Burnaby Canada Office Spaces

Burnaby Canada

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Commercial and residential real estate options are under constant development. The city has a great amount of retail sectors with many shopping centers, office space, and warehouse space offered to entrepreneurs of all backgrounds. The office suite vacancy rate of Burnaby has hovered around 7% in recent months. Although it has been as high as 12.6% in 2010, the rates have seemed to lower in recent months with great improvements to the business infrastructure. In a recent survey of available options in the area, rates were quite competitive and comparable to other large industrialize cities. Burnaby Office space rentals are available for around $300 - $550 a month for smaller scale spaces and $2- $4 a square foot for 1,000 square feet and more (although lease terms are flexible and average prices change all the time). Some of the options come with amenities like free high speed internet, protected, private entry points and so much more. A survey of the Burnaby office spaces will yield many favorable results, depending on the location. You can find more about our executive suites and commercial properties for rent in Canada, and learn more about the local market conditions in our office space articles.

Burnaby Data:

The city of Burnaby is a large city in British Columbia Canada. It is ranked as the third largest city in the area and is surpassed only by Surrey and Vancouver. Incorporated in 1892 the city has been growing by leaps and bounds eventually achieving city status in 1992. The city is named for the explorer Robert Burnaby. He explored the region in 1859 near what is now known as the city's center. Originally a agricultural center, the area has since grown into a larger economical powerhouse. It is a major hub for transportation and distribution to Vancouver and Fraser Valley.

Economy / Jobs:

The economic portrait of Burnaby is quite diverse and has grown in recent years due to an influx of high technology. As Burnaby office spaces continue to become vacant, the local economy suffers, but hopefully soon the area will recover. Some of the larger companies in the area include, Electronic Arts, Creo, Ballard Power Systems, Petro-Canada, and many more. The area is full of options for job seekers to explore in every sector. There is a great deal of residential, transit, movie studios and much more in the infrastructure of the city, creating a great amount of options for people to explore vocations of all types. The unemployment rate of Burnaby is around 5% to 7% in recent months. While the numbers vary slightly, the rates are relatively low compared to other regions. Those looking for work in and around the greater metropolitan area, will find many options to explore.

Weather / Education:

The weather in Burnaby is temperate and cool most often. There are four distinct seasons, with major extremes going towards colder fall, winters, and spring, with warm and moderate summers. The summer high's are usually around 70 degrees on average, with winter temperatures reaching below freezing with snowfall reaching up to 79.5 inches annually.
Burnaby is home to many famous residents, many of which have been in the entertainment year. Among some of the most prominent residents include Michael J. Fox, Don Taylor, Dick Phillips, Matthew Good, and many more.
The city has a rich tradition of education as well. The main higher education option include Simon Fraser University, and the British Columbia Institute of Technology. The city has a long standing tradition of public education highly rated in the area.