480 Railway Street Vancouver
- Property size 151,715 ft2
Maker Exchange - office for lease
12,188 - 25,000 ft2
Office LeaseContact us for price
A rare opportunity to acquire a development ready project of scale in the Vancouver office market.
- Development Ready - Entitlements in place on this landmark project. This project is based on 151,715 sq. ft. of brand new modern concrete construction across 7 storeys, premium finishes with underground parking for 173 vehicles, outside balconies, and a rooftop terrace with exceptional water and mountain views.
- Largest Contiguous Development Site in Railtown - 30,354 sq. ft. site encompassing a half block in the heart of Railtown's main strip. The site boasts 252 feet of frontage along Railway Street. Floor plates between 12,188 - 25,000 sq. ft. offer efficiencies to larger tenants, but also provide flexibility in demising for smaller tenants.
- Attractive Location - Home to many of Vancouver’s iconic brands, the area has become a hub of innovation and design. Within walking distance of Vancouver’s largest transit station, the downtown core, and the trendiest bars, restaurants, shops and cafes in the city.
- Excellent Office Fundamentals - Vancouver’s office market has been performing at historic levels largely driven by the tech sector. The market has experienced record absorption figures that have outstripped the pace of supply and in turn, pushed rental rates throughout the City. Vancouver’s office market is anticipated to continue this trend and push vacancy rates to near record lows over the coming years. Additionally, strata sales have had a significant impact on the Vancouver office market with prices achieving upwards of $2,075 per sq. ft. for landmark office developments.
- Well Positioned Ahead of The Next Office Development Cycle - Development activity is booming in the Vancouver office market as demand is outpacing supply. There are currently 11 developments under construction in downtown Vancouver totaling 2.3 million sq. ft. with over 920,000 sq. ft. (40%) already pre-leased or presold It is forecast that all this remaining space will be absorbed within the next twelve months.
- Available Clear Title - The property is available free and clear of any existing debt, allowing potential investors to benefit from the historically low cost of debt environment.
For further information please contact the listing brokers.