Damon Motors’ COO Dom Kwon helped his company partner with Bosa Properties to build an EV bike manufacturing facility in Surrey
Unprecedented demand has pushed Metro Vancouver’s industrial real estate vacancy rate to an all-time low of 0.6%, prompting lease rates to soar and manufacturing tenants to choose to locate outside the region.
Some headway in creating future warehouse space came on October 29, when, in a contentious vote, Metro Vancouver’s 40 directors, with weighted votes, approved by a 134-82 margin Surrey’s request to redesignate South Campbell Heights land for employment purposes.
Executives who have been able to find needed Metro Vancouver industrial space for corporate expansion count themselves fortunate.
“Had it
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