Quest for the Space II: The Bunker Buster

Space and infrastructure
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I can help on the space search committee, I’ve got flexible time, a vehicle and helped lead a space search for Protospace in Calgary.

Searching for spaces, I’ll contact places and put my findings in the spreadsheet.

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I’ve updated the wiki to archive our previous quest and to start tracking the new one, I suppose we can do this effectively with the discussions now, but at least the info is a bit more up to date now.

http://vanhack.ca/doku.php?id=hacks:quest_for_the_space

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Not serious, but seriously amusing: craigslist | canada

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This is divisible, and decently transit accessible (Broadway Station). It’s listed as being divisible down to 3k sf. Anyone looked at this one? http://spacelist.ca/p/bc/vancouver/3681_victoria_dr

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Those wood floors look great for welding with, or using an oxy torch to cut stuff up! I love it!

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I’m a bit confused here: people are saying that rent is $10/sf, which I assume means per square foot. By my calculations, $10/sf x 3000sf = $30,000 a month, not $3000!

Is the cost $10 per square foot or $1 per square foot?

How do we figure out if we can afford the rent?

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That’s an interesting one - good find! Will add it to the spreadsheet.

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That means $10/sq ft/year - i.e. $10/12 per month. I have no idea why they list things that way.

The final price is usually the $10 ‘base rent’ plus $X in taxes and operating costs (commercial leases are ‘tripple net’, which means everything gets passed on to the lessor) - so we can only afford it if ($base + $additional) * sq ft / 12 is reasonable.

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So in @ccudahy’s example here is the listing:

http://www.dtzvancouver.com/media/com_iproperty/pictures/Victoria%20Drive%203681%20DTZ%20INDUSTRIAL%20LEASE.pdf

Unit D is 3,609 sf, lease rate $6.95, taxes and operating costs is $5.10.

That means the lease is 3,609 * 6.95 / year (25118.64) and operating is 3,609 * 5.10 / year (18405.90)

Add them up and you get 43525/year or 3627/month

Most places will just advertise their lease rate but not the operating costs, some operating costs can include hydro/gas and i’ve seen them range from $4-$10 alone.

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For reference, on IRC last night someone got me to dig up utilities numbers for the Bunker. From memory, electricity was about $1025 for four billing periods (8 months), and gas was $40 for September. I vaguely recall gas being a couple hundred during the cold snap last January.

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Here is ‘an’ ‘idea’

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I’ve reached out to the City who is on the lookout for us. They may have some spaces.

I’ve also reached out to a family friend who is a VP at Colliers international… they are one of the largest commercial real estate firm internationally… He said that they could help us out.

I think it would be good to have a Realtor formally representing our side for us on our the search. They will also ensure the lease agreements are legit so we don’t have any future issues.

Would anyone have any issues if we had a representative from Colliers helping us? I don’t believe it requires an exclusive agreement… but informally we would look to them outside of our own efforts and to ensure our lease agreement is legit.

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@DeNomad can you put him/them in touch with me? I’ll PM you details.

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Sounds good. Having formal representation on our end has no cost to us and gives us that legal advisory we need when signing a lease. I’ll loop you in on what the details are.

Would be good to know who our official point person on the search should be…

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Added: Properties | Colliers

Good space but not as close to skytrain as I’d like.

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Hey all,

Just because we get a lot of questions, I’ve been asked to introduce the ad-hoc committee members.

The current committee consists of:

We also have had @Jarrett and @JohnC join from the sidelines for feedback and (financial) input.

Have questions, suggestions, food sponsorship, etc? Feel free to contact me!

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grandview_renfrew_station.zip (156.3 KB)

15 per square foot

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I should note that the grandview renfrew can be leased as 1900, 2400 or 4448sqf If interested can negotiate to lower lease price.

3600 month, 3yr lease term.

Within 1 block 3min walk from Renfew, 2830 Grandview Hy
Transit Zone 1

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Thanks @tdwebste, we’ll follow up with that one.

The items that stand out is the zoning (C-1) and being on the 2nd floor. Do you happen to know if hydro and heat is included in the op costs?

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Also well our let side our goal area, but not implausible