Quote:
Originally Posted by Tapioca
I think a lot of people, including many working for the typical media rags, are a bit behind the times when it comes to the economy and land use. There is a substantial number of entrepreneurs and start-ups who don't necessarily need a lot of space to run their businesses. Now, I don't roll in the start-up circle, but the number of them in the region is growing by the day to the point where you can't deny their existence and thus their potential impact on the economy.
There are definitely a lot of people living on credit in the city, but there also those who do well and shelter their income through their companies. I've done a bit of reading and this seems to be a explanation put out by some local economists. This may explain why average incomes are lower in Metro Vancouver in comparison to other major cities in Canada.
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It's not just about small space, its also about major offices too. We cant think of just the small start-ups. What about mid-size companies with 20-250 employees? Not many new office towers or office areas being built outside of downtown. And if they are, they are being built in locations with poor transit routes like the industrial parks on Marine down in south burnaby.
Only major office space I can think of is the new metro tower 3 at metrotown, and the development at Renfrew and Broadway. But they could have made more density here as a lot of this space seems wasted. There should be more office spaces going up in brentwood, production way. We need more supply in order to make rents cheaper.