The Conwest Group presents Velo, its newest tier-1 distribution centre for lease.
Velo, at 7400 Vantage Way in Delta, is Conwest’s newest industrial development, and its boldest investment to-date in the City of Delta. Velo features flexible demising options within its 203,172 SF footprint and offers 36’ clear ceiling height and 500 lbs loading capacity in an innovative and energy efficient facility. With construction well underway, Velo will be ready for occupancy only a few months away, in spring 2021.
Tilbury is one of the most sought-after industrial sub-markets in the region, largely a result of its location along the South Fraser Perimeter Road (Highway 17) and proximity to all major transportation routes traversing the region. Conwest’s Velo will provide a huge opportunity to Tilbury, which is struggling with few vacancies capable of handling the burgeoning needs of today’s growing and competitive key distribution players. According to Colliers’ most recent industrial market study, Q2 2020 was the thirteenth consecutive quarter of sub 2% vacancy across the Lower Mainland with Delta being at 1.3% vacancy.
“Velo is an innovative building in an unbeatable location. It offers a great option in an underserved market, meeting the distribution needs of leading companies while also contributing to our region’s economic growth by providing long-lasting space for business growth and local employment. It’s exciting to see this project quickly taking shape” commented Conwest principal Tony Marinelli.
“This is a big opportunity not only for Conwest, but also for the for City of Delta - undeveloped sites of this scale are scarce in inner markets like Delta. Compounding the demand side challenges is the overall undersupplied industrial market situation in Metro Vancouver with its 1.5% vacancy rate - well below the ten-year average 2.5%,”, stated Malcolm Earle of Colliers International.
Please contact Malcolm Earle to learn more