News

Tips for Business Preparedness for Occupy Vancouver Protest: DVBIA has released and outline of what businesses may expect with the upcoming 'Occupy Vancouver' protests ....More

Important Changes to our Recycling Program: We'd like to anounce changes to the recycling programs in all buildings besides the Flack Block. The linked documents below outline ....More

DVBIA Supports Riot Review Report : The Provincial Riot Review has now been released on the Stanley Cup riots in downtown Vancouver and the DVBIA supports it's call for action ....More

The Downtown Vancouver Business Improvement Association (DVBIA): The DVBIA serves a 90-block area that consists of 8,000 businesses, property owners and tenants ....More

A Tenant Shower/Change Room facility: in the lower level of 890 West Pender is available for the exclusive use of tenants. ....More

Tenant to Tenant: provides a venue for tenants to communicate with each other. You can advertise and promote your services, organize ....More

Environmental Programs: West Pender Property Group is committed to being, and helping our tenants to be, responsible, environmentally active citizens. ....More

Our Staff: The staff of West Pender Property Group wishes to ensure that you are comfortable and safe in your work environment  ....More

Conference Facility: Conference Facility: A conference facility if available for rent to all tenants in West Pender Property Group managed buildings ....More

Leasing: The Vancouver Office Market: The Metro Vancouver office leasing market has a current (1/28/2011) vacancy rate of 8.4%, however . ....More

West Pender Property Group

The Vancouver Office Market: The Metro Vancouver office leasing market has a current (1/28/2011) vacancy rate of 8.4%, however Downtown is significantly lower at 5.2%. Within the different classes in Downtown the vacancies are as follows: AAA buildings are at 3.9%, A buildings are at 2.8%, B buildings are at 6.7% and C buildings are at 10%. Current vacancy in the West Pender Group portfolio stands at 5.5%.

Leasing activity has increased since December 2010 with many requests being received for showing of available units and units that will be available in the next 6-12 months. There appears to be a return to optimism and expansion in many tenant sectors and this has translated into a steady increase in leasing activity and rental rates.

Reports are that several new office building projects are planning to commence construction in 2010 and given the required time to obtain permits and actually construct an office building this will likely mean that there will be an increase in office supply, albeit mostly Class AAA, in 2015/2016.

- Andy Molloy

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