News
Port Metro Vancouver Risks Running Out Of Land
January 4, 2016
Metro Vancouver has just 1,000 acres of available trade-enabling industrial land, a dwindling supply that could be exhausted in a decade, a new study from Port Metro Vancouver warns. The study, by Site Economics, examined the inventory of vacant land that's suitable for logistics and goods movement (capable of housing marine terminals, distribution centres and warehouses). Roughly 1,500 to 3,000 more acres of trade-enabling industrial lands will be required in the next five to 10 years to keep up with a growing Canadian economy and avoid hitting what Port CEO Robin Silvester calls an “economic brick wall.” (Though those bricks would be handy as the cost of construction material rises.)
