Port Moody’s industrial future could be bright, but it will be different says report

March 21, 2023

Port Moody’s industrial land base is limited and its industrial buildings are aging.

So to ensure the city retains an industrial component to its economy, it must work to intensify and optimize its existing industrial lands, says a report by the Vann Struth Consulting Group that is to be presented to council’s strategic priorities committee on Tuesday (March 21).

According to the report, Port Moody has 1.355 million sq. ft. of developed industrial floor space that accounts for about 1,400 jobs.

But the average building is 44 years old and their floor area ratios are lower than current standards.

Without large tracts of available industrial land and ready transportation access, the city is unlikely to attract big distribution and manufacturing businesses that are finding their way to cities like Port Coquitlam, Burnaby, Surrey and Chilliwack.

Source: Tri-Cities News