News & Rumours in Vancouver Tech office space

Since this is my first post for Techvibes, I thought a brief introduction would be a good idea. I am a commercial real estate broker for Colliers International’s Corporate Representation Group. My team and I specialize in tenant representation in Vancouver, providing our clients with strategic planning for a variety of leasing projects such as: relocation, expansion, sublease disposition, consolidation, renegotiation and renewal.

I deal with many companies in the technology sector (like Elastic Path Software, Vision Critical, and Entity FX, to name a few), and thought Techvibes readers would be interested in hearing about great tech office space that is available, who’s moving where, who’s growing, etc. Even though tenants have more options in the current market than they have had in the past couple of years, it is still key to get the information first, as the best spaces are still leasing up quickly.

I know that regular readers of Techvibes are already well aware of large blocks of space coming available downtown from companies like EA (250 Howe Street), and Nexon Publishing (840 Cambie). However, there are other great opportunities out there that aren’t as mainstream and may not have received as much press.

With that in mind, I’ll highlight a couple of great opportunities for creative, funky space, that can come furnished, wired, and ready to go. Firstly, Intrawest has just decided to sublease out over 17,000 sq. ft. at The Landing (375 Water Street). This is some of the best funky, brick & beam space that I’ve seen. The space can come fully furnished, and can be demised into smaller portions (6,000 sq. ft. minimum) to suit incoming subtenants.

On the smaller end of the spectrum, a company called AIIT is subleasing 2,200 sq. ft. of space in the southern end of downtown at 1045 Howe Street, which can be leased with brand new furniture, phone systems, and server equipment. Perfect for a company that wants to be set up right away and not pay for any up-front infrastructure costs. Additionally, Leap In Entertainment has just put their 5,000 sq. ft. of space on the very same floor on the sublease market. The spaces are contiguous to each other, and could possibly be subleased together or separately, depending on an incoming tenants needs.

For companies interested in a great heritage building in Crosstown, the Sun Tower, at 100 West Pender Street, is offering great opportunities from 1,000 – 50,000 sq. ft. This building is very unique, because the upper floors are comprised of a thin spire, so tenants can take a full floor of 1,800 sq. ft. and have a great profile presence, not to mention a great view, from the upper 9 floors of the building. For larger tenants, the first 8 floors of the building offer larger floor plates of up to 8,000 sq.ft., but they can also be split into smaller portions to suit. It is also possible to negotiate with this landlord for “turnkey” solutions for your office space, where the landlord will build out the space to suit your needs as part of the deal.

Those are just a couple of quick options out there that you may not know about. The market is changing daily, with new sublease opportunities popping up constantly, so I’ll be posting more news about new spaces as they come available, so that Techvibes readers can be in the know before the rest of the market.