expansions, relocations and new deals equating to stable absorption. Private and public sector activity balanced to 75% and 25%, respectfully, for the quarter.

The technology sector in Victoria also remains a pertinent factor in demand, Colliers noted.

The tech sector comprised approximately 25% of office leasing activity in 2019 and is anticipated to remain steady over 2020.

Current Class A office lease

rates (asking) averaged $27.50 per square foot in Q4 of 2019, up 7.8% from a year earlier, while prime Class AA space downtown is being priced from $32 per square foot.

The office vacancy rate in Kelowna has also tightened to 4%, but new developments could open the selection.

Construction of Landmark 7, the largest Class A office building in Kelowna’s midtown has begun and, once complete, will add 224,000 square feet of office space, Colliers notes.

The average net office lease rates in Kelowna declined slightly as of year-end 2019, dropping from $17.86 per square foot to $16.29 from the third quarter.

Kelowna’s growing tech sector remains a strong factor in keeping demand for office space on pace, according to Colliers.

The second largest office project under construction is Mission Group’s Bernard Block that is set to add 80,000 square feet of Class A office space in Kelowna’s downtown.

Note: 2020 projections in both markets were made prior to the COVID-19 pandemic.

Capital Park Phase 2 in Victoria • Jawl Development

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Biggest security companies in B.C.

Biggest SECURITY companies RANKED BY | Total number of employees in B.C. in B.C. Ranked by | Total number of employees in B.C.

Rank Company '20

1 2 3 4 5 6 7 8 8 10 11 12 13 14 15 16 17 18 19 20

Services offered

Top local executive(s)

Year founded

No. B.C. staff '20/'19

Paladin Security Group 3001 Wayburne Dr Suite 201, Burnaby V5G 4W3 P: 604-677-8700 F: 604-677-8701 paladinsecurity.com Commissionaires 595 Howe St Suite 600, Vancouver V6C 2T5 P: 604-646-3330 F: 604-681-9864 commissionaires.bc.ca Securiguard Services Ltd 1445 Georgia St W Suite 400, Vancouver V6G 2T3 P: 604-685-6011 F: 604-685-0013 securiguard.com GardaWorld 3185 Willingdon Green Suite 202, Burnaby V5G 4P3 P: 604-717-5580 F: 604-739-6623 garda.com GuardTeck Security Co 4664 Lougheed Hwy Suite 202, Burnaby V5C 5T5 P: 778-379-9000 F: 778-379-9001 guardteck.com

Security officers, mobile patrols, home alarms, K-9 patrol, access control, closed-circuit television, perimeter protection, remote video monitoring

Ashley Cooper, CEO, Ted Reid, president and CFO

1976

4,425 4,403

Premier guard services, patrol services, integrated security solutions, bylaw enforcement, non-core police services, training, fingerprinting services, background checks

Chris Mitchell, CEO, Commissionaires BC (mainland), 1927 Gary Paulson, CEO, Commissionaires VIY (Victoria, the Islands and Yukon) Darcy Kernaghan, president and CEO 1974

2,271 2,119

Steve Hoffman, vice-president, Pacific region, Gabriel 1995 Karesa, regional general manager

1,400 1,295 1,260 883

Houle Electric Ltd 5050 North Fraser Way, Burnaby V5J 0H1 P: 604-434-2681 F: 604-434-0480 houle.ca Genesis Security Group 550 Broadway W Suite 321, Vancouver V5Z 0E9 P: 604-669-0822 F: 604-669-0832 genesissecurity.com Footprints Security 4890 Rutherford Rd Suite 3A, Nanaimo V9T 4Z4 P: 250-753-6944 F: 250-756-9598 footprintssecurity.com Securitas Canada 5172 Kingsway Suite 270, Burnaby V5H 2E8 P: 604-454-3600 F: 604-454-3601 securitas.ca Fusion Security Inc 4321 Still Creek Dr Suite 160, Burnaby V5C 6S7 P: 604-647-6470 F: 604-647-6476 fusionsecurity.ca Polo Security Services Ltd 7251 Fraser St, Vancouver V5X 3V8 P: 604-321-4046 F: 604-321-4045 polosecurity.com Premier Security Inc 1055 Broadway W Suite 603, Vancouver V6H 1E2 P: 604-739-1893 F: 604-739-8859 premiersecurityinc.com Westguard Security Services (1986) Ltd 1445 Georgia St W Suite 300, Vancouver V6G 2T3 P: 604-685-6227 F: 604-685-6032 westguard.com Tyco Integrated Fire & Security 1485 Lindsey Pl, Delta V3M 6V1 P: 604-515-8872 F: 604-519-1477 tycoifs.ca Secured Security Group 355 Burrard St Suite 1000, Vancouver V6C 2G8 P: 604-385-1555 F: 604-239-0251 securedsecurity.com Provident Security Corp 2309 41st Ave W, Vancouver V6M 2A3 P: 604-664-1087 F: NP providentsecurity.ca Cobra I-Logiq Security 4427 Dawson St, Burnaby V5C 4B8 P: 604-664-7671 F: 604-664-7673 cissecurity.ca ILPS (International Loss Prevention Systems) 10304C 120 St, Surrey V3V 4G1 P: 604-588-0880 F: 604-588-0804 ilps.com Acme Protective Systems Ltd 1632 6th Ave W, Vancouver V6J 1R3 P: 604-731-8204 F: 604-738-0140 acmeprotective.com Covert Security Solutions Inc 7952 Graham Ave, Burnaby V3N 1V9 P: 604-638-2676 F: 604-638-7050 covertsecurity.ca

Seth Fruson, president and CEO, Shaun Wilson, vice- 2005 president, client relations, Jason Tam, vice-president, finance, Chris Gerela, CEO, Melvin Cardoza, vicepresident, human resources Chuck Phillips, president and CEO, Ken Bitschy, 1944 executive vice-president, Lori Podnevar, CFO

Access control, analytics, apartment entry solutions, automation, intercom systems, intrusion detection, licence plate recognition, nurse call and code alarms, people counting, real-time locating system, video monitoring and visual alarm verification, wander prevention Full security services; guard services; event, site and mobile patrol security; alarm security Camil Dubuc, CEO systems for commercial and residential; 24-7 free community patrol; training academy

Sources: Interviews with above firms and BIV research. Other companies may have ranked but did not provide information by deadline. NP Not provided 1 - 2019 figure 2 - BIV estimate

BIV_OfficeSpace2020_40R.indd 27

Integrated security solutions, security officers, K-9, mobile, loss prevention, executive protection Cash logistics, physical security, mobile patrol, national clients, oil and gas, marine security, close protection, alarm response, concierge services, parking patrol, financial institution security, high-profile office tower security Security services for commercial towers, retail centres, educational and government facilities as well as mobile patrol, event security and other specialized services

2,049 1,958

996 921

1997

600 600

1980

450 375

End-to-end security services including on-site guarding, remote guarding and mobile NP 1899 guarding; also offers security systems and technology, as well as security consulting and investigations Security manpower and security mobile services, electronic access control, intrusion detection Bruce Marginson, president, Harry Stausgaard, vice- 2005 system, closed-circuit television, monitoring, consulting, private investigations president

450 460

Mobile patrol fleet and uniform guard service throughout Vancouver Island

Simon Collery, president and managing director, Adrian Collery, vice-president, Rob Kenney, CFO

425 350

Uniformed guard services, mobile inspection, alarm response, concierge services, investigation and surveillance, risk assessment, emergency procedure development

Ram Gopal, manager

1998

348 330

Physical and electronic security coverage, verified alarm technology, monitoring and rapid response systems, professionally accredited and licensed security guards and concierge

Mathew Parker, president

1988

3111 311

Professional, unionized, uniformed security officers including foot, bike, mobile, loss prevention, K-9 and executive protection

Darcy Kernaghan, president and CEO

1986

300 325

1879

2002 200

2008

1941 194

Michael Jagger, president

1996

190 190

Scott Knutsen, CTO, Anik Gagnon, CFO

1992

1002 NP

1988

65 59

1930

602 62

2005

101 10

Security systems design, installation and monitoring, response operations, central alarm NP monitoring including emergency call centre, special hazards and emergency communications solutions and services Security manpower and security mobile patrol services, investigations, parking enforcement, Bal Jouhal, president and CEO landscaping, janitorial, snow removal, tailored facilities and property management services Full-service security firm offering installation, alarm and video monitoring, guaranteed fiveminute alarm response to residential, commercial and industrial clients; branch office in Whistler Commercial integrated security solutions: access control, video surveillance, burglary

Security cameras, electronic security tags, undercover store detectives, uniformed guards, Ian Abramson, president and CEO access control systems, burglar alarms, investigations, pre-employment honesty screening, loss-prevention staff training, specialized training and seminars, risk assessments Intrusion, environmental, access control, camera/video verification systems for commercial/ Phil Graham Jr, COO residential clients; ULC station provides monitoring for all system types including high-risk intrusion and fire Installs and services security systems, home automation, lighting controls, surveillance Arvind Singh Dhillon, CEO, Jasdeep Litt, COO cameras, intercom systems, central vacuum

Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Researched by Anna Liczmanska, lists@biv.com.

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28 | OFFICE SPACE 2020 published by Business in VAncouver

Biggest commercial property managers in B.C.

BIGGEST COMMERCIAL PROPERTY MANAGERS IN B.C. RANKED BY | Total commercial square footage managed in B.C. Ranked by | Total commercial square footage managed in B.C.

Rank Company '20

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Beedie 3030 Gilmore Diversion, Burnaby V5G 3B4 P: 604-435-3321 F: 604-432-7349 beedie.ca Colliers International 200 Granville St Suite 1900, Vancouver V6C 2R6 P: 604-681-4111 F: 604-681-2911 collierscanada.com BentallGreenOak (Canada) LP 1055 Dunsmuir St Suite 1800, Vancouver V7X 1B1 P: 604-661-5000 F: 604-661-5055 bentallgreenoak.com Warrington PCI Management 1030 Georgia St W Suite 300, Vancouver V6E 2Y3 P: 604-602-1887 F: 604-688-2328 warringtonpci.com QuadReal Property Group 666 Burrard St Suite 800, Vancouver V6C 2X8 P: 604-975-9500 F: NP quadreal.com SDM Realty Advisors Ltd 1040 Georgia St W Suite 1850, Vancouver V6E 4H1 P: 604-688-5658 F: 604-688-5669 GWL Realty Advisors Inc 650 Georgia St W Suite 1600, Vancouver V6B 4N7 P: 604-713-6450 F: 604-683-3264 gwlrealtyadvisors.com Cadillac Fairview Corp Ltd 609 Granville St Suite 410, Vancouver V7Y 1E8 P: 604-688-7236 F: 604-630-5323 cadillacfairview.com Ivanhoé Cambridge Inc 1476 8th Ave W, Suite 300, Vancouver V6H 1E1 P: 604-263-2672 F: NP ivanhoecambridge.com Canreal Management Corp 808 Nelson St Suite 409, Vancouver V6Z 2H2 P: 604-688-8851 F: 604-684-8228 canreal.com Avison Young Property Management (B.C.) Inc 1055 Georgia St W Suite 2900, Vancouver V6E 3P3 P: 604-687-7331 F: 604-687-0031 avisonyoung.com Anthem Properties Group Ltd 1055 Dunsmuir St Suite 1100, Vancouver V7X 1K8 P: 604-689-3040 F: NP anthemproperties.com Transpacific Realty Advisors 4300 North Fraser Way Unit 203, Burnaby V5J 0B3 P: 604-873-8591 F: 604-873-8876 transpacificrealty.com Morguard 969 Robson St Suite 320, Vancouver V6Z 2V7 P: 604-681-9474 F: 604-685-0161 morguard.com SmartCentres 11120 Horseshoe Way Suite 201, Richmond V7A 5H7 P: 604-448-9112 F: 604-448-9114 smartcentres.com Martello Property Services Inc 808 Hastings St W Suite 200, Vancouver V6C 2X4 P: 604-681-6544 F: 604-681-5114 martello.group Oxford Properties Group 1021 Hastings St W Suite 1280, Vancouver V6E 0C3 P: 604-893-3200 F: 604-893-3294 oxfordproperties.com Concert Real Estate Corp 1190 Hornby St 8th floor, Vancouver V6Z 2K5 P: 604-688-9460 F: 604-688-6882 concertproperties.com

Top local manager(s)

Partial list of properties managed

Head office/ Managed sq. ft.

Year founded Industrial/ Office/ Retail

Total comm. sq. ft. managed '20/'19

NP

Burnaby 1954

11.85 million/ 11.05 million

11.7 million 0 185,562 Lesley Heieis, vice-president NP Vancouver 1.1 million 1898 5.2 million 4.7 million Tony Astles, managing partner, head of Canadian real estate NP Vancouver 3.2 million services 1911 2.7 million 4.1 million Adam Spear, president, Lorna Park, senior vice-president, Telus Garden, Royal Centre, 858 Beatty Street, Caulfeild Village, Cottonwood Vancouver 1.3 million property management Mall 2004 4 million 2.4 million Remco Daal, president, Canadian real estate 745 Thurlow, 777 Hornby, Park Place, Commerce Place, Broadway Tech Vancouver 2.5 million Centre, Oakridge Centre, Willowbrook Mall 2016 2.7 million 2.2 million Dale Mumford, Stephen Duyvewaardt, principals 1040 West Georgia, 1090 West Georgia, 1500 West Georgia, Canada Way Vancouver 3.1 million Business Park, Annacis Business Park 1994 2.9 million 1.1 million Beth Breasail, vice-president, asset management Vancouver Centre, 1188 West Georgia Street, Delta iPort, Central Park Power Winnipeg, 1.9 million Centre, Westbank Hub Man. 2.5 million 1891 1.7 million Tom Knoepfel, senior vice-president and portfolio manager CF Pacific Centre, Waterfront Properties, CF Richmond Centre, 885 West Toronto, 0 Georgia St, 700 West Georgia Street, 725 Granville Street Ont. 3.3 million 1968 1.9 million Charles Champagne, vice-president, operations Guildford Town Centre, Mayfair Shopping Centre, Tsawwassen Mills, Montreal, 0 Woodgrove Centre Que. 0 1953 5.2 million Raymond Bergen, president NP Vancouver 3.4 million 1979 202,368 1.2 million Aaron Burry, principal and practice leader of property Industrial Alliance Portfolio, MetroTower I&II, Viking Way Business Center, Toronto, 1.7 million management, B.C. IntraUrban Rivershore, Killarney Center, Ackroyd Plaza Ont. 1.9 million 2014 760,185 Eric Carlson, CEO NP Vancouver 152,251 1991 550,787 3.3 million Rod Fram, president, Shirleen Weng, controller, Josephine NP Burnaby 2.1 million Chi, senior property manager, team lead 1972 787,500 997,500 Tom Johnston, senior vice-president, asset and property 111 Dunsmuir, Robson Central, Chancery Place, Coquitlam Centre, Marine Toronto, Ont 1.1 million management, Western Canada , Michael Walker, regional Drive Industrial Buildings, Shelbourne Plaza, Colebrook Business Centre 1973 727,749 general manager, B.C. commercial industrial division 2.1 million Mauro J Padula, vice-president, leasing, western region NP Vaughan, 0 Ont 0 NP 3.6 million Wayne Smithies, president, Warren Smithies, senior vice- NP Vancouver 1.2 million president 1988 750,000 1 million Ted Mildon, director, office leasing, Drew Gilbertson, NP Toronto, 1.1 million director, Vancouver industrial , Jesse Hague, director, real Ont. 1.4 million estate management 1960 40,815 Brian McCauley, president and CEO, John McLaughlin, CFO NP Vancouver 1.5 million 1989 643,100 31,591

Sources: Interviews with above firms and BIV research. Other firms may have ranked but did not provide information by deadline. NP Not provided

Valley All–Door Distributing Ltd. Celebrating 44 Years of Apartment Security Gate Service Phone: 604.533.4121 Fax: 604-533-4632 Email: valleyalldoor@telus.net

BIV_OfficeSpace2020_40R.indd 28

11.03 million/ 10.85 million 9.98 million/ 10.72 million 7.68 million/ 8.2 million 7.38 million/ 7.67 million 7.13 million/ 6.53 million 6.13 million/ 6.51 million 5.25 million/ 5.25 million 5.16 million/ 5.35 million 4.73 million/ 4.51 million 4.36 million/ 4.36 million 4.04 million/ 3.61 million 3.89 million/ 3.89 million 3.87 million/ 3.9 million 3.63 million/ 4.31 million 2.95 million/ 3.14 million 2.61 million/ 2.82 million 2.14 million/ 2.13 million

Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Researched by Anna Liczmanska, lists@biv.com.

