Bridgeport Business Centre Provides Solution to Tight Office Market
Richmond, BC – Chunghwa Investment seizes the opportunity of developing a AAA purpose-built office and commercial strata development to meet the demand of the market for users to own their own space. Bridgeport Business Centre, when completed by mid-2021, will add close to 130,000 SF of office space to the tight office market. The site, conveniently located at Bridgeport Road and Highway 99 in Bridgeport Village, is close to transit and the Vancouver International Airport. It is designated as a business hub that will include two office and commercial buildings and two Marriott hotels.
This provides convenience to local businesses and out-of-town guests alike. The initial phase will provide office users the unique opportunity to own their own space in a Richmond market that has had limited new supply in recent years. "Currently, the vacancy rate of office buildings is 7%, but for buildings that are on transit, the rate is as low as 2%," says Graham Davidson.
Mr. Chen, CEO of Chunghwa Investment says, “With a nine-year proven track record of investing and building in Greater Vancouver, we are ready to launch this business complex to provide a solution to business owners and investors who would like to take advantage of this strategic location in establishing their businesses.”
“The opportunity of owning a piece of commercial property is hard to come by in Canada. Capital investments bring long-term value since operating expenses and mortgage interest can be written off,” adds Chen. The office building is built to LEED Silver equivalent with bike storage and end-of-trip facilities; it is only a short walk to the Bridgeport Skytrain station.