[ad_1]
The remarkably low office vacancy rate in Vancouver does not seem to be easing anytime soon.
Citing sources, Bloomberg reports that Apple Inc. plans to occupy two floors in the new development of Westbank Corp., located at 400 West Georgia Street.
The tower, still under construction, is across from the old Canada Post building where Amazon.com, Inc. plans to occupy 416,000 square feet on the redeveloped site, as it will add 3,000 workers in the coming years. .
Apple has not responded to a request for information from Media Glacier.
A report released earlier this week by CBRE Realty Services reveals that Vancouver is becoming a destination of choice for technology companies.
This year, the city climbed 13 places to 12th place in 50 North American markets, according to the Scouting Talent Report in 2019.
Jason Kiselback, vice president of CBRE Vancouver, said Media Glacier The west coast tech giants are increasingly attracted to Vancouver because of the low costs badociated with running a business.
Average sector wages are relatively low in Vancouver – $ 80,857, compared to $ 169,461 in San Francisco – which keeps costs down, while the average rent is set at $ 3.27 million per 75 000 square feet.
CBRE found that Vancouver was the second cheapest city in which to operate in 50 markets badyzed.
– Tyler Orton, business in Vancouver
[ad_2]
Source link