• • • •

Apartment security gates Service and inspection contracts Installation of radio control entry systems 24 hour emergency service

2020-04-29 9:53 AM

| 29

Biggest commercial real estate brokerages

BIGGEST COMMERCIAL ESTATE BROKERAGES IN B.C. RANKED BY | Number of B.C.-licensedREAL commercial agents in 2020 Ranked by | Number of B.C.-licensed commercial agents in 2019

Rank Company '20

1 2 3 4 5 6 7 8 9 10 11 12 13 14 14

Colliers International 200 Granville St Suite 1900, Vancouver V6C 2R6 Re/Max Commercial 1060 Manhattan Dr Suite 340, Kelowna V1Y 9X9 CBRE Ltd 1021 Hastings St W Suite 2500, Vancouver V6E 0C3 Cushman & Wakefield ULC 700 Georgia St W Suite 700, Vancouver V7Y 1A1 Avison Young 1055 Georgia St W Suite 2900, Vancouver V6E 3P3 NAI Commercial 1075 Georgia St W Suite 1300, Vancouver V6E 3C9 Macdonald Commercial Real Estate Services Ltd 1827 5th Ave W, Vancouver V6J 1P5 JLL 510 Georgia St W Suite 2150, Vancouver V6B 0M3 Lee & Associates Vancouver 475 Georgia St W Suite 800, Vancouver V6B 4M9 William Wright Commercial Real Estate Services 605 Robson St Suite 403, Vancouver V6B 5J3 Devencore 555 Burrard St Suite 1155 Box 260, Vancouver V7X 1M8 Marcus & Millichap Inc 333 Seymour St Suite 1280, Vancouver V6B 5A6 London Pacific Property Agents Inc 3660 Charles St, Vancouver V5K 5A9 Frontline Real Estate Services Ltd 8621 201 St Suite 160, Langley V2Y 0G9 Klein Group, Royal LePage Commercial 345 Robson St Suite 204, Vancouver V6B 6B3

Phone Website

Top executive(s)

Year founded

604-681-4111 collierscanada.com 250-860-3628 remaxcommercial.ca 604-662-3000 cbre.ca/vancouver 604-683-3111 cushwake.com 604-687-7331 avisonyoung.com 604-683-7535 naibc.ca 604-736-5611 macdonaldcommercial.com 604-998-6001 jll.ca 604-684-7117 leevancouver.com 604-428-5255 williamwright.ca 604-681-3334 devencore.com 604-638-2121 form.ca/marcusmillichap.ca 604-420-2600 londonpacific.ca 604-687-8300 flre.ca 604-684-8844 kleingroup.com

Maury Dubuque, senior managing director, Synthia Kloot, senior vice-president, operations, Canada, David 1898 Bowden, CEO, Canada Derek Thorvaldson, director 1982

110

Jason Kiselbach, senior vice-president and managing director

80

NP

No. commercial agents '20 164

Hendrik Zessel, executive managing director and western Canada leader

1913

75

Michael Keenan, managing director, Vancouver

1978

70

Rob DesBrisay, managing partner, B.C.

1981

68

Tony Letvinchuk, managing director

1996

42

Ray Ahrens, executive vice-president, Gavin Reynolds, executive vice-president, Stella Xu, managing broker 2011

28

Scott Primrose, partner

1968

25

Cory Wright, managing director

2012

24

Jon Bishop, president, western region, Janet Patricelli, vice-president and managing broker

1972

18

David Morris, senior managing director, Jon Buckley, managing broker, Derick Fluker, managing broker, Jack Allpress, senior managing director, investments Keath Williams, president and managing broker, Ben Williams, senior broker, land development and investment properties, Erin Williams, business development and community relations Justin Mitchell, partner, Todd Bohn, partner, Derek Senft, partner

2010

15

1986

12

2009

10

Eugen Klein, principal

1997

10

Sources: Interviews with above companies, information from the Real Estate Council of BC and BIV research. NP Not provided

Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Researched by Anna Liczmanska, lists@biv.com.

Tel: 604.299.4455 Fax: 604.299.4453 info@cityelevator.ca

Providing office space in some of Vancouver’s finest heritage buildings.

604-683-7571

BIV_OfficeSpace2020_40R.indd 29

City Elevator Ltd. 3657 Wayburne Drive Burnaby, BC V5G 3L1

MAINTENANCE • MODERNIZATIONS • REPAIRS

www.cityelevator.ca

2020-04-29 9:53 AM

30 | OFFICE SPACE 2020 published by Business in VAncouver

Office building directory Inventory of office space over 20,000 square feet WEST VANCOUVER nad

NORTH VANCOUVER aH wy

India n Ar m

Trans-C a

Burrard Inlet

PORT MOODY

VANCOUVER CENTRAL BUSINESS DISTRICT NORTH

VANCOUVER CENTRAL BUSINESS DISTRICT SOUTH English Bay

Barnet

Hasting

s Nanaimo

UBC

Hwy

SFU

Lou

ghe

ed

Hw

y

VANCOUVER BROADWAY COQUITLAM

gsw

Cambie

ay

BURNABY Lougheed

41st Ave

iver a nad

wy

Rive r

H

Frase r

rR se

PORT COQUITLAM

a s-C

Marine Dr

North A rm

NEW WESTMINSTER

Hwy

n Tra

Boundary Rd

49th Ave

Fra

Oak

Granville

Dunbar

VANCOUVER

Kin

Richmond Fwy Fra

Strait of Georgia

Westminster Hwy

se

RICHMOND iver er R

Hwy 91

S ou th Ar

SURREY

DELTA YUKON

NORTHWEST TERRITORIES

ALASKA

HAIDA GWAII

wy

King George Hwy

m

s Fra

rH

Hwy 10

Hwy 99

ALBERTA

BRITISH COLUMBIA

VANCOUVER ISLAND VANCOUVER VICTORIA SEATTLE

WASHINGTON

Boundary Bay

WHITE ROCK

BRITISH COLUMBIA, CANADA WASHINGTON, U.S.

BIV_OfficeSpace2020_40R.indd 30

2020-04-29 9:53 AM

| 31

Office building directory number of storeys, the square footage of the office and retail components and parking details.

When applicable, Buidling Owners and Managers Association of BC (BOMA BC) members have been identified with a bullet in the right-hand column.

Prior to publication, survey forms were emailed to building owners and managers for verification.

Business in Vancouver Media Group is unable to guarantee, and does not guarantee, the accuracy of all the

information supplied. Only buildings with more than 20,000 square feet of office space have been listed.

Every effort has been made to include all office buildings in the Vancouver region that have 20,000 square feet of office space or more. If your building ha s been lef t out, plea se send this information to Office Space, c/o Business in Vancouver, 303 5th Avenue West, Vancouver, B.C . V5Y 1J6, 604-688-2398, fax 604-688-6058.

at i

ng

ra te er

va te

re

• • •

256,640 21 205,055 14

525 156

1967 1985

2003 2003

n/a n/a

$24 $21.32

• •

n/a 6,598 13,846 18,775

577,796 174,684 473,505 596,389

975 1,057 1,057 560

2002 1969 1974 1984

2007 2003 1994 2002

n/a n/a n/a n/a

$20.04 $22.33 $23.25 n/a

• • • •

70,500 210,000

n/a n/a

70,500 7 210,000 6

40 160

1960 1986

2005 2000

n/a $35

$18.12 $20

•

M–Anthem Properties/Traci Lovell 604-488-3607/​L–Anthem Properties/Ryan Hall 604-235-3174 M–Cadillac Fairview 604-646-8021/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Morguard Investments 604-681-9474/​L–Morguard Investments/Michael Walker 604-602-6455 M–Cadillac Fairview 604-630-5308/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–West Pender Property Group/Mike Rushford 604-638-0331/​ L–West Pender Property Group/Colin Murray 604-638-0327 M–Manulife Real Estate/Mike Maughan 604-235-1645/​ L–Manulifa Real Estate/Jaclyn Murphy 604-378-1528 M–Hudson Pacific Properties 778-328 5960/​L–Hudson Pacific Properties/David Haugen 778-328-5964 L–Quadreal Property Group/Jeff Rank 604-975-9623 M–Allied Properties REIT 416-977-9002 M–Oxford Properties/Dean De Sousa 604-893-3204/​L–Oxford Properties/Anna Lam 604-893-3207

91,950 83,047 218,416 264,177 100,462

n/a n/a 3,719 n/a 7,260

102,472 83,047 222,135 264,177 107,722

6 5 13 19 10

117 173 242 398 16

1912 1913 1994 1990 1970

n/a 1980 n/a 2005 n/a

$30 n/a n/a n/a $24

$15.30 $18.58 $18.62 $25.51 $17.07

• • • • •

108,450

4,632

113,082 15

120

1991

n/a

n/a

n/a

•

531,078 574,762 367,000 267,296

14,779 185,000 n/a 1,780

545,857 759,762 367,000 269,076

475 1981 2022 n/a 2020 298 1985

1998 n/a n/a 2018

n/a $20 n/a $45

$22.38 n/a n/a $27.06

• • • •

475 Georgia St W/BC Turf Bldg

M–Austeville Properties 604-216-5517/​L–Colliers/John Freyvogel 604-661-0806

103,361

n/a

103,361 10

90

1974

n/a

$33.50

$20.95

•

510 Georgia St W/Telus Garden 555 Georgia St W/The Randall Bldg

M–Warrington PCI 604-331-5260/​L–JLL/Mark Chambers 604-998-6005 L–JLL/Andrew Astles 604-998-6045

477,185 30,000

n/a 10,000

477,185 24 40,000 7

280

2015 1928

n/a 1990

n/a $32

n/a $16.50

•

387,426

86,697

474,123 34

473

1977

2015

n/a

$23.58

•

470,586 216,277 364,713 322,914 207,095 195,102

n/a n/a 18,182 8,616 n/a 8,648

470,586 216,277 382,895 331,965 250,000 210,950

1,975 145 450 351 158 324

1972 1975 1986 1991 1957 1985

2004 2010 n/a 2008 1990 n/a

n/a n/a n/a $40 n/a n/a

$22.36 $24.86 $23 $22.63 $20.93 $25.19

• • • • • •

240,455 205,055

16,185 n/a

577,796 168,086 459,659 577,614

m

st

ye

bu

ng

ar

bo

16 4 6 6 10 6 6 21 22 21

la

192,814 36,899 42,655 33,000 45,800 39,487 59,500 394,155 169,130 226,749

ki

ey or st

to

ta i re

fic of

25,464 n/a n/a 5,300 9,900 n/a n/a 29,158 23,403 15,734

a

av co er a st ge

ge av e

$22.21 n/a $13.83 $14.08 $15 $16.38 $11.18 $25.20 $25.92 n/a

167,350 36,899 42,655 27,700 35,900 32,908 54,000 365,177 145,727 211,015

ra

ye

n/a $28 n/a $30 n/a n/a $25 n/a $45 n/a

s

1999 1996 n/a n/a 2013 1989 1985 n/a 2014 n/a

ta l

607 280 146

1979 1970 1979 1920 1909 1914 1910 1990 1930 1985

ls

144 36 34

e

pa r

ar

ilt

re

st al

nt al

ls

no

et fe re ua

sq

qu

ua

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

sq

Address/Building name

ar

re

e

fe

fe

et

et

d

Refer to the large map (page 30) for the general location of properties. Areas on the map are colour-coded to match the corresponding areas in the directory.

