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PCI Development - Surrey Centre Project

Real Estate Development

Jason Teahen

on 7 June 2011

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Transcript of PCI Development - Surrey Centre Project

Surrey is B.C.'s 2nd largest city 800 new residents per month WHY COLLIERS? Why Surrey? A Class vacancy rate in Central City is 0% No property taxes for 3 years
DCCs Reduced by 30%
Deferred DCC payments
Building permit fees reduced by 50%
Density-bonus waived SHOULD PCI SPEC A 100,000 SF? Jason works here Rob works here Surrey Office Market Overview

3.5 million square feet
3.4% vacancy rate
Average annual absorbtion - 187,000 square feet
2011 absorbtion - 67,000 square feet - so far Competitive Product Future Projects
1. Scott Road Project
2. Gateway Office Park
3. Civic Centre Project
4. Surrey Healthcare Centre
5. Hollandpointe
6. 9677 King George Blvd. Current Projects
1. Station Tower
2. Central City
3. Benchmark Business Centre I & II population expected to surpass Vancouver by 2030 YES
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