14 - Wednesday, April 1, 1987 - North Shore News

INDUSTRIAL

N. Shore experiencing lack
of industrial land

From page 13

But most of that fand is either
already in use or privately ow sed.
“We don’t have a lot of bara
dirt,’” said city planner Richard
White.

“We don’t have much land to
open up for industrial use,’’ he
said. ‘‘There is land that is not be-
ing used as much as.it could be,
but it is privately owned, and we
can’t do anything about it — we
can’t tell Park and Tilford to
utilize its land better.’*

The District of North Vancouver
is the only area on the North Shore
with much room for expansion,
Britton said.

-The district is considering an in-

.. crease in industrial space, but its
“economic strategy’’ is still being
developed, he said.

The industriel land base in the
district totals 14% per cent, said
North Vancouver. District research
analyst Brenda Dahlie, adding that
much of the land is undevelopabie.

The district’s largest project
right now, Maplewood, . has: 45
hectares of Jand developed for in-
dustrial use, and another 31 hec-
tares are available, Dahlie said: |

Britton agrees that there | is
potential land there, but says that

: much of the land is privately own-
“The district has to take the
fea. 7.
- + , “If they don’t get more land i in-
“to the developed industrial area,
‘then they will be losing. out on
taxes,” he said, “and the taxes
they get now are very slight.” i

- The district will open up more

land, Britton believes, when ‘the

oT joa -
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te

economic demand increases.

“Taxes are a little high here, and
land costs and rent are higher,”
but as pressure grows for more in-
dustrial land, it will become fea-
sible for the district to sell some of
its property, he said.

Other regions are experiencing a
shortage of industrial space ‘ulso.
Richmond and Burnaby have few
vacancies, Britton said, and Co-
quitlam and Surrey have vacancies,
but for larger pieces of land.

reaitor

““We don’t have the demand for
50,000-square-foot Jots,’’ he said.
“We have mostly small manufac-
turers, because the tax base is too
much for large production facili-
ties.”

Industrial property can run be-
tween $40 and $80 per square foot
for a strata title, ‘‘depending on
where and what,’’. Britton said,
and the vacancy rate for light in-
dustrial use is less than five per
cent.

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984- S711

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roa

ESPLANADE ||

CENTRE

Retail & Offices for Lease

Paiute. Esplanade Centre of-
fers variety of sizes at the best ]
raies in the area. Retail
Spaces from 500 to 2,000
sq.ft. and offices from 570 to
2400 sq.ft: some with terrific
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Phone now for terms & rates

f

REALTY CORPORATION

WEST VANCOUVER
FOR LEASE

1,225 sq.ft. main floor retail
space: 7 yr. old, AIC conc.
bldg. in the heart of
Ambleside. Asking $16. sq.ft.
net. Try an offer!

TOM WARDELL 926-5848

UNIQUE KIOSK
AVAILABLE
LONSALE QUAY

A one-man operation. Ex-
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Presently operated as a
Chocolate Shoppe, but could
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details call

GRACE BARDEN

984-2295

COMMERCIAL

NEW RETAIL SPACE
116 West 15th Street,

1000 to 4000 square feet available.
* Small offices 350 - 1500 sq.ft. Very reasonable

Professional Realty 736-1266 ask for Ken Ronaldcs

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DOWNTOWN COMMERCIAL BLOCK
6 solid leases producing $50,000-300,000 net. Full price just $485,000. Owner
will help finance. Adjoining dim Pattison’s newest development project. Try
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.HIRISE SITE 7
New Westminster 132x132. Maximum
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1127 W. 14th St, “N. Van. ° :

AUTOMOTIVE REPAIRS
Excellent business. Close to £100,000.
Gross income. Asking only $29, 000.
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APARTMENT BLOCK. $1, 695,000
Vancouver - 46 units - excellent finan-.
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$1,695,000. _
RECORD BUSINESS $9; 900
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SHOPPING PLAZA
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DRY CLEANING
Located in high traffic area in North
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GASTOWN PROPERTY
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926-6350, 988-6131 *