Office buildings are listed by their street addresses within districts and suburbs. In each listing, when available, names and telephone numbers of the building managers have been included. Other listed information includes the date the building was constructed, the date of the most recent renovation, the

op

How to use the office listings

Vancouver Downtown North 1166 Alberni St 1444 Alberni St 190 Alexander St/Harbourview 560 Beatty St 564 Beatty St 780 Beatty St 788 Beatty St 200 Burrard St/Waterfront Centre 355 Burrard St/The Marine Bldg 400 Burrard St/Commerce Place 505 Burrard St/Bentall One 510 Burrard St 550 Burrard St/Bentall Five 555 Burrard St/Bentall Two 595 Burrard St/Bentall Three 666 Burrard St/Park Place 750 Cambie St/Centennial Bldg 999 Canada Pl/ World Trade Centre Office Complex 425 Carrall St/Old BC Electric Bldg 601 Cordova St W/The Station 111 Dunsmuir St/AMEC Bldg 777 Dunsmuir St/Pacific Centre Tower IV 885 Dunsmuir St 888 Dunsmuir St/ XCHANGE Conference Centre 1055 Dunsmuir St/Bentall Four 349 Georgia St W/The Post - North Tower 400 Georgia St W/Deloitte Summit 401 Georgia St W

650 Georgia St W/Vancouver Centre

M–Peterson Commercial 604-689-0603/​L–Peterson Commercial/Patty Willetts 604-669-5203 M–Pacific Asset Management/​L–Cushman & Wakefield/David Mackay 604-639-9355 M–Anthem Properties/Traci Lovell 604-488-3607/​L–Anthem Properties/Ryan Hall 604-235-3174 M–Cowan Properties 604-834-3545/​L–Corbel Commercial/Robert Tham/Marc Saul 604-609-0882 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran 604-683-2404 L–Peal Management/Leo Poulos 604-734-3400 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran M–Cadillac Fairview 604-646-8020/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Oxford Properties/Erin Solomon 604-893-3200/​L–Oxford Properties/Anna Lam 604-893-3207 M–QuadReal Property Group/Frank Vecchio 604-975-9671/​ L–QuadReal Property Group/Maureen Neilly 604-975-9764 M–Hudson Pacific Properties 778-328 5960/​L–Hudson Pacific Properties/David Haugen 778-328-5964 M–Manulife Financial/Kathy Ireland 604-438-2302/​ L–Manulife Financial/Jaclyn Murphy 604-378-1528 M–BentallGreenOak 604-661-5056/​L–BentallGreenOak/Jeff Lim 604-661-5619 M–Huson Pacific Properties 778-328 5960/​L–Hudson Pacific Properties/David Haugen 778-328-5964 M–Hudson Pacific Properties 778-328 5960/​L–Hudson Pacific Properties/David Haugen 778-328-5964 M–QuadReal Property Group/Frank Vecchio 604-975-9671/​ L–QuadReal Property Group/Maureen Neilly 604-975-9764 M–Peterson Commercial 604-669-5204/​L–Peterson Commercial/Patty Willetts 604-699-5203 M–Ocean Pacific Management 604-682-7391/​L–Colliers/John Freyvogel/Rob Chasmar 604-661-0806

M–GWL Realty Advisors/Carol Onstein 604-713-6481/​ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 700 Georgia St W/TD Tower (Pacific Centre) M–Cadillac Fairview 604-630-5308/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 701 Georgia St W M–Cadillac Fairview 604-630-5308/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 885 Georgia St W/HSBC Bldg M–Cadillac Fairview 604-630-5308/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 925 Georgia St W/Cathedral Place M–Shon Group Realty 604-669-3312/​L–Shon Group Realty/Wayne Beattie 604-684-0925 1030 Georgia St W/Burrard Bldg M–Warrington PCI/Deryk Brower 604-331-5232/​L–CBRE/Eli Applebaum/Bill Coulter 604-662-3000 1040 Georgia St W/The Grosvenor Bldg M–SDM Realty Advisors/Dale Mumford 778-383-6273/​ L–SDM Realty Advisors/Stephen Duyvewaardt 778-383-6272

BIV_OfficeSpace2020_40R.indd 31

33 18 32 35

35 22 24 22

30 18 24 23 19 22

6

• •

2020-04-29 9:53 AM

BIG CO RE BRO B.C

32 | OFFICE SPACE 2020 published by Business in VAncouver

at i

ng

ra te er

a m

av co er a st ge

op

va te

re ge

ar ye st

ra

ilt

re

st al

bu

1973

2015

$43

$25

•

360,000 26

236

1968

2002

n/a

$21.80

•

1090 Georgia St W

M–SDM Realty Advisors/Dale Mumford 778-383-6273/​ L–SDM Realty Advisors/Jeff Toews 778-383-6280

140,501

4,682

145,183 16

69

1987

2013

n/a

$20.88

•

1111 Georgia St W/FortisBC Centre 1185 Georgia St W 1188 Georgia St W

M–TA Management/Lee Medd 604-683-1628/​L–CBRE/Bill Coulter 604-662-5131 M–Choice Properties REIT/Ryan Swire 604-683-1185/​L–CBRE/Geoff Donelly 604-662-5130 M–GWL Realty Advisors/Stephanie Davies 604-713-7724/​ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 L–Cushman & Wakefield/David Mackay 604-639-9355 L–Cushman & Wakefield/David Mackay 604-639-9355 M–SDM Realty Advisors 604-688-5658/​L–Bosa Commercial/Darrell Hurst 604-412-0464 M–Arpeg Group 604-685-1521/​L–Avison Young/Matt Walker/Glenn Gardner 604-687-7331 M–Cadillac Fairview 604-646-8021/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Bosa Development 604-294-2742/​L–Bosa Development/Hillary Turnbull 604-294-0666 L–Colliers/Derek May/Devin Ringham 604-661-0837 M–Equitable Real Estate 604-683-7571/​L–Equitable Real Estate/Sarah Forseth M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran M–Cadillac Fairview 604-688-7236/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Cadillac Fairview 604-630-5308/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307 M–Equitable Real Estate 604-683-7571/​L–Equitable Real Estate/Sarah Forseth M–Allied Properties REIT/​L–Allied Properties REIT/Vanessa Fraser 587-779-7452 M–West Pender Property Group/Mike Rushford 604-638-0331/​ L–West Pender Property Group/Colin Murray 604-638-0327 M–Aquilini Properties 604-687-8813/​L–Aquilini Properties LP/Drew Hardisty 604-909-7943 M–Polaris Realty 604-689-7304/​L–Colliers/John Freyvogel 604-661-0806 M–PCI Development/​L–JLL/Mark Chambers 604-998-6005 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran 604-683-2404 M–Pacific Dawn Management 604-683-8843/​L–Colliers/Derek May/John Freyvogel 604-661-0837 M–UPG Uptown Property Group/Mark Mankiewicz 604-688-7960/​ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran 604-683-2404 M–West Pender Property Group/Mike Rushford 604-638-0331/​ L–West Pender Property Group/Colin Murray 604-638-0327 M–Bosa Properties/​L–Bosa Properties/Darrell Hurst 604-412-0464 M–Triovest Realty Advisors 604-642-4501/​L–Triovest Realty Advisors/Loretta Roth 604-642-4504 M–UPG Uptown Property Group/Mark Mankiewicz 604-688-7960/​ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–Polaris Realty 604-684-4221/​L–Colliers/John Freyvogel 604-661-0806 M–Oxford Properties/Fariche Alleyne 604-893-3247/​ L–Oxford Properties/Andrew Dickson 604-893-3257 M–Oxford Properties/Fariche Alleyne 604-893-3247/​ L–Oxford Properties/Andrew Dickson 604-893-3257 M–Oxford Properties/Erinn Solomon 604-893-3200/​ L–Oxford Properties/Andrew Dickson 604-893-3257 M–Golden Properties/Angela Wong 604 689 1721/​L–Avison Young/Matthew Craig 604-647-5076 M–Golden Properties 604-689-1721/​L–Avison Young/Matthew Craig 604-647-5076 M–Wicklow West 604-689-5050/​L–Wicklow West/Jason Sanders M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran M–West Pender Property Group/Mike Rushford 604-638-0331/​ L–West Pender Property Group/Colin Murray 604-638-0327 M–QuadReal Property Group/​L–QuadReal Property Group/Brent Lee 778-554-3520 M–Cadillac Fairview 604-646-8020/​L–Cadillac Fairview/Lou Ficocelli 604-630-5307

316,512 146,846 199,979

9,340 18,964 4,594

349,010 24 165,810 16 204,573 21

394 155 59

1992 1985 1980

2003 1992 1997

n/a n/a n/a

$22.16 $17.25 $21.09

•

72,257 31,853 193,067 44,663 381,644 355,000 195,956 98,324 56,336 284,170 300,000 84,733 38,512 36,365

n/a n/a n/a 4,380 n/a n/a 15,142 17,236 n/a n/a 48,000 6,309 n/a 8,460

84,640 31,853 193,067 49,043 386,601 355,000 211,098 115,560 n/a 284,170 348,000 91,042 38,512 44,825

10 8 20 26 28 30 17 12 5 24 7 16 6 5

74 11 137

1959 1969 1978 2020 460 1973 n/a 64 1961 1911 1959 1,575 1981 2015 1912 2017 1899

2006 2005 2003 n/a 2012 n/a 1988 2018 2000 2005 n/a 2008 n/a 2008

n/a $36 $27 n/a n/a n/a $30 n/a n/a n/a n/a n/a n/a n/a

$18.22 $17.25 $23.71 $20 $25.20 n/a $18.60 $15.08 n/a n/a $21.28 $17.59 n/a $17.06

115,128 249,707 225,000 65,000 27,483 108,630

n/a 50,595 n/a n/a n/a n/a

115,128 323,707 225,000 74,204 27,483 108,630

15 28 25 8 11 16

1913 1977 2015 1956 1982 1930

1989 2005 n/a 2003 n/a 2016

$25 n/a n/a n/a $30 n/a

$13 $21.33 $21.50 $15.39 $16.85 n/a

•

67,500 100,015

5,000 9,560

72,500 8 109,575 10

1910 1976

1990 1989

$26 $27

$15.27 $17.54

•

57,784 60,620 97,096

7,665 4,418 5,370

69,665 28 65,038 10 102,466 14

32

2011 1914 1966

n/a 1992 2009

n/a n/a n/a

$23.45 $21.69 n/a

• • •

203,219 271,260

n/a n/a

203,219 19 271,260 35

120 280

1981 2014

2003 n/a

n/a $61

$21.95 $23.48

• •

252,339

3,858

256,373 25

277

1969

2014

$50

$25.41

•

331,128

n/a

345,468 26

180

1977

2005

$52

$24.18

•

94,866 265,060 63,936 41,255 53,385

n/a n/a n/a n/a 2,716

107,459 265,060 63,936 50,000 56,101

250 600

1996 2009 1993 1999 2000

$26 $35 n/a $25 $28

$21.62 $23 $18.11 $12.92 $18.70

• •

32

1966 1968 1968 1910 1986

•

138,585 239,440

n/a 2,271

138,585 20 241,711 20

457 460

1969 2002

1993 n/a

n/a n/a

n/a $23.65

• •

32,725 360,469 40,596 83,869 146,762

3,944 11,531 3,255 n/a n/a

36,669 372,000 43,851 88,330 146,762

6 31 10 13 15

2020 n/a 2003 1990 1993

n/a n/a $27 $30 n/a

$17.26 n/a $17.74 $17.99 n/a

•

18 120

1912 2017 1997 1977 1975

1281 Georgia St W/Georgia Bldg 1455 Georgia St W/Lea Bldg 1500 Georgia St W/1500 West Georgia 1575 Georgia St W/The Cardero 200 Granville St/Granville Square 320 Granville St/Bosa Waterfront Centre 409 Granville St/United Kingdom Bldg 470 Granville St/Rogers Bldg 580 Granville St/Sophos 609 Granville St/Canaccord Genuity Pl 725 Granville St 736 Granville St/Vancouver Block 151 Hastings St W/Ormindale Block 163 Hastings St W/The Flack Block 510 Hastings St W/Standard Bldg 555 Hastings St W/Harbour Centre 601 Hastings St W 602 Hastings St W/Reliance Bldg 609 Hastings St W/Princess Bldg 675 Hastings St W/Six Seven Five 744 Hastings St W/Pacific Bldg 815 Hastings St W 838 Hastings St W/Jameson House 850 Hastings St W/Credit Foncier 900 Hastings St W/900 West Hastings 999 Hastings St W/AXA Place 1021 Hastings St W/MNP Tower 1055 Hastings St W/Guinness Tower 1066 Hastings St W/Oceanic Plaza 1111 Hastings St W 1177 Hastings St W/Board of Trade Tower 1199 Hastings St W/Hastings Bldg 318 Homer St/Mercantile Bldg 580 Hornby St 777 Hornby St 250 Howe St/ PricewaterhouseCoopers Place 325 Howe St/Pacific Coast Bldg 475 Howe St/The Exchange 549 Howe St 595 Howe St/Good Earth Bldg 625 Howe St/Standard Life Bldg 1100 Melville St/Sun Life Plaza 1111 Melville St 1133 Melville St/The Stack 1190 Melville St/Wyland Bldg 905 Pender St W /King George Group Bldg 119 Pender St W/Duncan Bldg 128 Pender St W/Sun Tower 402 Pender St W/BC Securities Bldg

BIV_OfficeSpace2020_40R.indd 32

13 26 14 8 9

700

26

bo

688

n/a

av e

152,936 638,328 37

360,000

la

ye

ar

pa r

ki

ng

s ey

475,392

to

M–Warrington PCI/David Basford 604-602-4800/​L–Avison Young/Matthew Craig 604-647-5076 M–Colliers 604-909-0223/​L–JLL/Mark Chambers 604-998-6005

re

1055 Georgia St W/Royal Centre 1075 Georgia St W

of

st

or

nt al

ls

no

et fe re ua

ta l

ls ta i

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M–Management company/Contact/Phone L–Leasing company/Contact/Phone

fic

Address/Building name

ar

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OFFICE BUILDING DIRECTORY

• • • • • • • • • •

• •

M–Equitable Real Estate 604-683-7571/​L–Equitable Real Estate/Sarah Forseth M–Credit Suisse 212-325-2000/​L–JLL/Mark Chambers 604-998-6005 L–JLL/Andrew Astles 604-998-6045 M–Colliers 604-681-4111/​L–NAI Commercial/Rob DesBrisay 604-691-6602 M–Manulife Real Estate/Mike Maughan 604-235-1645/​ L–Manulife Real Estate/Jaclyn Murphy 604-378-1528 M–BentallGreenOak/Michael Cole 604-661-5632/​L–BentallGreenOak/Jeff Lim 604-661-5619 M–Porandom Management/Connie Chau 604-687-6790/​ L–Cushman & Wakefield/Jennifer Robertson 604-640-5894 M–Oxford Properties 604-893-3200/​L–Oxford Properties/Ted Mildon 604-893-3230 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran 604-683-2404 M–Colliers/​L–Colliers/Derek May 604-661-0837

151,654 105,372

n/a n/a

151,654 16 116,544 12

114 112

1982 1976

2006 n/a

n/a n/a

$19.07 $18.40

•

540,000 41,000 32,400

n/a 7,000 n/a

540,000 36 48,000 7 32,400 6

577

2022 1965 1963

n/a 1999 2002

n/a $17 n/a

$24.18 $15.83 $20.12

•

M–Equitable Real Estate 604-683-7571/​L–Equitable Real Estate/Sarah Forseth M–Allied Properties REIT/​L–Allied Properties REIT/Vanessa Fraser 587-779-7452 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran

