Commercial Interiors
Q1 2024 Construction Update
Turner Vancouver's Interiors Group is excited to provide you with this quarterly update. Curious to what's happening in Construction? We bring you the industry's top highlights on the latest movement in permitting and costing in the lower mainland.
Construction Cost and Permitting Timelines
Average Cost for Office TI $/SF Over last 5 Years
Construction Cost and Permitting Timelines
% of Cost Allocation
13-18%
2-3%
10-15%
65-70%
Construction Cost and Permitting Timelines
TI Building Permit Timeline by Municipality
14-18
Weeks
6-10
Weeks
6-10
Weeks
12-16
Weeks
4-8
Weeks
**This timeline is based on our experiences and only serves as a reference for the information presented
Notable Projects
Completed in Q4 2023 & Q1 2024
We present Q1 2024 update on notable office completions in Vancouver, British Columbia.
We have highlighted amazing projects that have completed construction over the past quarter - companies who have moved in and enjoying their new spaces.
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Built by:
Plenty of Fish
The Stack, 1133 Melville Street
Scope of Work:
Details
Size: 30,000 SF
Value: $166/SF
Completion: Dec 2023
Project Highlight: Plenty of Fish
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Built by:
Serein Properties
Bosa Waterfront 320 Granville St
Scope of Work:
Details
Size: 2,400 SF
Value: $791/SF
Completion: Jan 2024
Project Highlight: Serein
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Tialti
Bentall One, 505 Burrard Street
Scope of Work:
Details
Size: 24,000 SF
Value: $325/SF
Completion: March 2023
Project Highlight: Tialti
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
MCMI - BDC
The Stack, 1133 Melvillle St
Scope of Work:
Details
Size: 14,560 SF
Value: $315/SF
Completion: Jul 2023
Project Highlight: MCMI - BDC
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Built by:
Confidential HQ
VC II, 733 Seymour St
Scope of Work:
Details
Size: 150,000 SF
Value: $173/SF
Completion: Jan 2024
Project Highlight: Confidential HQ
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Built by:
Miller Thomson
TD Tower, 700 West Georgia
Scope of Work:
Details
Size: 34,000 SF
Value: $250/SF
Project Highlight: Miller Thomson
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Built by:
Trulioo
M2 , 114 East 4th Ave
Scope of Work:
Details
Size: 34,000 SF
Value: $211/SF
Completion: Jan 2024
Project Highlight: Trulioo
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Mining Resource
VC II, 733 Seymour St
Scope of Work:
Details
Size: 40,000 SF
Completion: Nov 2023
Project Highlight: Mining Resource
Notable Projects Completed in Q4 of 2023 & Q1 2024
Designed By:
Arthur Erickson Show Suite
1075 W. Georgia
Scope of Work:
Details
Size: 3,200 SF
Completion: Feb 2024
Project Highlight: Arthur Erickson Show Suite
Who We Are
We are a North America-wide construction services company with over 120 years of experience in general contracting and construction management. Established in 2011, our Vancouver business unit quickly grew to be the leading tenant improvement contractor in the lower mainland with over 150+ employees.
Our Expertise
Want to feature a project in an upcoming newsletter? Contact Rhianon & Cayley today!
Cayley Van Hemmen
Interiors Divison Manager
604.250.7718