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Showing Faith in Vancouver's Industrial Prospects, Developers Start Third Large Speculative Project

Developers Remain Confident in Distribution Space Demand

Building 2 at Latimer Lake Logistics Park in Surrey, British Columbia, one of three speculative industrial developments currently under construction in greater Vancouver, May 2024 (Sam Chua/CoStar Group)
Building 2 at Latimer Lake Logistics Park in Surrey, British Columbia, one of three speculative industrial developments currently under construction in greater Vancouver, May 2024 (Sam Chua/CoStar Group)

A new distribution building commenced construction in the Vancouver market, the first since late January. Beedie broke ground on 4449 Salish Sea Way, Delta, a 485,675-square-foot building that is scheduled to be completed and ready for tenant fittings in a year.

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