51,239 76,496 40,000

8,847 1,693 5,000

60,086 7 78,189 17 46,187 8

1911 1912 1912

2018 2011 n/a

n/a n/a $25

$14.61 $22 $13.50

158

• •

• • •

2020-04-29 9:53 AM

at i

ng

ra te er

bo

1991 1999

n/a $22

$20.11 $18.80

• •

34,406

2,060

38,792 8

16

1984

n/a

$22

$17.40

58,874

6,663

65,537 8

1965

1998

$28

$18.21

•

220,129 534,000 210,000

n/a n/a 4,000

220,129 22 534,000 32 214,000 22

186

1973 1971 1991

1993 2023 2003

n/a n/a n/a

$17.20 $17.73 n/a

• • •

52,329 137,868 167,087

n/a 2,312 n/a

69,497 10 140,165 15 167,087 18

43 152 149

1959 1980 1984

2014 2006 2006

n/a n/a n/a

$18.61 $20.07 $18.72

• •

la

1155 Pender St W/Shorehill Bldg

M–Hollyburn Properties 604-926-7345/​L–Hollyburn Group/Kim Hollett

83,068

n/a

83,068 7

51

1967

2019

n/a

n/a

1166 Pender St W

M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran

147,240

n/a

n/a

105

1975

2004

n/a

n/a $15.92

16

1199 Pender St W

M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran

72,000

n/a

75,254 9

60

1955

2003

$34

1201 Pender St W/East Asiatic House

M–Wicklow West 604-689-5050/​L–Wicklow West/Jason Sanders

59,483

n/a

59,483 8

102

1963

2008

n/a

$19.74

1285 Pender St W/Evergreen Bldg

M–QuadReal Property Group 604-661-5084/​L–QuadReal Property Group/Brent Lee 778-554-3520

101,100

5,100

106,200 10

75

1980

2007

n/a

$20.06

509 Richards St/The Lumberman’s Bldg

M–Lumberman’s Building Corp/​L–CBRE/Michael White 604-662-5120

28,025

n/a

28,025 8

1912

2007

n/a

$14.75

m

st

ye

bu

ng

ar

ki

or st

to

ta i re

ey

247

a

av co er a st ge

op

va te

re ge

1929 1978

ra

28

s

201,331 15 112,866 16

ta l

8,271 6,284

ls

av e

ar

ilt

re

st al

nt al

ls

no

et fe re ua

sq

qu

ua sq

193,060 106,582

e

ye

M–Triovest Realty Advisors 604-642-4501/​L–Triovest Realty Advisors/Loretta Roth 604-642-4504 M–West Pender Property Group/Mike Rushford 604-638-0331/​ L–West Pender Property Group/Colin Murray 604-638-0327 889 Pender St W/Pender Pacific M–Impex Management Ltd 604-688-9720/​ L–Re/Max Commercial Advantage/Moojan Azizi 604-899-9293 890 Pender St W M–West Pender Property Group/Mike Rushford 604-683-0331/​ L–West Pender Property Group/Colin Murray 604-638-0327 1050 Pender St W M–BentallGreenOak/Bruce Tanner 604-661-5084/​L–BentallGreenOak/Tim Evans 604-661-5099 1090 Pender St W/B6 M–BentallGreenOak/Bruce Tanner 604-661-5084/​L–BentallGreenOak/Jeff Lim 604-661-5619 1095 Pender St W/Manulife Place M–Manulife Financial/Kathy Ireland 604-438-2302/​ L–Manulife Financial/Jaclyn Murphy 604-378-1528 1112 Pender St W L–Cushman & Wakefield/David Mackay 604-639-9355 1130 Pender St W M–BentallGreenOak/Michael Cole 604-661-5632/​L–BentallGreenOak/Jeff Lim 604-661-5619 1140 Pender St W/Sun Life Financial Centre M–BentallGreenOak/Michael Cole 604-661-5632/​L–BentallGreenOak/Jeff Lim 604-661-5619

pa r

789 Pender St W 800 Pender St W/

fic

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

of

Address/Building name

ar

re

e

fe

fe

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et

d

| 33

•

605 Robson St/Vancouver House

M–Unimet Investments Ltd 604-688-1883/​L–RPM Realty/Roy Gibbs 604-684-8291

138,308

n/a

144,000 16

1989

n/a

$22

$18.35

969 Robson St/Robson Central

M–Morguard Investments 604-681-9474/​L–Morguard Investments/Michael Walker 604-602-6455

80,573

47,092

127,665 6

1956

2013

n/a

n/a

•

1155 Robson St/John Robson Place

M–Warrington PCI/Deryk Brower 604-331-5232/​L–JLL/Andrew Astles/Mark Trepp 604-998-6045

78,964

n/a

79,950 7

1947

2018

$23

$18.54

•

333 Seymour St/Grant Thornton Place

M–PCI Developments 604-684-1151/​L–JLL/Mark Chambers/Mark Trepp 604-998-6005

150,735

3,760

154,495 17

1985

2005

n/a

$19.94

•

510 Seymour St/Five Ten

M–Serracan Properties/​L–Colliers/Marco DiPaolo 604-661-0838

71,247

5,042

76,837 10

2017

n/a

$36

$19.50 $14.27

170

141

525 Seymour St/Seymour Bldg

M–Aquilini Group Properties 604-687-8813/​L–Aquilini Group Properties/Drew Hardisty 604-909-7943 43,807

n/a

47,949 10

1914

2014

$38

698 Seymour St/Seymour Bldg

L–Cushman & Wakefield/David Mackay 604-639-9355

31,168

7,107

38,275 4

1971

n/a

n/a

$12.75

753 Seymour St/Vancouver Centre II 638 Smithe St/Vancouver Motors Bldg 535 Thurlow St/Phillips Bldg 745 Thurlow St 55 Water St 68 Water St/Deighton Bldg

M–GWL Realty Advisors/​L–GWL Realty Advisors/Peter Jenkins 604-713-8920 L–Colliers/Marco DiPaolo 604-661-0838 M–Onni Group/Faisal Arif 778-897-0474/​L–JLL/Scott MacDonald/Andrew Astles 604-990-6020 M–QuadReal Property Group/​L–QuadReal Property Group/Jeff Rank 604-975-9623 M–Reliance Properties 604-683-2404/​L–Reliance Properties/Luke Moran 604-683-2404 M–Re/Max Commercial Advantage/​L–Re/Max Commercial Advantage/John Moody 778-837-3760

371,000 27,843 61,861 380,000 85,000 27,000

n/a n/a n/a 35,000 17,000 9,500

371,000 27,843 61,861 430,000 99,841 45,500

2021 1925 1966 2015 1910 1899

n/a 2013 1990 n/a 2002 1980

n/a $32 n/a n/a $38 $25

n/a $16 $13.49 $21.43 n/a $11.00

33 2 8 25 6 5

500 21 314 40

111 Water St

M–Reliance Properties Ltd 604-684-8890/​L–Reliance Properties Ltd/Luke Moran 604-683-2404

24,000

n/a

26,000 3

25

1910

1990

$28

$12.07

155 Water St

L–CBRE/Blair Quinn 604-662-5161

74,458

n/a

74,458 7

45

2020

n/a

n/a

n/a

375 Water St/The Landing

M–Carrera Management Corp/Jonathan Grimble 604-340-9018/​ L–Colliers/Brayden Sangha 604-694-7282

142,000

n/a

176,200 7

1905

1987

$36

$18.35

210,000 61,525 150,000 114,256 89,377 65,000 33,293

25,000 n/a n/a n/a n/a n/a n/a

235,000 69,277 150,000 114,256 89,377 65,000 33,293

117 10 82 84

2002 1979 2019 1982 1912 1990 1959

n/a 1999 n/a 2001 2009 n/a 2013

$35 $30 n/a n/a n/a n/a $23

$20.69 $19.99 $20 $18.66 $17.70 $23.87 $17.52

88,484

n/a

106,581 26

71

2016

n/a

n/a

$15.77

L–Avison Young/Fergus Cameron 604-647-5099

51,477

n/a

51,477 4

81

2022

n/a

n/a

n/a

M–Allied Properties REIT/​L–Allied Properties REIT/Vanessa Fraser 587-779-7452 L–Avison Young/Matt Walker 604-647-5074 L–Lee & Associates/Howard Malchy/Russell Long 604-895-2226 M–H&R Building Management/Corrie Cotton 604-689-3800/​ L–Cushman & Wakefield/Max Zessel 604-640-5824 L–CBRE/Geoff Donelly 604-662-5130

37,540 20,000 20,246 94,464

7,898 n/a n/a 12,252

45,438 25,000 30,000 106,716

26

130

1920 1918 2010 1991

1988 1996 n/a n/a

n/a $25 $35 $27

$24.57 $18.55 $16.09 $17

77

• • • •

Vancouver Downtown South 858 Beatty St/Pivotal Bldg 1200 Burrard St 1280 Burrard St/Offices at Burrard Place 1380 Burrard St/Kilborn Bldg 840 Cambie St 1001-1085 Cambie St/Yaletown Mews 1033 Davie St/Davie Bldg 89 Georgia St W/ Rogers Arena - West Tower 980 Granville St 1040 Hamilton St/Yaletown Centre 1120 Hamilton St 825 Homer St/Atelier on Robson 855 Homer St/855 Homer Street Inc 990 Homer St 1008 Homer St/North Western Bldg 1014 Homer St 1050 Homer St 1062 Homer St 1085 Homer St/The Cossette 1090 Homer St 1290 Homer St/Yaletown Square 948-950 Homer St/Chintz Bldg

BIV_OfficeSpace2020_40R.indd 33

M–Warrington PCI 604-602-1887/​L–CBRE/Blair Quinn/ZachWittenberg 604-662-5161 M–Colliers/​L–Colliers/Derek May 604-661-0837 M–Reliance Properties Ltd 604-689-1119/​L–Reliance Properties Ltd/Luke Moran 604-683-2404 M–BentallGreenOak 604-646-2869/​L–BentallGreenOak/Jeff Lim 604-661-5619 M–Allied Properties REIT 604-683-5002/​L–Allied Properties REIT/Gord Oughton 647-260-3736 L–JLL/Mark Trepp 604-998-6035 M–Pacific Crown Management/Lucilla Leung 604-263-0907/​ L–Colliers/Derek May/Margaret Bowden 604-661-0837 M–Aquilini Properties 604-687-8813/​L–CBRE/Blair Quinn 604-662-5181

M–The Mangement Group 604-681-1816/​L–JLL/Corbin Macdonald/Andrew Astles 604-998-6034 M–Reliance Properties 604-684-8890/​L–Reliance Properties/Luke Moran 604-683-2404 M–Allied Properties REIT/​L–Allied Properties REIT/Vanessa Fraser 587-779-7452 L–Lee & Associates/Howard Malchy 604-895-2226 M–Epic Investment Services 604-678-0244/​ L–Epic Investmest Services/Lindsay Syhlonyk 403-668-7205 M–GWL Realty Advisors/Stephanie Davies 604-713-7724/​ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 L–CBRE/Blair Quinn 604-662-5161 M–Allied Properties REIT/​L–Allied Properties REIT/Gord Oughton 647-260-3736

7 10 13 7 6 3 6

4 4 2 6

416 35

• • • •

•

43,856

n/a

45,000 5

1950

2000

$28

$18.50

44,500 26,400 27,210 18,000 51,000

n/a n/a 14,658 10,000 n/a

60,000 n/a 41,868 28,000 53,621

1908 1914 1950 n/a 2003

1998 1985 2006 n/a n/a

n/a n/a n/a n/a n/a

n/a n/a $19.34 $14.78 $19.83

•

47,273

17,002

64,275 5

1917

1993

n/a

$18.21

•

28,252 34,604

n/a 10,399

n/a 6 45,003 4

1910 1930

2021 1998

$25 n/a

$9 n/a

•

5 3 4 4 6

7

•

2020-04-29 9:53 AM

34 | OFFICE SPACE 2020 published by Business in VAncouver

at i

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a m bo

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ar

ge ra

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st al

bu ar ye

pa r

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s ey or st

nt al

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no

et fe re ua

ta l to

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M–Management company/Contact/Phone L–Leasing company/Contact/Phone

of

Address/Building name

ar

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fe

fe

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et

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OFFICE BUILDING DIRECTORY

815 Hornby St

M–Megen Properties 604-685-5566/​L–Avison Young/Fergus Cameron 604-647-5099

61,535

12,000

73,535 6

30

1980

1996

$22

$15

865 Hornby St/Chancery Place 1190 Hornby St 840 Howe St/Robson Court

M–Morguard Investments 604-681-9474/​L–Morguard Investments/Michael Walker 604-602-6455 M–Concert/Carla Fassbender 604-602-3802/​L–Concert/Jeff Juhala 604-602-3711 M–GWL Realty Advisors/Stephanie Davies 604-713-6481/​ L–GWL Realty Advisors/Peter Jenkins 604-713-8920 M–Warrington PCI/Deryk Brower 604-331-5232/​L–Colliers/Derek May 604-661-0837 M–Manulife Real Estate/Kathy Ireland 604-438-2302/​ L–Manulife Real Estate/Jaclyn Murphy 604-378-1528 M–Narland Management/Elissa Dabiri 604-681-2747/​L–CBRE/Geoff Donelly 604-662-5130 M–Wicklow West 604-689-5050/​L–Wicklow West/Jason Sanders L–Avison Young/Justin Omichinski/Michael Buchan/Jake Luft 604-646-8387 M–Madison Properties Inc/​L–JLL/Mark Trepp 604-998-6035 M–Nelson Square Management/Rose Ma 604-684-2472/​ L–Cushman & Wakefield/Jennifer Robertson 604-640-5894

132,399 100,085 190,029

10,235 7,707 9,329

142,634 13 107,893 12 199,358 11

197 117 169

1982 1983 1986

n/a 2001 2017

n/a n/a n/a

$23.61 n/a $20.54

• • •

900 Howe St 980 Howe St 1045 Howe St 1125 Howe St 268 Keefer St/Sun Wah Centre 1122 Mainland St 808 Nelson St/Nelson Square 910 Richards St

