The ± 60,675 sf new industrial development at 250 Beaver Lake Road in Kelowna is near completion and available suites can now be scheduled for viewing. Units are ± 10,000 sf and up with dock and grade loading and ± 28′ clear ceiling height.
Opportunity to lease new, state of the art industrial space is within reach. The ± 60,675 sf industrial building with dock and grade loading located at 250 Beaver Lake Road is nearing completion. Construction is on schedule for delivery in May 2020. Windows and doors were installed this month, as well as all rooftop HVAC units. Construction work related to the loading area, parking lot and landscaping has commenced and will continue over the coming weeks.
Kelowna has experienced consistent growth over the last two decades, about two per cent annually, and is expected to keep growing over the next 20 years*. Supporting a growing community, larger industrial commercial property has become scarce over the last few years. This new industrial development in North Kelowna will be a welcome addition to the market in May 2020!
Construction, manufacturing, warehousing and transportation Manufacturing is one of BC’s largest business sectors with a revenue of over $51 billion (2017), and 609 of these manufacturing firms are located in the Central Okanagan. The Okanagan has a diverse economy with the major sectors being agriculture, retail, manufacturing, forestry and construction. The growth of these sectors will ensure continued demand for industrial commercial properties. Callahan Property Group is well positioned to meet this demand.
Construction of Callahan’s newest industrial building on 250 Beaver Lake Road has started taking form. Callahan Property Group began construction of the first building of this new 35 acre industrial park in the summer and the concrete slab of approximately 60,675 sf was poured earlier this season. The tilt-up of the concrete walls was completed over the course of three days this week.
Demand for industrial property was higher than availability in 2019, this trend is predicted to continue in 2020. New development is greatly anticipated. The development on Beaver Lake Road is situated in North Kelowna Industrial Park. This opportunity in industrial leasing in Kelowna offers some of the few remaining larger structures.