With an extremely limited and declining supply of industrial land in and around Vancouver, it’s not often there’s an opportunity to buy industrial property in the city. But PC Urban is now launching a new business park near Cambie and Marine. IntraUrban will allow investors and business owners the very rare chance to own commercial property within the city of Vancouver.  
Intraurban is transforming a 4.5 acre property into 170,000 sf of new, quality, multi-level commercial space at 8811 Laurel Street, just south of SW Marine Drive. It will be the first new industrial strata development in the area in 5 years. With the average price of industrial strata increasing by 90% over the past ten years (see the chart), this is a smart investment move for businesses wanting a location in the city. 
For investors, this is an opportunity to buy commercial property at one-third the cost of residential. New residential condos in Vancouver cost, on average, $1,000 per square foot. Intraurban offers commercial property for one-third of that price.
The area at Cambie and Marine is in the midst of a massive transformation, with 8,500 new homes planned or under construction, serviced by 380,000 sf of new retail. For businesses and their employees, the location is a 15 min drive to downtown and offers easy access to Highway 99, the airport, the port, Richmond, Burnaby and the US border. It is a three block walk to the Canada Line.
Intraurban will be a collection of three buildings, offering a limited number of affordable, small-bay, commercial strata properties. CBRE’s Chris MacCauley says businesses and investors have already shown strong interest in this project because it’s the only offering of its kind right now in Vancouver or Richmond. He says it is appealing to businesses like architecture, construction and wholesale businesses that serve the Vancouver market. “This is the first and only new ownership opportunity currently in Vancouver and the market has responded with enthusiasm,” says MacCauley.

For more info, please check out the website: www.intraurban.ca