L–CBRE/Alain Riviere 604-662-5110

97,840

5,624

103,464 10

109

1987

2012

$24

$18.68

•

246,582

4,836

269,000 16

217

2015

n/a

n/a

n/a

•

98,785 128,912 75,000 60,333 190,000

2,361 n/a n/a 20,812 n/a

101,146 128,912 75,000 81,145 209,200

65 150 245 66 235

1973 1985 1987 1915 1982

2007 2007 n/a 1991 1999

$26 n/a $15 n/a n/a

$18.88 $13.29 $9.50 $16.50 $19.05

30,000

n/a

30,000 3

1910

n/a

n/a

$9.05

27,000 129,207 30,767 46,800 53,877 48,000 72,539 62,165 28,000 111,510 101,729

n/a 43,000 n/a n/a n/a n/a n/a 2,277 n/a n/a 122,129

27,000 n/a 59,048 54,000 53,877 48,000 72,539 64,442 28,000 111,510 223,958

220 556

1972 2021 1988 2017 2022 2018 2004 2020 1978 1993 2009

n/a n/a 2004 n/a n/a n/a n/a n/a 2018 n/a n/a

$20 n/a $28 $33 n/a n/a n/a n/a n/a n/a n/a

$18.25 n/a $20.11 $16.20 $16 $12 n/a $18.50 $14.98 $13.52 $22.63

80

1973

1988

n/a

$14.50

2018

n/a

n/a

n/a

•

2000

2010

$35

$17.89

•

2014

n/a

n/a

n/a

•

1980

n/a

$22

$11.21

9 14 7 5 25

Vancouver Broadway — Surrounding Area 1750 10th Ave E/Eastvan Medical Centre 375 1st Ave E 1505 2nd Ave W/Main Gate 22 5th Ave E/The Lightworks Bldg 151 5th Ave W 34 7th Ave W/34 | W7 570 7th Ave W/Echelon Innovation Centre 525 8th Ave W/Citylink 828 8th Ave W 555-575 8th Ave W/Echelon Centre I-II 505-525 Broadway W/ Cross Roads Complex 1770 Burrard St

M–TPMG Capital 604-739-6188/​L–TPMG Capital/Glenn Wood 604-742-3463 M–Onni Group 604-602-7711/​L–Onni Group/Andrew Laurie M–Gulf Pacific Group 604-990-1500/​L–Avison Young/Justin Omichinski/Josh Sookero 604-646-8387 M–PC Urban 604-282-6085/​L–Cushman & Wakefield/Matthew MacLean/Chris Newton 604-640-5855 L–JLL/Mark Trepp/Casey Bell 604-998-6035 M–604-661-0877/Colliers/​L–Colliers/Marco DiPaolo 604-661-0838 M–Cressey Development Corp 604-294-3544/​L–Cressey Properties 604-683-1256 L–CBRE/Geoff Donelly/Brad Haw 604-662-5130 M–TPMG Capital 604-739-6188/​L–TPMG Capital/Glenn Wood 604-742-3463 M–Cressey Development Corp 604-294-3544/​L–Colliers/Dan Jordan 604-692-1472 M–Triovest Realty Advisors/​L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 L–Avison Young/Robin Buntain 604-647-5085

44,708

n/a

46,127 4

565 Great Northern Way

M–Warrington PCI/​L–CBRE/Luke Gibson 604-662-5142

65,000

3,000

n/a

887 Great Northern Way

M–PCI Developments/​L–CBRE/Blair Quinn 604-662-5131

164,236

n/a

164,236 5

1553-1557 Main St/Central

M–Onni Property Managemenrt/Rodney LeGrow 604-602-7711/​L–Onni Group/Hilary Turnbull

90,000

10,000

100,000 7

2425 Quebec St/ Mountainview Professional Bldg

M–Eurocan Industries Inc/​L–NAI Commercial/Conor Finucane 604-691-6604

21,000

n/a

21,000 3

5 7 5 6 4 4 6 8 4 6 5

86 60 70 95 72 235

7 327 35

• •

•

• •

333 Terminal Ave

M–369 Terminal Holdings 604-899-2788/​L–Lee & Associates/Howard Malchy 604-895-2226

114,000

4,198

133,000 8

151

1990

1996

$22

$11

369 Terminal Ave/Vantech Centre II

M–369 Terminal Holdings 604-605-0166/​ L–Lee & Associates/Howard Malchy/Russell Long 604-895-2226 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/​ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/​ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/​ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/​ L–QuadReal Property Group/Jeff Rank 604-975-9623 M–QuadReal Property Group/Ashley MacDougall 604-975-9536/​ L–QuadReal Property Group/Jeff Rank 604-975-9623

144,000

1,658

159,000 8

172

2000

n/a

$35

$15

45,000

10,000

55,000 4

2015

n/a

n/a

n/a

•

115,000

n/a

115,000 4

2008

n/a

n/a

n/a

•

75,000

n/a

75,000 3

2010

n/a

n/a

n/a

•

147,118

n/a

147,118 5

2001

n/a

n/a

$17.15

•

113,932

n/a

113,932 4

2001

n/a

n/a

$17.66

•

•

2920 Virtual Way/Broadway Tech Centre - Bldg 6 2925 Virtual Way/Broadway Tech Centre - Bldg 1 2940 Virtual Way/Broadway Tech Centre - Bldg 7 2955 Virtual Way/Broadway Tech Centre - Bldg 2 2985 Virtual Way/Broadway Tech Centre - Bldg 3

190

Vancouver Broadway Corridor 555 12th Ave W/City Square 1060 8th Ave W 1385 8th Ave W

M–City Square Property Holdings 604-876-5165/​L–Colliers/Marco DiPaolo 604-661-0838 L–CBRE/Ed Ferreira/Brad Haw 604-662-5122 M–Triovest Realty Advisors 604-484-0906/​L–Triovest Realty Advisors/Julie De Cotiis 604-642-4514

129,000 22,488 119,450

141,000 270,000 6 n/a n/a 4 n/a 119,450 6

726 42 161

1989 1972 1982

2002 2000 2008

n/a n/a n/a

$25.85 $16.68 $20.07

1401 8th Ave W/Malvern Bldg

M–Wicklow West 604-689-5050/​L–Wicklow West/Jason Sanders

54,544

n/a

109

1979

2004

n/a

$18.59

54,544 4

601 Broadway W/Broadway Plaza

M–Broadway Plaza Management 604-872-4551/​L–CBRE/Brad Haw 604-662-5132

132,000

n/a

132,000 12

240

1980

n/a

$23

$18.76

750 Broadway W/Fairmont Medical Bldg

M–Peterson Commercial 604-699-5205/​L–Peterson Commercial/Patty Willetts 604-699-5203

122,880

n/a

133,000 14

144

1960

1997

$30

$22.50

777 Broadway W

M–777 West Broadway Holdings/​L–CBRE/Geoff Donelly 604-662-5130

53,000

n/a

78,165 12

156

1988

n/a

$26

$18.50

1974

n/a

$25

$24.84

96

1971

n/a

n/a

$21.19

805 Broadway W/805 Broadway Centre

M–SDM Realty Advisors 604-688-5658/​L–SDM Realty Advisors/Jeff Toews 778-383-6280

85,100

n/a

100,857 19

812 Broadway W/Willow Medical Bldg

M–Prospero Int’l 604-669-7733/​L–Prospero Int’l/Jeff Nightingale

20,500

5,202

25,702 7

988 Broadway W/Broadway & Oak

M–BlueSky Properties/​L–Colliers/Marco diPaolo 604-661-0838

82,000

n/a

85,000 9

2018

n/a

n/a

$19.83

999 Broadway W/BCAA Bldg

M–TPMG Capital 604-739-6188/​L–TPMG Capital/Glenn Wood 604-742-3463

50,862

6,336

62,297 9

150

1972

1993

n/a

$22.88

1001 Broadway W

M–Rosebud Properties Ltd 604-738-4777/​ L–Cushman & Wakefield/Matthew MacLean/Chris Newton 604-640-5855

46,659

10,401

57,060 6

134

1989

2008

$26

$18.87

•

•

•

1212 Broadway W/BC Heart Bldg

L–Dorset Realty/Colin Schuss 604-270-1711

40,845

7,187

48,032 5

102

1981

n/a

$30

$14

1285 Broadway W

M–Triovest Realty Advisors 604-484-0906/​L–Triovest Realty Advisors/Julie De Cotiis 604-642-4514

124,987

n/a

124,987 8

186

1984

2014

n/a

$21.80

•

1333 Broadway W

M–Triovest Realty Advisors 604-484-0906/​L–Triovest Realty Advisors/Julie De Cotiis 604-642-4514

228,515

11,199

239,714 14

419

1991

n/a

n/a

$21.05

•

BIV_OfficeSpace2020_40R.indd 34

2020-04-29 9:53 AM

n/a

34,000 8

1508 Broadway W

M–Choice Properties REIT/Ryan Swire 604-683-1185/​ L–Choice Properties REIT/Geoff Christie 403-268-9202

82,291

64,183

146,474 9

at i

ng

ra te er

n/a

n/a

n/a

st

ye

bu la

m

$21.75

1998

bo

$17.86

$25

a

op

va te

re

re

ge

$23

n/a

ar

ki

265

ar

n/a

1994

ra

1990

ye

pa r

120

ilt

av co er a st ge

58,970 4

30,000

av e

20,413

M–Warrington PCI/​L–CBRE/Brad Haw 604-662-5132

nt al

ls st al

31,982

1401 Broadway W

ng

s ey or st

1338 Broadway W/Broadway Pacific Place M–S&U Homes 604-733-3532/​L–Dorset Realty Group/Colin Schuss 604-270-1711

no

et fe re ua

ta l to

ls ta i

sq

qu

ua sq re

e fic

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

of

Address/Building name

ar

re

e

fe

fe

et

et

d

| 35

•

1847 Broadway W/Orr Bldg

M–Orr Development 604-731-8261/​L–CBRE/Brad Haw 604-662-5132

25,129

n/a

37,421 3

1956

1993

$21

$12

•

1985 Broadway W/Wawanesa Bldg

L–TPMG Capital/Glenn Wood 604-642-3463

55,669

n/a

55,669 5

1985

n/a

n/a

$22.95

•

2025 Broadway W/Mainframe Bldg

M–SDM Realty Advisors/Dale Mumford 778-383-6273/​ L–SDM Realty Advisors/Stephen Duyvewaardt 778-383-6272

72,757

14,722

90,666 5

1988

n/a

n/a

$21.98

•

2184 Broadway W/Regent Medical Bldg

M–TPMG Capital 604-739-6188/​L–TPMG Capital/Glenn Wood 604-742-3463

33,081

8,106

41,187 5

64

1959

2001

n/a

$22

•

1727-1755 Broadway W

M–Northland Properties 604-735-6638/​L–Colliers/Derek May 604-661-0837

66,568

n/a

66,568 5

170

1970

2003

$32

$17.16

187

2515 Burrard St

L–RPM Realty/Chris Oteman 604-684-8291

30,000

n/a

30,000 3

1920

n/a

$19

$19.50

2590 Granville St/Chapman Bldg

M–Turner Meakin/Brian Meakin 604-736-7020/​L–Colliers/Blake Davies 604-694-7239

21,398

n/a

24,622 3

22

1920

1971

$28

$18.67

2608 Granville St/South Granville Centre

M–Macdonald Commercial/Nick Marini 604-736-5611/​ L–Macdonald Commercial/Eric Poon 604-714-4768

58,204

38,280

96,484 5

196

1974

2002

$25

$22.39

2609 Granville St/Bank of Montreal Bldg

M–Reliance Properties/​L–Reliance Properties/Luke Moran 604-683-2404

45,500

n/a

45,500 5

50

1970

2005

$22

$17.74

488 Railway St/The Maker Exchange

L–JLL/Mark Trepp 604-998-6035

151,715

n/a

151,715 7

179

2020

n/a

n/a

n/a

M–Maple Leaf Property Management/Keiran McGarth 604-925-8215/​ L–Maple Leaf Property Management

120,000

n/a

n/a

12

172

1972

2004

$39

$17

38,705 86,618 84,059 121,197 65,000 66,266

n/a n/a n/a n/a 8,000 n/a

38,705 86,618 84,059 121,197 73,000 71,325

4 2 2 2 5 6

129 133 160 100 87

1986 1992 1991 1994 1991 1984

2011 n/a n/a n/a n/a 1992

$22 n/a $17 n/a $23 $22

$15 $8.51 $7.64 $7.86 $16.42 $15.68

• • • •

154,000

n/a

154,000 6

233

1983

n/a

$23

$18.61

•

45,605 37,476 32,000 33,750 60,821

n/a n/a n/a n/a n/a

63,000 37,476 32,000 33,750 60,821

139 76 20 58 125

1981 2001 2005 2001 2001

n/a n/a n/a n/a n/a

$22.50 n/a $21 n/a $18

$16 $16.69 $7.50 $12.91 $11

• •

M–Avison Young/​L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398

45,000

n/a

45,000 4

2009

n/a

$26

$11.94

M–Concert 604-602-3732/​L–Avison Young/Terry Thies 604-646-8398

74,670

n/a

74,670 3

160

2002

n/a

$24

$13.85

L–Forman Pilkington/Ross Forman/Jeff Pilkington 604-980-3003

30,000

n/a

108,000 2

40

2003

n/a

$17

$8

L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 M–Turner Meakin/Brian Meakin 604-736-7020/​ L–Avison Young/Matt Thomas/Jennifer Devlin 604-687-7331 M–Onni Group/Will Johnson 604-259-6780/​L–Onni Group/Hilary Turnbull 604-602-7711 M–Austeville Properties/Scott Reid 604-216-5517/​L–Forman Pilkington/Ross Forman 604-980-3003 L–Forman Pilkington/Ross Forman 604-980-3003

21,800 27,095

7,000 9,992

28,800 4 48,865 3

61

2010 1980

n/a 2002

$23.50 $20

$15.47 $20.49

78,800 20,500 37,914

91,200 n/a n/a

n/a 5 20,500 2 37,914 2

2017 1974 1955

n/a n/a n/a

$32 $20 $15

$14.50 $22.51 $19.97

• •

M–SDM Realty Advisors/Dale Mumford 778-383-6273/​ L–SDM Realty Advisors/Jeff Toews 778-383-6280

28,000

12,000

40,000 3

112

1988

2000

n/a

$21.54

•

M–Epic Investments Services/Slavica Kosmajac 604-678-0239/ L–Cushman & Wakefield 604-683-3111 M–Paradigm Group 604-328-2524/​L–Paradigm Group/Steven Fast M–Prospero Int’l 604-669-7733/​L–Prospero Int’l/Jeff Nightingale M–BentallGreenOak/Glen Cartier 604-661-5000/​L–BentallGreenOak/Tim Evans 604-661-5099 M–Paradigm Group 604-328-2524/​L–Paradigm Group/Jordan Armstrong 778-990-4715

