Industrial lands are crucial to support a prosperous, sustainable regional economy and to provide space to accommodate the many industrial services needed in a growing region. About 23% (275,000) of the region’s jobs are accommodated on industrial lands.
Metro Vancouver’s industrial lands are used mainly for manufacturing, transportation/warehousing, wholesale trade, retail trade and professional/technical services. Much of our industrial land provides for the day-to-day needs of the region’s population, providing locations for services like vehicle repair, hotel laundry services, catering companies, breweries and couriers.
In our port-based region, a significant amount of land is needed for container storage, freight forwarding, warehouses and other distribution functions that keep the region connected to Canada and the rest of the world.
Growing demand, shrinking supply
Due to a constrained land base and strong demand for all types of land uses, the regional supply of industrial land is under significant pressure for conversion to residential, retail and commercial uses, all of which have a higher land value. Demand for industrial land is increasing and the region will face a shortage of industrial lands in the next 10 to 15 years. The resulting lack of available lands and high costs could slow job growth, discourage businesses from locating or expanding in the region and put pressure on agricultural lands.
Metro Vancouver’s role
Metro Vancouver 2040: Shaping our Future (the regional growth strategy), aims to protect the region’s supply of industrial land and promote its efficient use. Metro 2040 also encourages office and other major developments to be located in Urban Centres and along the Frequent Transit Network. Working with TransLink and Port Metro Vancouver, the plan supports a strong, prosperous economy, job diversity and an efficient goods movement network.
Metro Vancouver provides research and policy advice to advance practical and innovative forms of industrial development throughout the region. This research includes exploring industrial land inventory utilization, market readiness, and potential for redevelopment and more intensive use.