Presentation on theme: "LMLGA May 9, 2013 Harrison Hot Springs, BC. Who is NAIOP? NAIOP represents commercial real estate developers, owners and investors of Office, Industrial,"— Presentation transcript:
LMLGA May 9, 2013 Harrison Hot Springs, BC
Who is NAIOP? NAIOP represents commercial real estate developers, owners and investors of Office, Industrial, Retail and Mixed-Use properties. It provides strong advocacy, education and business opportunities, and connects its members through a powerful North American network.
Who is NAIOP? 18,000 members in US, Mexico and Canada 51 Chapters overall 1 of 4 Canadian Chapters (Toronto, Calgary, Edmonton) Vancouver Chapter has 1,400 local individuals and organizations in its network Municipalities as members
Major contributor to BC economy Cost of Business Survey (14 th annual) Monthly industry breakfast sessions on key commercial real estate topics. Host quarterly dialogue roundtables with senior leaders of municipalities and our industry leaders We participate in local planning initiatives (i.e.Cambie Corridor, Central Broadway ) Feedback on regional initiatives – Translink, Regional Growth Strategy What are we known for?
NAIOP Members’ Buildings In Metro Vancouver
NAIOP Members’ Buildings In Municipalities Outside City of Vancouver
Property Tax Contributions In Metro Vancouver
Property Tax Contributions In Municipalities Outside City of Vancouver
Employment Contribution In Metro Vancouver
Economic Activity & GDP Contribution In Metro Vancouver
Work with us We welcome the opportunity to provide feedback on planning initiatives underway We make an effort to acknowledge efforts made to support the industrial and commercial industry through our annual NAME awards Join NAIOP Vancouver and benefit from the dialogue and network Check us out at www.naiopvcr.comwww.naiopvcr.com
Industrial Land Inventory Review Metro Vancouver completed an inventory of Industrial Land in 2010 The study was updated in 2012 and identified 4,521 acres as available in the short to medium term (to 2017) as readily available for development and 2,000 acres post 2017 11-16 year supply based on historical absorption
NAIOP retained the services of Pacific Land Group to analyze the Metro Report’s findings for land available in the short term (before 2017) NAIOP wants to ensure that Key Policy makers are using accurate information when making policy decisions that affect the industrial and commercial land base NAIOP wants to work with all levels of government to identify new opportunities for designation of industrial land
NAIOP’s interest is aligned with the region’s interest in ensuring that the region retains the ability to support the expected future growth in employment both in the short to medium term and in the coming decades. We want to work with regional and local policy makers to not only maintain an appropriate mix of industrial land but also to expand the base to meet future needs..
1,525 acres of land were impacted by at least one development constraint. 2,443 acres of serviced land available for near team development. Based on average absorption, the full 2,443 acres could represent approximately between a 6 to a 9 year supply. Key Findings
Availability of land for Distribution, Regional contractors, food service and agricultural cold storage facilities, national and international logistics, e-commerce, and large scale manufacturing corporations is limited in the short to medium term. The full report will be released at NAIOP’s June 20th Industrial Land Forum Key Findings
NAIOP is not in favour of the establishment of an Industrial Land Reserve (ILR) An ILR will limit the ability of the region to respond effectively to market forces and infrastructure changes shift uses and transportation patterns over time. There is currently enough protection contained both within the Regional Growth Strategies as well as local municipal zoning to protect currently zoned and designated industrial land
THANK YOU For more information, please visit: http://naiopvcr.com http://naiopvcr.com Or Darlene Hyde at firstname.lastname@example.org