151,143

n/a

170,021 7

425

2016

n/a

n/a

$14.85

•

40,000 20,149 44,695 20,500

8,000 6,749 n/a n/a

48,000 26,898 44,695 45,000

80 163

1910 1965 1959 1989

2010 n/a 2005 2011

n/a $19 n/a $16

n/a $25.83 $21.59 $12.55

West Vancouver 100 Park Royal South

North Vancouver 233 1st St W/The Lookout 930 1st St W/Capilano Business Park II 980 1st St W/Capilano Business Park I 949 3rd St W/Capilano Business Park III 132 Esplanade W/Esplanade Place 1 171 Esplanade W/Esplanade Place 221 Esplanade W 224 Esplanade W/Harbour Quay 38 Fell Ave/Harbourside Centre 50 Fell Ave/Dockside Business Centre 788 Harbourside Dr/Harbourside Centre 828 Harbourside Dr/ Harbourside Business Park 850 Harbourside Dr/ Harbourside Corporate Centre 889 Harbourside Dr/Harbourside Business Park - Waterfront Bldg 1 930 Harbourside Dr/ Harbourside Business Park 1133 Lonsdale Ave 1200 Lonsdale Ave/Lonsdale Place 1308 Lonsdale Ave/CentreView 1501 Lonsdale Ave/Central Block 1910 Lonsdale Ave/ Lonsdale Medical & Dental Bldg 1200 Lynn Valley Rd/ Valley Professional Centre

L–Forman Pilkington/Ross Forman/Jeff Pilkington 604-980-3003 M–BentallGreenOak 604-646-2880/​L–BentallGreenOak/Tim Evans 604-233-1009 M–BentallGreenOak 604-646-2880/​L–Avison Young/Ian Whitchelo/Terry Thies 604-687-7331 M–BentallGreenOak 604-646-2880/​L–BentallGreenOak/Tim Evans 604-233-1009 M–Wesgroup Properties 604-633-2888/​L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 M–Gulf Pacific Group/Ryan Russell 604-990-1500/​ L–Forman Pilkington/Ross Forman/Jeff Pilkington 604-980-3003 M–SDM Realty Advisors/Dale Mumford 778-383-6273/​ L–Avison Young/Ian Whitchelo/Terry Thies 604-647-5095 M–Sodican 604-988-0646/​L–Forman Pilkington/Ross Forman 604-980-3003 M–GWL Realty Advisors/​L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 L–CBRE/Lawson Chu 604-662-5116 M–GWL Realty Advisors/​L–Avison Young/Terry Thies/Ian Whitchelo 604-646-8398 L–Firman Pilkington/Ross Forman/Jeff Pilkington 604-980-3003

6 4 2 2 2

•

•

•

Vancouver 2889 12th Ave E/Renfrew Centre 134 Abbott St 5655 Cambie St/Oakridge Place 5740-5780 Cambie St/Oakridge Plaza 211 Georgia St E/Golden Crown Centre

6 3 3 6

•

1868 Glen Dr/GX Bldg

L–Re/Max Central/Steve Hall/Braden Hall 604-718-7317

50,000

n/a

50,000 2

2002

n/a

$14

$11.61

2695 Granville St/Block Bldg

L–CBRE/Brad Haw 604-662-5132

32,531

n/a

32,531 7

66

1965

2005

$25

$18.25

3195 Granville St/Hycroft Centre

M–Wesgroup Properties 604-633-2890/​L–Colliers/Derek May/Margaret Bowden 604-661-0837

35,245

500

36,500 3

81

1957

1999

n/a

$21.14

•

3680 Hastings St E/ Pacific Professional Centre

M–Warrington PCI/​L–Colliers/Derek May 604-661-0837

22,722

6,000

33,683 3

1982

n/a

$15

$12.78

•

2806 Kingsway/Dundee Centre 450 Marine Dr SW/Marine Drive

L–Colliers/Brian Mackenzie 604-661-0829 M–Triovest 604-484-0901/​L–Triovest/Julie De Cotiis 604-642-4514

20,520 259,003

n/a 28,674 3 236,249 495,252 17

1990 2015

2012 n/a

$22 n/a

$10 $20.99

• •

BIV_OfficeSpace2020_40R.indd 35

52

2020-04-29 9:53 AM

36 | OFFICE SPACE 2020 published by Business in VAncouver

at i

ng

ra te er

a m

av co er a st ge

bo

re

op

nt al

va te pa r

ki

ng

s ey or st

ta l to

ls ta i re

e fic

re

30,499

ge

n/a

ar

59,008

ra

2 3 2 6

ye

44,071 134,161 43,384 119,315

av e

n/a n/a n/a n/a

st

44,071 44,071 43,384 119,315

la

M–Narland Management 604-681-2747/​L–Colliers/Rob Chasmar 604-661-0822 M–Narland Management/Elissa Dabiri 604-681-2747/​L–Colliers/Rob Chasmar 604-661-0822 L–Re/Max Central/Peter Hall/Braden Hall 604-718-7300 M–GWL Realty Advisors/Stephanie Davies 604-713-7724/​ L–GWL Realty Advisors/Brian Wong 604-713-6480 M–Redstone Group/Jamie Fiander 604-596-5622/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Redstone Group/Jamie Fiander 604-596-5622/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076

ilt

271,500 13 105,872 5

of

ls st al

8,700 n/a

bu

262,800 105,872

ar

L–Colliers/Rob Chasmar 604-661-0822 L–CBRE/Blair Quinn 604-662-5161

ye

1296 Station St/The Onyx 1628 Station St/Block Data Center

sq

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

sq

Address/Building name

no

et fe re ua

qu

ua

ar

re

e

fe

fe

et

et

d

OFFICE BUILDING DIRECTORY

2021 2015

n/a n/a

n/a n/a

n/a $13

•

296 296 6 338

1999 1999 1955 1998

n/a n/a 1984 n/a

$22 n/a $13 n/a

$14.93 n/a $11.09 $16.52

59,008 2

196

1973

1998

n/a

$15.79

28,928

59,500 2

175

1972

1999

n/a

$16.58

50,022

n/a

50,022 4

94

1982

1996

n/a

$14.76

L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076

50,022

n/a

50,022 4

94

1982

1996

n/a

$14.65

L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076

87,051

n/a

87,051 5

345

2000

n/a

n/a

$15.74

L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076

70,432

n/a

70,432 4

298

2001

n/a

n/a

$15.48

L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076

74,354

n/a

74,354 4

279

2001

n/a

n/a

$16.80

97,204 88,572 58,542

n/a n/a n/a

107,880 5 103,008 5 63,894 6

167

1981 1981 1983

n/a n/a 1999

$18 $18 n/a

$16.25 $14.98 $17.71

69,167

n/a

91,039 5

225

1977

2006

n/a

$18.86

63,372 35,295 146,567 47,000 61,833 51,494 164,580 20,886 73,992 70,550 44,000

7,055 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a

70,427 39,594 146,567 47,000 61,833 51,494 164,580 20,886 73,992 182,435 57,000

24

2018 1995 2009 2000 1998 1997 2009 2000 1998 1986 1980

n/a n/a n/a n/a n/a n/a n/a n/a n/a 1999 n/a

$25 $16.50 n/a n/a n/a $24 n/a $22 $22 $26.50 n/a

$14.50 $8.80 $17.50 $16 n/a $12 $13.62 $10.89 $12.75 $18 $15.27

57,400

n/a

57,400 7

1985

2000

$20

$15.35

170,000 79,000

30,000 n/a

200,000 18 89,759 4

390 266

2000 1989

2007 n/a

n/a $25

$13.98 $19.02

•

4710 Kingsway/Metrotower I

M–Colliers 604-681-4111/​L–Avison Young/Matthew Craig/Matt Walker 604-647-5076 M–Colliers 604-681-4111/​L–Avison Young/Matthew Craig/Matt Walker 604-647-5076 M–Redstone Group/Jamie Fiander 604-596-5622/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Redstone Group/Jamie Fiander 604-596-5622/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Cressey Development/​L–CBRE/Luke Gibson 604-662-5142 L–NAI Commercial/Brian McKenzie 604-691-6618 M–Manulife Real Estate 604-438-2302/​L–Manulife Real Estate/Jaclyn Murphy 604-378-1528 M–Redstone Group 604-596-5622/​L–Avison Young/Matthew Craig/Josh Sookero 604-647-5076 M–Concert/Marc Rothberg 604-602-3841/​L–Colliers/Rob Chasmar 604-661-0822 M–Canadian Urban/​L–CBRE/Blair Quinn 604-662-5161 M–GWL Realty Advisors/Stephanie Davies 604-713-7724/​L–GWL Realty/Brian Wong 604-713-6480 L–Re/Max Central/Chris Davies/Peter Hall 604-718-7300 L–Re/Max Central/Peter Hall/Braden Hall 604-718-7300 M–Artis REIT/​L–JLL/Mark Trepp 604-998-6035 M–Warrington PCI/Karin Fung 604-331-5236/​ L–Cushman & Wakefield/Max Zessel/Kyle Wilson 604-640-5824 M–Burnaby Centre Management 604-438-4544/​ L–NAI Commercial/Rob DesBrisay/Jesse Godin 604-691-6602 M–Bosa Properties/​L–CBRE/Luke Gibson 604-662-5142 M–Macdonald Commercial/Nick Marini 604-736-5611/​ L–Macdonald Commercial/Eric Poon 604-714-4768 M–Avison Young/Jack Foo 604-283-0894/​L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

261,000

n/a

261,000 28

500

1989

n/a

n/a

$18.20

•

4720 Kingsway/Metrotower II

M–Avison Young/Jack Foo 604-283-0894/​L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

352,000

n/a

352,000 30

415

1991

n/a

n/a

$18.20

•

4730 Kingsway/Metrotower III

M–Metro Vancouver 604-432-6484/​L–CBRE/Luke Gibson 604-662-5142

411,472

n/a

411,472 29

2014

n/a

n/a

$14.26

Burnaby 8525 Baxter Pl/Production Court I 8555 Baxter Pl/Production Court II 2250 Boundary Rd/CFIA Bldg 4250 Canada Way/Pacific Blue Cross 4259 Canada Way/Canada Way I 4299 Canada Way/Canada Way II 4585 Canada Way/ Canada Way Business Park 4595 Canada Way/ Canada Way Business Park 4601 Canada Way/ Canada Way Business Park - Bldg A 4611 Canada Way/ Canada Way Business Park - Bldg B 4621 Canada Way/ Canada Way Business Park - Bldg C 4940 Canada Way/Deer Lake Centre II 4946 Canada Way/Deer Lake Centre I 4370 Dominion St/Central Place 4400 Dominion St 7350 Edmonds St/Kings Crossing 7438 Fraser Park Dr 3383 Gilmore Way/DiscoveryGreen 3605 Gilmore Way/Discovery Place 9100 Glenlyon Pkwy 8900 Glenlyon Pky/Tekmira Bldg 9500 Glenlyon Pky 3991 Henning Dr/Bridge Business Centre 3999 Henning Dr 4225 Kincaid St/Kodak Bldg 3665 Kingsway/Boundary Plaza 4211 Kingsway/Burnaby Centre 4555 Kingsway/Central Park Place 4603 Kingsway/Metropointe

6 2 5 3 2 2 3 2 4 5 3

414 138 312 170 471 44 23 314 100

•

• •

• • •

•

4789 Kingsway/Centrepoint

M–Orr Development 604-731-8261/​L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091

71,236

n/a

73,934 6

154

2007

n/a

$26

$13.50

5172 Kingsway/Burlington Square

L–NAI Commercial/Brian Mackenzie 604-691-6618

23,000

n/a

25,984 3

75

1982

1991

$17.50

$15.50

0 Lougheed Hwy/Gilmore Place Phase 1

M–Onni Group/Andrew Laurie 604-602-7711/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882

80,000

650,000 n/a

2024

n/a

n/a

n/a

•

4180 Lougheed Hwy/ Lougheed Commerce Court I

M–Onni Group/Will Johnson 604-259-6780/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882

86,521

n/a

86,521 6

453

1984

n/a

n/a

$13.46

•

4190 Lougheed Hwy/ Lougheed Commerce Court II

M–Onni Group/Will Johnson 604-259-6780/​ L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882

69,973

n/a

69,973 5

453

1983

1996

n/a

$14.46

•

34

•

4664 Lougheed Hwy

M–Peterson Commercial 604-699-5204/​L–Peterson Commercial/Ivy Yung 604-699-5209

195,883

n/a

195,883 3

348

1975

1999

$25

$16.31

•

3920 Norland Ave/Jack Munro Bldg

M–Martello Property Services/Tony Akester 604-681-6544/​ L–Colliers/Rob Chasmar/Brian Mackenzie 604-681-0829

27,825

n/a

27,825 3

60

1981

2011

$12.50

$11.99

•

2022

n/a

n/a

n/a

•

296

1999

n/a

n/a

n/a

2023

3355 North Rd/Impressions

M–Onni Group/Victoria Gidzinski 778-402-9985/​L–Onni Group/Andrew Laurie 604-602-7111

162,000

n/a

n/a

2700 Production Way/Production Crt III

M–Narland Management 604-681-2747/​L–Colliers/Rob Chasmar/Brian MacKenzie 604-661-0822

117,031

n/a

134,171 6

11

3100 Production Way

L–CBRE/Luke Gibson/Blair Quinn 604-662-5142

340,777

13,766

354,543 10

788

6400 Roberts St/Sperling Plaza I 6450 Roberts St/Sperling Plaza II 1901 Rosser Ave/Madison Centre 6060 Silver Ave/Station Square Phase 2

M–Bosa Development 604-294-0666/​L–JLL/Mark Trepp 604-998-6035 M–Bosa Development 604-294-0666/​L–JLL/Mark Trepp 604-998-6035 M–Bosa Development 604-294-2742/​L–JLL/Mark Trepp/Mark Chambers 604-998-6035 M–Anthem Properties 604-689-3040/​L–JLL/Mark Chambers/Mark Trepp 604-998-6005

66,228 65,354 66,404 52,804

n/a n/a n/a n/a

66,228 65,354 66,404 78,000

321 321

BIV_OfficeSpace2020_40R.indd 36

4 4 8 3

1975 1975 2001 1,150 2018

n/a

n/a

$16

2012 2012 n/a n/a

n/a n/a n/a n/a

$14.04 $14.04 $15.81 $17.50

• • • •

2020-04-29 9:53 AM

at i

ng

ra te er

bo

119,576 4

150

1991

2014

n/a

$18.05

•

46,745

n/a

46,745 3

131

1990

n/a

n/a

$15.94

•

226,519

n/a

226,519 6

684

2001

n/a

n/a

$16.11

4333 Still Creek Dr/1507 WIllingdon Park

L–JLL/Mark Trepp/Mark Chambers 604-998-6035

67,305

n/a

67,305 4

211

2001

n/a

n/a

$16.93

4350 Still Creek Dr/1508 Willingdon Park

M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/​ L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/​ L–Triovest Realty Advisors/Julie DeCotiis 604-642-4514 L–JLL/Mark Trepp/Mark Chambers 604-998-6035 L–Avison Young/Glenn Gardner/Matthew Craig 604-647-5076

