Archives from August 2014

Emerging tech firms home in on Mount Pleasant

The commercial zone below Broadway has lower prices and more options than areas in and around downtown.

A change in tenancy this fall at a major office building in Mount Pleasant signals what a commercial real estate expert says is another step for Vancouver’s emerging technology companies as they hunt for office space without downtown prices.

The building, known as Radia Block, at 149 West 4th Ave., has housed Mountain Equipment Co-op’s headquarters since the 1990s. In October, MEC moves to its own new 112,000-square-foot building in the False Creek Flats.

Most of the interest in the 47,000-square-foot Radia Block is coming from existing technology companies with workspaces in more expensive neighbourhoods such as Gastown, Yaletown and Railtown (the industrial area east of Gastown), said Matthew MacLean, vice-president of commercial leasing and sales at Cushman & Wakefield. It’s the leasing agency on Radia Block, which could be taken by one or several new tenants.

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