INDUSTRIAL MARKET OVERVIEW Presented to: Metro Vancouver Planning Committee Presented by: Curtis Scott Manager, Market Intelligence Western Roy Pat Industrial Sales & Leasing Canada Vancouver
PRESENTATION AGENDA 1. Metro Vancouver Industrial Market Overview A. Current Inventory B. Metro Vancouver vs. Canadian Major Markets C. 10-year Historic Activity D. Supply / Demand 2. Non-Traditional Occupier Demand Market Overview
INDUSTRIAL OVERVIEW
METRO VANCOUVER INDUSTRIAL INVENTORY Market Overview
CANADIAN CONTEXT Market Overview
CANADIAN INDUSTRIAL MARKET Market Overview
CANADIAN INDUSTRIAL MARKET Market Overview
HISTORIC AND FORECASTED TRENDS Market Overview
METRO VANCOUVER INDUSTRIAL MARKET 2007 2017F Market Overview
SUPPLY / DEMAND Market Overview
UNDER CONSTRUCTION Q1 2017 Market Overview
HOW MUCH SPACE IS NEEDED? Market Overview
HOW MUCH SPACE IS NEEDED? Market Overview
NON-TRADITIONAL DEMAND Market Overview
8355 RIVERBEND COURT, BURNABY Market Overview
FILM INDUSTRY IMPACT TO INDUSTRIAL Market Overview
13471 CRESTWOOD PLACE, RICHMOND Market Overview
3810 JACOMBS ROAD, RICHMOND Market Overview
LOOKING FORWARD Multi-level, Stacked Warehousing in Urban Areas Lease Rates Increasing due to Limited Supply Tenants Moving South and East due to Redevelopment Market Overview
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Market Overview
IRONWORKS STACKED INDUSTRIAL/OFFICE Market Overview
Presentation to Metro Vancouver - Regional Planning Committee Peter Hall Urban Studies, SFU 9 June 2017
Questions for industrial land policy in a port-logistics region: This is a port-logistics region, but it is not only that: In what ways are trade-enabling uses like or unlike other industrial land uses? How does the region balance and link big/macro flows and small/local flows? How can joint urban and port planning facilitate the next economy? Spatial restructuring and rescaling (the region, the districts, their connectivity) Inequality (in our cities, in shipping, in manufacturing) Sustainability (greening, displacement, innovation) Lack of shared knowledge (port, industry, city) and opportunity structures Traffic planning in port-cities Metaphor matters Emerging better practices Six principles for improved port-city-waterfront(-industry) planning
An opportunity structure is not a static phenomenon, but a complex of relations that shifts and changes through time. Nor is it something that can be easily known; instead, knowledge about it develops through experience. An opportunity structure is not a clearly delineated and contained action space. Healey, 2009: 443-4
metaphors influence how we understand and communicate about the dimensions of an issue, and the potential solutions; they also influence which stakeholders are invited to participate in the decision-making.
Make space for flexibility When at the water, think about the land Cross the land-water divide Educate, meaningfully Institutionalize sites of learning Plan incompletely Six principles for improved port-city-waterfront and -industry planning
Sources: Hall, Peter. Traffic planning in port cities. OECD-ITF Roundtable on Container Port System of the Future. Buenos Aires, 10-11 April 2017. Hall, Peter. How can joint urban and port planning facilitate the next economy - flexible frameworks of port and city? 15th World Conference, Cities and Ports, "Crossovers", Rotterdam 5-7 October 2016. Hall, Peter. Manufacturing logistics, in JB. Bryson, J Clark and V Vanchan. (eds), 2015. The Handbook of Manufacturing Industries in the Global Economy, 58-70. Northampton, MA: Edward Elgar.
Metro 2040 Sewerage Area Extension Request 1373 200 ST, TOWNSHIP OF LANGLEY Jaspal Marwah REGIONAL PLANNER Regional Planning Committee, June 9, 2017
1373 200 Street Langley Township Zoning OCP Rural Community Plan Metro 2040 Rural Agriculture Small Farms/ County Estate Agricultural ALR Sewerage Extension Area Yes *
6.9 Sewerage Area Extensions 6.9.1 Notwithstanding any other provision in this Regional Growth Strategy, the area identified on Map 12 as Rural within the Sewerage Area includes part of the Salmon River Uplands in the Township of Langley that is contained within the Greater Vancouver Sewerage and Drainage District s (GVS&DD) Fraser Sewerage Area. For the areas identified on Map 12 as Sewerage Extension Areas known as North Salmon River Uplands and South Fernridge in the Township of Langley, sewer servicing will be permitted subject only to land uses being consistent with the applicable regional land use designation and normal GVS&DD technical considerations.
Urban Centres and FTDA Review Update PHASE 1 FINDINGS AND NEXT STEPS Erin Rennie SENIOR REGIONAL PLANNER Regional Planning Committee, June 9, 2017
Urban Centres and FTDAs: Critical tools for shaping growth and realizing the vision in Metro 2040 2
Metro 2040 targets 40% of dwelling unit growth to Urban Centres + 28% to good transitoriented locations along the FTN 50% of employment growth to Urban Centres + 27% to good transitoriented locations along the FTN 3
Scope of Review Evaluate relevance and effectiveness of current growth structuring tools and policies Advance Metro 2040 objectives associated with Urban Centres and FTDAs Integrate growth structuring tools with transportation planning tools Improve service to member jurisdictions 4
Key Issues 1. Lack of clarity in the Urban Centre or FTDA structure / hierarchy 2. Limited and varied identification of FTDAs in RCS 3. Lack of clarity of value proposition for municipalities to identify FTDAs and role of MV &TransLink. 5
Phase 1 Understand how UC & FTDAs are being used and how they are working. 2015-2017 Phase 2 Develop and test options for improving UC & FTDA tools. 2017-2019 Phase 3 Develop new policy and tools. 2019-2021 10 year RGS Review 2021 UC&FTDA Review: Goals and Timeline 6
Phase I: Activities & Findings 1. Data Profiles 2. Municipal and Agency Workshops Not all density is created equal. Complete communities matter. Challenge of fostering the economic role of Centres Challenge of leveraging development for particular amenities. FTDA tool can be useful but has limitations, especially before a planning process has taken place. 7
Phase II & Next Steps Integrate lessons from ongoing Regional Planning projects 2016 Centre Data Profiles Continue to study, develop, test, and refine UC & FTDA policies Opportunities for municipal knowledge sharing 8
Thank you