111,136

n/a

111,136 4

333

2010

n/a

n/a

$16.04

•

150,897

n/a

150,897 4

247

2010

n/a

n/a

$15.37

•

67,094 102,000

n/a n/a

67,094 3 102,000 2

223 340

1999 1996

n/a 2001

n/a n/a

$16.39 $14.60

32,000 25,000 230,000 46,782

n/a n/a 100,000 n/a

32,000 28,429 n/a 46,782

3 2 17 3

50 77 147

2000 1972 2015 1986

n/a 1992 n/a 2009

$19 n/a n/a n/a

$15.11 n/a $14.74 $16.09

15,000 9,802

39,000 7 n/a 30

102

2013 2015

n/a n/a

n/a n/a

$11.70 $11.36

573

1981

2003

n/a

$20.27

n/a 1991 n/a n/a n/a n/a n/a

n/a n/a n/a $30 $20 n/a n/a

$7.01 $13.00 n/a $15.04 $17.77 $11.78 n/a

4185 Still Creek Dr/1501 Willingdon Park

4370 Still Creek Dr/1509 Willingdon Park 4401 Still Creek Dr/1505 Willingdon Park 3001 Wayburne Dr/ Canada Way Business Park 4475 Wayburne Dr/Technology Place@BCIT 1899 Willingdon Ave/1899 Willingdon Bldg 2025 Willingdon Ave/The SOLO District 3185 Willingdon Green/ Willingdon Green Bldg

M–Discovery Parks 604-734-7275/​L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Prospero Int’l 604-669-7733/​L–Prospero Int’l/Rick Halliday 778-231-5285 M–BentallGreenOak 604-661-5000/​L–JLL/Mark Trepp 604-998-6035 M–Redstone Group/Jamie Fiander 604-596-5622/​ L–Cushman & Wakefield/Max Zessel/Roger Leggatt 604-640-5824

la

m

ra

st

ye

bu ar ye

pa r

ki

ng

s ey or st

ta l to

ls ta i re

e fic of

a

av co er a st ge

op

va te

re

n/a

ge

119,576

4321 Still Creek Dr/1506 Willingdon Park

M–Triovest Realty Advisors/Dean de Sousa 604-294-3544/​ L–Triovest Realty Advisors/Julie De Cotiis 604-642-4514 M–Triovest Realty Advisors/Dean De Sousa 604-639-8000/​ L–Triovest Realty Advisors/Julie De Cotiis 604-642-4514 L–JLL/Mark Trepp/Mark Chambers 604-998-6035

ar

4170 Still Creek Dr/1502 Willingdon Park

sq

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

sq

Address/Building name

av e

ilt

re

st al

nt al

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no

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qu

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fe

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| 37

Coquitlam 2950 Glen Dr/The Oasis M–Onni Group/Steve Jantzen 604-259-2472/​L–Cushman & Wakefield/Craig Ballantyne 604-683-3111 24,000 3007 Glen Dr/Evergreen@Westwood Village M–Bosa Properties 604-558-8665/​L–Bosa Properties/Darrell Hurst 604-412-0464 25,714

• •

Port Coquitlam 2755 Lougheed Hwy/Poco Place

M–Narland Management/Elissa Dabiri 604-681-2747/​ L–Cushman & Wakefield/Craig Ballantyne 604-608-5928

59,993

103,929 163,844 7

M–QuadReal Property Group 778-554-3520/​L–QuadReal Property Group/Brent Lee L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 M–Anthem Properties/Ken Wood 604-449-2431/​L–Anthem Properties/Ryan Hall 604-235-3174 L–CBRE/Luke Gibson/Michael White 604-662-5142 M–Warrington PCI/Lilly Zhou 604-331-5226/​L–CBRE/Luke Gibson/Michael White 604-662-5142 L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 M–UPG Uptown Property Group/Donna Bisaro 604-525-8618/​ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M/L–Value Property Group 604-606-7001 604-606-7001 M–UPG Uptown Property Group/Donna Bisaro 604-525-8618/​ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–BentallGreenOak 604-661-5679/​L–Paramount Realty/Don Ellis 604-442-3911 M–UPG Uptown Property Group/Donna Bisaro 604-525-8866/​ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–UPG Uptown Property Group/Donna Bisaro 604-525-8866/​ L–UPG Uptown Property Group/Bart Slotman 604-688-7750 M–Strathallen Property Mgmt/Petr Kafka 604-526-8064/​L–Colliers/Rob Chasmar 604-661-0822

57,092 67,562 32,527 20,000 48,094 48,000 20,000

5,009 n/a n/a n/a 16,998 n/a 7,000

62,101 85,042 32,527 20,000 65,092 48,000 27,000

4 5 6 3 4 3 4

450 130 65 48

n/a 1981 1907 1994 1988 1988 2014

55,581 42,000

13,929 12,000

69,510 6 54,000 4

140 162

2000 2008

2014 n/a

$25 n/a

$16.52 n/a

•

23,137 86,000

n/a 82,000

23,137 3 168,000 4

40 354

1962 1978

n/a 2012

n/a n/a

$20.60 n/a

• •

30,000

10,000

40,000 4

79

2001

n/a

n/a

n/a

•

155,000

192,000 347,000 2

1992

n/a

$17

$13.50

36,402 134,390

75,529 n/a

350 255

1987 2022

n/a n/a

n/a n/a

$22 n/a

New Westminster 611 Agnes St 625 Agnes St/Queen’s Court 600 Columbia St/Spencer Bldg 1001 Columbia St/Columbia Square Plaza 960 Quayside Dr/First Capital Place 620 Royal Ave/Royal Avenue Centre 500 Sixth Ave/Queen’s Park West 628 Sixth Ave/Royal Bank Bldg 505 Sixth St/Westminster Centre South 550 Sixth St/Sixth and Sixth Bldg 555 Sixth St/Westminster Centre 601 Sixth St/Uptown Centre 610 Sixth St/Royal City Centre

97

• • • •

Richmond 8171 Ackroyd Rd/Richport Town Centre 7960 Alderbridge Way

M–Warrington PCI 604-331-5242/​L–Warrington PCI/Sanjay Sudra 604-331-5256 L–CBRE/Luke Gibson/Marc Blancard 604-662-5142

13955 Bridgeport Rd

M–Bosa Commercial/​L–Bosa Properties/Darrell Hurst 604-412-0464

112,000 6 134,390 10

•

21,170

n/a

21,170 4

1973

n/a

$12

$5.24

•

10711 Cambie Rd/Airport Executive Park 14 M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

98,669

n/a

98,669 3

277

1981

1992

n/a

$12.75

•

3820 Cessna Dr/ BCIT Aerospace Technology Campus

M–BCIT/​L–Altow Realty Group/Andrew Altow 604-910-5180

85,000

n/a

85,000 5

225

2007

n/a

n/a

$9.50

13351 Commerce Pkwy/ Commerce Court International Phase I 13353 Commerce Pkwy/ Commerce Court International Phase II 13511 Commerce Pkwy/ Crestwood Corporate Centre 3 13551 Commerce Pkwy/ Crestwood Corporate Centre 4 13571 Commerce Pkwy/ Crestwood Corporate Centre 5 13775 Commerce Pkwy/ Crestwood Corporate Centre 7 13777 Commerce Pkwy/ Crestwood Corporate Centre 8 13800 Commerce Pkwy/ Crestwood Corporate Centre 1 13575 Commerce Pky/ Crestwood Corporate Centre 6

M/L–Compass Point/Mark Morrison 604-214-8645

69,038

n/a

69,038 3

196

1998

n/a

$17.50

$13.26

M/L–Compass Point/Mark Morrison 604-214-8645

68,558

n/a

68,558 3

230

1999

n/a

n/a

$13.93

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

40,130

n/a

40,130 1

130

1989

2007

n/a

$13.65

•

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

55,788

n/a

55,788 2

112

1990

2006

n/a

$12.25

•

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

78,125

n/a

78,125 2

232

1993

2005

n/a

$13.94

•

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

79,438

n/a

79,438 3

239

1995

2006

n/a

$13.46

•

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

80,755

n/a

80,755 3

244

1996

2007

n/a

$13.88

•

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

181,588

n/a

181,588 2

447

1989

n/a

n/a

$8.25

•

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

77,566

n/a

77,566 2

233

1993

2004

n/a

$13.81

•

BIV_OfficeSpace2020_40R.indd 37

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38 | OFFICE SPACE 2020 published by Business in VAncouver

at i

ng

ra te er

bo

251 152

1989 2002

1995 n/a

$25 n/a

$15.50 $10

•

81,713 3

242

1998

n/a

n/a

$13.56

•

n/a n/a

75,902 2 150,000 5

228 460

1982 1989

2001 2007

n/a n/a

$13.09 $15.50

• •

46,000 115,889

16,000 n/a

65,000 8 305,916 2

193

1990 1975

n/a 1998

$25 $13

$20.16 $5.84

L–JLL/Mark Chambers 604-998-6005

34,426

n/a

34,426 3

2008

n/a

n/a

$10

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005 M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005 M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

33,521 24,613 24,632

n/a n/a n/a

33,521 1 24,613 1 24,632 1

104 83 78

1974 1974 1975

1989 1989 2004

n/a n/a n/a

$12.96 $13.33 $13.29

• • •

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

34,400

n/a

34,400 1

96

1976

1989

n/a

$12.44

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

94,100

n/a

94,100 3

315

1998

n/a

n/a

$11.68

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

62,263

n/a

62,263 2

156

1976

1992

n/a

$11.76

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

60,618

n/a

60,618 2

164

1975

2006

n/a

$14.07

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

29,690

n/a

29,690 1

108

1980

1992

n/a

$13.23

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

30,200

n/a

30,200 1

118

1978

1992

n/a

$12.88

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

69,900

n/a

69,900 1

236

1980

2013

n/a

$13.09

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

66,000

n/a

66,000 3

186

2009

n/a

n/a

$11.09

•

M–Colliers/Alona Lutz 604-233-1069/​L–JLL/Mark Chambers 604-998-6005

79,742

n/a

79,742 3

249

2002

n/a

n/a

$11.91

•

M/L–Alpha Equities Ltd 604-279-0344

26,062

n/a

26,062 2

85

1992

n/a

$19.50

$11.95

M/L–Alpha Equities Ltd 604-279-0344

50,344

n/a

50,344 3

1998

n/a

$20.95

$12.85

M/L–Alpha Equities Ltd 604-279-0344

35,703

n/a

44,302

2

1993

n/a

$14.95

$7.95

M/L–Alpha Equities Ltd 604-279-0344

37,007

n/a

37,007 2

1989

2003

$18.75

$9.75

M/L–Alpha Equities Ltd 604-279-0344

35,104

n/a

50,452 2

1990

n/a

$17.95

$12.90

13160 Vanier Pl/ Richmond Corporate Centre 1

M/L–Alpha Equities Ltd 604-279-0344

26,343

n/a

58,908 1

1989

2005

$17.95

$9.75

4011 Viking Way/ International Business Park - Bldg B

M–BUK Investments Ltd/John McGrandle 604-408-3002/​ L–Colliers/Stefan Morissette/Sean Bagan 604-681-4111

30,034

n/a

49,772 2

1991

n/a

n/a

n/a

•

4020 Viking Way/ International Business Park - Bldg D

M–BUK Investments Ltd/John McGrandle 604-408-3002/​ L–Colliers/Stefan Morissette/Sean Bagan 604-681-4111

32,864

n/a

49,180 2

1991

2001

n/a

n/a

•

4311 Viking Way/ International Business Park - Bldg A

M–BUK Investments Ltd/John McGrandle 604-408-3002/​ L–Colliers/Stefan Morissette/Sean Bagan 604-681-4111

31,259

n/a

47,475 2

1996

n/a

$14

$6.04

•

4320 Viking Way/ International Business Park - Bldg E

M–BUK Investments Ltd/John McGrandle 604-408-3002/​ L–Colliers/Stefan Morissette/Sean Bagan 604-681-4111

23,176

n/a

44,452 2

1990

n/a

n/a

n/a

•

4611 Viking Way/ International Business Park - Bldg C

M–BUK Investments Ltd/John McGrandle 604-408-3002/​ L–Colliers/Stefan Morissette/Sean Bagan 604-681-4111

44,069

n/a

100,033 2

1991

n/a

$14

$5

•

4620 Viking Way/ International Business Park - Bldg F

M–BUK Investments Ltd/John McGrandle 604-408-3002/​ L–Colliers/Stefan Morissette/Sean Bagan 604-681-4111

24,990

n/a

61,187 2

1990

n/a

n/a

n/a

•

3011 & 3031 Viking Way/ Knightsbridge Business Park

M–Concert/Gerry McRobert 604-602-3844/​L–JLL/Mark Chambers 604-998-6005

38,582

n/a

38,582 2

108

1974

2004

$12.95

$11.67

•

7031 Westminster Hwy/ Richmond Professional

M–Prospero Int’l 604-669-7733/​L–Prospero Int’l/Jeff Nightingale

29,000

3,000

32,000 3

100

1978

1995

$18

$18.71

13811 Wireless Way/ Commerce Crt Phase III

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​ L–GWL Realty Advisors/Peter Jenkins 604-713-8920

76,535

n/a

76,535 3

440

2001

n/a

n/a

$10.50

•

13888 Wireless Way/ Commerce Court International V 13911 Wireless Way/ Commerce Crt Phase IV

L–Colliers/Rob Chasmar 604-661-0822

116,530

n/a

116,530 2

515

2008

n/a

n/a

$11.67

•

M–GWL Realty/Rafiat Ojulari 604-713-3162/​L–GWL Realty Advisors/Peter Jenkins 604-713-8920

