Burnaby Embraces New Opportunities Amid Shifting Development Trends

Employees dislike commuting more than offices themselves, making Burnaby's central location in Metro Vancouver attractive for office space. Burnaby, expecting significant population growth, needs 3.2 million sq ft of new office space by 2051 to support over 22,000 jobs. Most new office space is tied to mixed-use residential projects, but recent development slowdowns and project revisions have cut nearly half of planned office space, risking future shortages despite Burnaby's strong economic potential.

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