California tech giant Apple Inc. will be moving into a new Vancouver office space at 400 West Georgia, according to a report by Bloomberg.
The Bloomberg article states that the company will occupy 2 floors of office space in the new tower, citing unnamed sources.
Some other notable tenants of 400 West Georgia include Deloitte Canada and IWG Plc’s Spaces co-working units. Deloitte will occupy the top 10 floors of the building, taking up approximately 117,000 sq-ft. Spaces will occupy 120,000 sq-ft.
400 West Georgia is a 24-storey office tower comprised of multiple four-storey cubes stacked on top of one another, said to have been inspired by Japanese lanterns. Other features include glass floors installed throughout the building and vertical gardens.
The brand new office building is scheduled be completed by Spring 2020.
Vancouver has become an increasingly popular spot for tech companies in recent years. Amazon Inc. will be moving into a new 416,000 sq-ft. skyscraper in the former Canada Post building, adding 3,000 jobs to B.C’s workforce. Microsoft, Slack, and HootSuite are among the notable tech brands with offices in the the city.
A diverse and skilled workforce, lower sector wages, and cheaper rent for office space are a few of the reasons why tech giants are looking northwest to open their new offices. Currently, Vancouver has the lowest office vacancy space in Canada, sitting at 4.1 percent with Toronto coming in at second with 7.1 percent.
However, the construction of a handful of large-scale office towers in the coming years will create some much-needed space in downtown and maybe attract even more big brand tenants. Downtown Vancouver will be see the following developments added to its landscape in the next few years:
- 400 West Georgia (Westbank) Anchored by Deloitte, Apple and IWG Plc’s Spaces
- The Stack at 1133 Melville Street (Oxford Properties) Will be the tallest office tower in the city. Anchored by E&Y, law firm Blakes and law firm DLA Piper
- B6 at 1090 West Pender (BentallGreenOak) Anchored by BentallGreenOak
- The Post (QuadReal Property Group) Anchored by Amazon, Loblaws.
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