73,439

n/a

73,439 3

203

2002

n/a

n/a

$13.56

•

5890-5900 No 3 Rd/Richmond Landmark 7080-7100 River Rd/ River Road Business Centre 12033 Riverside Way/ Riverside Business Centre 3751 Shell Rd/Airport Executive Park B 3851 Shell Rd/Airport Executive Park D 10100 Shellbridge Way/ Airport Executive Park A 10200 Shellbridge Way/ Airport Executive Park C 10271 Shellbridge Way/ Airport Executive Park 10 10451 Shellbridge Way/ Airport Executive Park 1 10551 Shellbridge Way/ Airport Executive Park 2 10651 Shellbridge Way/ Airport Executive Park 3 10691 Shellbridge Way/ Airport Executive Park 4 10760 Shellbridge Way/ Airport Executive Park 8 10851 Shellbridge Way/ Airport Executive Park 6 10991 Shellbridge Way/ Airport Executive Park 7 13071 Vanier Pl/ ichmond Corporate Centre 5 13091 Vanier Pl/ Richmond Corporate Centre 6 13111 Vanier Pl/ Richmond Corporate Centre 4 13120 Vanier Pl/ Richmond Corporate Centre 2 13151 Vanier Pl/ Richmond Corporate Centre 3

BIV_OfficeSpace2020_40R.indd 38

40,714 3

M–Warrington PCI/​L–CBRE/Luke Gibson/Michael White 604-662-5142 99,360 M–Porte Realty/Tracy Gu 604-732-7651/​L–Cushman & Wakefield/Matthew MacLean 604-640-5855 33,216

n/a n/a

104,227 6 44,008 3

M–GWL Realty Advisors/Rafiat Ojulari 604-713-3162/​L–CBRE/Michael White 604-662-5120

81,713

n/a

M–GWL Realty Advisors/Patricia Giordano 604-586-1404/​L–CBRE/Michael White 604-662-5120 M–SDM Realty Advisors/Dale Mumford 604-688-5658/ L–SDM Realty Advisors/Jeff Toews 778-383-6280 M–Castle Management 604-279-1888/​L–Cushman & Wakefield/Frances Wu 604-639-9356 M–Dorset Realty/604-270-1711/​L–Dorset Realty Group/Colin Schuss/604-270-1711

75,902 150,000

la

m

st

ye

bu

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ar ye

pa r

ey or st

to

ta i re

fic of

n/a

a

av co er a st ge

op

va te

re ge

•

30,714

ra

$15.27

s

n/a

ta l

n/a

ls

1985

e

av e

ar

ilt

re

st al

nt al

ls

no

et fe re ua

sq

M–Wesgroup Properties 604-633-2898/​L–Cushman & Wakefield/Matthew MacLean 604-640-3855

qu

5611 Cooney Rd/ Richmond Professional Bldg 5811 Cooney Rd/Pacific Business Centre 11331 Coppersmith Way/ Riverside Professional Centre 13700 International Pl/ Crestwood Corporate Centre 2 4600 Jacombs Rd/Delf Place 3600 Lysander Ln

ua

M–Management company/Contact/Phone L–Leasing company/Contact/Phone

sq

Address/Building name

ar

re

e

fe

fe

et

et

d

OFFICE BUILDING DIRECTORY

2020-04-29 9:53 AM

at i

ng

ra te er

$13.77 $13.50 $13.06 $17.15

94,500 4 65,673 3

365

2016 2001

n/a n/a

n/a n/a

$14 $13.41

n/a n/a n/a n/a 12,000 n/a 21,000 n/a 23,248

72,500 57,383 72,000 82,000 45,083 48,880 180,000 82,000 110,000

2 2 2 2 4 4 12 4 5

2001 1,200 2001 255 1994 1996 313 2013 90 1996 2017 189 2001 2019

n/a n/a n/a n/a n/a n/a n/a n/a n/a

n/a n/a n/a n/a $34 $22 $35 n/a n/a

$13.56 $10.12 $10 $9 $11.28 $11.37 $12.50 $13.67 $13

112,500 112,500 22,000 102,083 100,550 44,089

n/a n/a n/a 16,506 n/a n/a

112,500 112,500 34,000 123,885 100,550 n/a

3 3 3 6 5 3

400 340

2008 2010 2008 1997 2014 2013

n/a n/a n/a n/a n/a n/a

$23 $20 n/a $22 $28 $24

$9.26 $9.06 $16.80 $13.07 $12.50 $10.50

36,512 42,000 53,969 29,954

2,532 n/a n/a n/a

39,044 42,000 53,969 29,954

3 2 3 3

2014 2009 2008 n/a

n/a n/a n/a n/a

n/a $27 $22 n/a

n/a $10.30 $8.25 n/a

•

L–Colliers/Jason Teahen/Rob Chasmar 604-661-0822 L–Colliers/Jason Teahen/Rob Chasmar 604-661-0847 L–Colliers/Jason Teahen 604-661-0847

119,000 110,000 72,000

23,000 7,447 n/a

142,000 12 117,447 10 72,000 4

2014 2021 2011

n/a n/a n/a

$38 n/a $35

$14 n/a $8

• • •

L–Re/Max Commercial Advantage/Ryan Schwartz 604-510-5555 L–Cushman & Wakefield/Craig Haziza 604-640-5891 M–Triovest 604-642-4511/​L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

75,000 23,000 160,000

n/a 75,000 4 27,000 50,000 2 100,000 260,000 14

2013 1993 2020

n/a n/a n/a

$28 $18 n/a

$10 $16.85 n/a

L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

160,000

100,000 n/a

15

2021

n/a

n/a

n/a

•

M–Blackwood Partners/​L–JLL/Mark Chambers/Mark Trepp 604-765-0565

514,000

20,000

534,000 25

1000 2023

n/a

n/a

n/a

•

M–GWL Realty Advisors/Patricia Giordano 604-713-3161/​L–Colliers/Jason Teahen 604-661-0847

33,412

250,000 282,000 2

845

n/a

n/a

n/a

$16.72

•

M–Triovest 604-642-4511/​L–Colliers/Rob Chasmar/Jason Teahen 604-661-0822

160,000

25,000

195,650 10

2015

n/a

n/a

$16.71

8063 199 St/Langley Business Centre 8700 200 St/Langley 200 Business Ctr Bldg A 8621 201 St/Langley 200 Business Ctr Bldg B 8661 201 St/ Langley 200 Business Ctr - Phase 2 9440 202 St/Walnut Grove Commerce Centre 20316 56 Ave/Langley Professional Bldg

L–Cushman & Wakefield/Adam Frizzell 604-640-5840 M–Mitchell Group/​L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-683-3111 M–Mitchell Group/​L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882 M–Mitchell Group/​L–Cushman & Wakefield/Roger Leggatt/Max Zessel 604-640-5882

51,000 33,335 95,283 68,000

n/a 7,000 n/a n/a

51,000 40,335 95,283 68,000

2020 2008 2013 2012

n/a n/a n/a n/a

n/a n/a n/a n/a

n/a $14.61 $14.61 $13.96

M–Benchmark Properties/​L–Benchmark Properties/Leslie Koole 604-533-1138 M–Impex Management Ltd 604-688-9720/ L–Re/Max Commercial Advantage/Moojan Azizi 604-899-9293

124,307 25,997

n/a n/a

124,307 3 25,997 2

400 60

1999 1977

2005 n/a

$24 $18

$10.81 $10

20353 64 Ave/Langley Town Centre 19933 88 Ave/First West Credit Union Bldg 20091 91A Ave/Walnut Central 20621 & 20641 Logan Ave/Baytree Plaza

M–Benchmark Properties/​L–Benchmark Properties/Leslie Koole 604-533-1138 L–JLL/Mark Trepp 604-998-6035 L–Epic Investment Services/Lyndsay Syhlonyk 403-668-7205 M–Lark Group/Larry Fisher 604-576-2935/​L–CBRE/Maureen Mounzer 604-669-1466

53,177 42,453 21,872 30,000

n/a n/a n/a n/a

53,177 42,453 21,872 65,000

2 6 2 2

200 458

1994 2020 2014 1983

2015 n/a n/a n/a

$20 n/a n/a $18

$10 $14 n/a $7.50

M–Warrington PCI/Chris Kasianchuk 604-331-5264/ L–Cushman & Wakefield/Craig Ballantyne 604-608-5928

91,395

n/a

91,395 6

500

2003

n/a

n/a

$13.85

•

78

2008 2016

n/a n/a

n/a n/a

$12.39 $12.39

• •

m bo

la

st

ye

bu

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ar

ki

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to

ta i re

fic of

a

av co er a st ge

op

va te

re

av e

ge

ye

n/a n/a n/a n/a

ra

pa r

n/a 2016 2015 n/a

s

1991 1985 1978 1994

ta l

305 119 120 437

ls

4 4 4 18

e

st

ar

ilt

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M–Management company/Contact/Phone L–Leasing company/Contact/Phone

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Address/Building name

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Surrey 15127 100 Ave/Guildford Landmark 15117 101 Ave 15225 104 Ave/Guildford Office Park 13401 108 Ave/Station Tower

L–Avison Young/Josh Sookero/Nicolas Bilodeau 604-647-5091 M–Bosa Commercial 604-294-0666/​L–Avison Young/Matthew Craig/Josh Sookero 604-647-5076 L–JLL/Andrew Astles 604-998-6045 M–Redstone Group/Jamie Fiander 604-596-5622/​ L–Avison Young/Josh Sookero/Nicolas Bilodeau/Matthew Craig 604-647-5091 13479 108 Ave/Gateway Place L–Avison Young/Matthew Craig/Josh Sookero 604-647-5076 7485 130 St/Surrey Central Business Park V M–Redstone Group 604-596-5622/​L–Avison Young/Nicolas Bilodeau/Josh Sookero 604-647-1336 7445 132 St/Surrey Central Business Park I 7455 132 St/Surrey Central Business Park IV 7495 132 St/Surrey Central Business Park II 7565 132 St/Surrey Central Business Park III 7327 137 St/The Offices at Newton 7337 137 St/Newton Landmark II 9639 137A Ave/City Centre Phase 2 1688 152 St/Ocean Pointe 3231 152 St/ The Professional Centre at South Point 5455 152 St/Benchmark Business Centre I 5477 152 St/Benchmark Business Centre II 5620 152 St/Rodeo Square 10470 152 St/Guildford Corporate Centre 10189 153 St/GTC Professional Bldg 5577 153A St/Panorama Place Bldg 1 2121 160 St/Grandview Pointe 2411 160 St/Grandview Corners 14928 56 Ave 13798 94A Ave/ Surrey Health Sciences Centre 13737 96 Ave/City Centre Phase 1 13761 96 Ave/City Centre Phase 3 2626 Croydon Dr/ Grandview Business Centre 2630 Croydon Dr/Croydon Business Centre 7130 King George Blvd/Newton Crossing 9830 King George Blvd/ The Hub @ King George Phase B 9850 King George Blvd/ King George Hub Phase B 10045 King George Blvd/ Central City Tower 2 7404 & 7488 King George Blvd/ King’s Cross Shopping Centre (Office) 9808-9900 King George Blvd/ The Hub@King George Station Phase A

45,000 55,000 48,856 208,290

n/a n/a n/a 13,145

45,000 64,185 48,856 221,435

56,000 65,673

38,500 n/a

M–Redstone Group 604-596-5622/​L–Avison Young/Nicolas Bilodeau/Josh Sookero 604-647-1336 M–Redstone Group 604-596-5622/​L–Avison Young/Nicolas Bilodeau/Josh Sookero 604-647-1336 M–Redstone Group 604-596-5622/​L–Avison Young/Nicolas Bilodeau/Josh Sookero 604-647-1336 M–Redstone Group 604-596-5622/​L–Avison Young/Nicolas Bilodeau/Josh Sookero 604-647-1336 M–Value Property Group 604-606-7001/​L–Value Group Properties M–Oviedo Property Mgmt 778-218-2657/​L–Colliers/Brent Heed 604-661-0851 L–Colliers/Jason Teahen/Rob Chasmar 604-661-0847 M–V1500 Holdings Inc 604-984-2899/​L–SDM Realty Advisors/Jeff Toews 778-383-6280 L–Colliers/Jason Teahen 604-661-0847

72,500 57,383 72,000 82,000 33,000 48,880 159,000 56,000 71,779

M–Benchmark Properties/​L–Benchmark Properties/Leslie Koole 604-533-1138 M–Benchmark Properties/​L–Benchmark Properties/Leslie Koole 604-533-1138 L–Colliers/Jason Teahen 604-661-0847 L–Avison Young/Nicolas Bilodeau/Josh Sookero 604-647-1336 L–Colliers/Brian Mackenzie/Mike Grewal 604-661-0829 M–Panorama Park Investments Ltd/Alex Polacco 604-542-4800/​ L–Re/Max Commercial Advantage/Gordon MacPherson 604-510-5555 L–Epic Investment Services/Lindsay Syhlonyk 403-668-7205 L–Re/Max Commercial Advantage/Rachel McGladery 604-290-8777 L–Re/Max Commercial Advantage/Gordon MacPherson/Ryan Schwarz 604-510-5555 L–NAI Commercial/Gary Niesner 604-514-6832

336 189

600 293

239

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Langley 3 3 6 4

Maple Ridge 22470 Dewdney Trunk Rd/ Maple Ridge Business Centre

Port Moody 130 Brew St/Suter Brook Village North 220 Brew St/Suter Brook Village South

BIV_OfficeSpace2020_40R.indd 39

M–Onni Group/Steve Jantzen 604-259-2472/​L–Cushman & Wakefield/Craig Ballantyne 604-608-5928 185,000 M–Onni Group/Steve Jantzen 604-259-2472/​L–Cushman & Wakefield/Craig Ballantyne 604-608-5928 137,602

100,000 285,000 6 26,170 163,772 9

2020-04-29 9:53 AM

modern office. distinct neighbourhood.

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Yaletown Roundhouse

creekside park

thornton park

main st

office units now selling & under construction in mount pleasant – move in Q2 2021 hinge park

contemporary strata office spaces

olympic village in the heart of Mount Pleasant

• secure, underground parking

• surrounded by desirable amenities, inspiring businesses and exciting opportunities

• ceiling heights optimized for office spaces

2nd ave • located on majorwtransportation routes with convenient downtown, highway, transit and bike access

• common top floor outdoor patio with North Shore mountain views

w 3rd ave transit score of 85 • a walk score of 98 and

main st

• end of trip facilities

cambie st

w 1st ave

mount pleasant e 4th ave

w 5th ave

call today for more information or to visit our presentation centre. yukon st

604.647.5096 | houss.org

w 6th ave

quebec st

w 6th ave

ontario st

columbia st

1

w 7th ave

Jason W. Mah*, Principal

jonathan rogers park

*Personal Real Estate Corporation

w 8th ave w broadway

Conwest FP 46157.indd 1 BIV_OfficeSpace2020_40R.indd 40

99 b-line

w broadway

e broadway

2020-03-16 9:53 3:25 AM PM 2020-04-29