Vancouver Industrial
Tenant

Industrial Site Selection Checklist

Picking the wrong submarket is more expensive than picking the wrong building. Run the math before you commit.

5 min readFor: Tenants evaluating where to locate or relocate

Customer geography

  • Where are your customers?
  • How much driving time do you save (or add) per delivery?
  • Quantify it: trips/week × minutes × hourly cost × 5 years
  • Is your address part of your brand identity?

Labour catchment

  • Where do your current employees commute from?
  • How does the new location change their commute?
  • Sky Train, bus, and bike access to the building
  • Free or affordable employee parking

Truck routing

  • Designated truck routes to and from your building
  • Time-of-day restrictions
  • Highway access (Hwy 1, Hwy 99, Hwy 17, Hwy 91)
  • Tunnel and bridge bottlenecks for your routing
  • Port and rail access if relevant

Submarket fit

  • Building stock matches your size + loading + clear height
  • Comparable tenants in the area (do not stand out as wrong fit)
  • Supplier and partner proximity
  • Permitting and inspection regimes by municipality

Total occupancy cost

  • Net rent + operating cost + property tax + utilities
  • Moving + tenant improvement + downtime cost
  • Lease term length and renewal optionality
  • Currency on your timeline — what changes in 3 / 5 / 10 years
"A shorter customer drive can be worth more than a lower lease rate. Quantify it."
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