Industrial land needed to keep businesses in Metro Vancouver: Report

Industrial jobs in Metro Vancouver pay 14% higher on average, but high costs and limited options are prompting businesses to seek locations outside of British Columbia. The region is experiencing a softening industrial real estate market after years of record-high rental rates and low vacancy rates. Despite the recent slowdown, the scarcity of industrial land remains a challenge for businesses in need of warehousing, manufacturing, and distribution space.

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