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| Archive | Send to a Friend | www.boma.bc.ca | BOMA Marketbase | ||||||||||||||||||||||||||||||||||
| January 10, 2024 | ||||||||||||||||||||||||||||||||||
 Association News Get a comprehensive assessment of office properties in Greater Vancouver, Victoria and Kelowna areas with the 2024 Office Property Assessment Report. Created in partnership with Altus Group, the report provides valuable insights into property values, potential risks and investment opportunities.
 Join us for BOMA Victoria Chapter's first Luncheon of 2024!
Featuring speakers Terry Bergen and Leon Plett from RJC Engineers, this Luncheon presentation will cover everything from structural requirements and envelope considerations to zero-carbon initiatives. Gain valuable insights into the applicability of the code and stay in the loop on the latest developments concerning existing buildings. Are you interested in becoming a BOMA Luncheon sponsor? If so, learn more here! Wednesday, January 24th, 2024 | 11:30 AM - 1:30 PM PST
Hotel Grand Pacific, 463 Belleville Street, Victoria, BC
 Join BOMA's TNP for their upcoming morning meet-up at Palate Kitchen.
Enjoy some delicious breakfast bites while connecting and collaborating with like-minded young professionals. Don't waffle on registration; Breakfast Club events sell out quickly!
Thursday, January 25th, 2024, 8:30 AM - 10 AM PST
Palate Kitchen, 848 West Hastings Street
 The BOMA BC Awards Program celebrates buildings that embody the utmost standards and commends the management teams, individuals and companies that have made substantial contributions to the commercial real estate industry.
This program highlights excellence in innovation, teamwork, client services and sustainable practices through the following awards: Building Operations Team Award | EARTH Award | Emerging Leader Award | Health & Safety Award | Leap Forward Award | PINNACLE Awards | Tenant Improvement Award | TOBY Awards Put your business in the spotlight this year – view our Awards page below! (Deadline for local expression of interest is March 1st/2024)  As we embark on a new year, we are excited to continue promoting commercial real estate and its crucial role in driving our economy forward. We are committed to advocating for policies and regulations that shape the industry's direction and contribute to your success.
Renewing your BOMA membership not only keeps your business plugged into the industry but also helps it stay competitive, contributing to the growth of BC's commercial real estate community.
We sincerely appreciate your membership and look forward to having you with us again in 2024! | Deadline to renew is January 31/24
Regulatory NewsSource: Daily Hive Urbanized
City of Vancouver staff reported that electric lawn mowers and leaf blowers are not advanced and readily available enough to meet the demand phasing out gas-powered landscaping equipment would cause. Government Affairs City of Vancouver recently announced the extension of its Development Potential Relief Program (DPRP) into 2024, building on its successful 2023 pilot.
This initiative provides tax relief for properties facing high taxes due to development potential.
Key Updates:
• The program has been improved by extending the submission period to six weeks.
• Eligible properties must submit a declaration by February 29th, 2024. Details and instructions are available here. For more information on criteria, tax relief calculation, property eligibility and ineligible use, click here. 
Events & Education
Good to KnowSource: REMI Network/Canadian Property Management
The Illuminating Engineering Society is developing outdoor lighting standards aimed at reducing light pollution while delivering energy savings.
 BOMEX 2022 and 2023 sold out in record time – don't miss out on your chance to join us at the JW Marriott Parq in Vancouver, September 23-25, 2024.
Book by April 1/24 and save up to $200 off your BOMEX 2024 tickets!
Interested in become a BOMEX sponsor? Learn more here.
Interested in becoming a BOMEX exhibitor? Learn more here. Exhibitor application deadline Jan. 19/24  Showcase your dedication to industry excellence by displaying the BOMA BC 2024 Member logo on your website. This logo indicates to your clients and stakeholders that you are part of a respected community and highlights your commitment to innovation, service and sustainability.
Event Calendar
National NewsSource: Bloomberg
Economists predict that commercial office real estate investment trusts will continue to be down in 2024 as supply is still outpacing demand. Around the IndustrySource: Daily Hive Urbanized
A real estate developer submitted an application to redevelop a 2-storey Robinson Lighting and Bath into a 10-storey building with office space for 411 workers. Source: Daily Hive Urbanized
Despite having some of the lowest office vacancy rates in North America, office spaces are still being underutilized and are not fully occupied. |
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