While the film and television industry is not often considered a typical industrial real estate user, it now occupies a significant amount of industrial space in Metro Vancouver.
The B.C. Film Industry and Industrial Real Estate Spark Report discusses:
- The film and television industry’s specific building requirements that make particular industrial buildings more suitable and desirable to this sector. These requirements include:
- Clear ceiling heights, column spacing, parking requirements
- Proximity to the downtown core, noise considerations
- The distinction between studios and production companies, as well as how these companies use industrial real estate
- The location and square footage of studio space, both purpose-built and conversion, in Metro Vancouver
- The film and television industry’s production figures ($) over the past 10 years in B.C. and other provinces
- What Colliers believes to be the primary factors impacting the film and television industry’s demand for industrial real estate in B.C.:
- Tax incentives
- The Canadian (CAD) to U.S. dollar (USD) exchange rate
- The “Netflix Effect”
