Metro Vancouver Industrial Overview

South Fraser Perimeter Road Opening Imminent as Drivers Rejoice

Stefan Morissette_Andrew LordThe days of massive traffic lineups along one-lane highways will soon end, with the completion of the second half of the new South Fraser Perimeter Road. The remaining portion of the four-lane roadway, which tops $1B, opens next month. According to an Avison Young's Fall Metro Vancouver Industrial Overview, owners and users are likely to focus more on markets served by the SFPR. A key in realizing a return on the investment in the SFPR will be making new lands available for industrial development along the route, the report says. "The most significant impact will be seen in the Tilbury area of North Delta from the Massey Tunnel through to the Alex Fraser Bridge," Colliers senior associate Stefan Morissette (right) says.

Source: Bisnow

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