With vacancy rates increasing in Metro Vancouver developers are finding new ways to attract tenants.
Unoccupied office units in the area are at their highest since 2005, reaching 9.3 per cent in Q2 of this year. Developers are now engaging with potential new clients to help them build the properties they want to occupy.
While this may not be unusual when building large-scale office accommodation for bigger clients, these new levels of input are being afforded to smaller tenants.
Not too long ago, commercial real estate was stacked in favor of landlords and developers as space was tight, but experts now suggest it is turning more towards tenants calling the shots.
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