Description of Space
CMHC Granville Island is offering a office for lease at 1669 Johnston Street on the second floor of the infamous Public Market building. Our office use spaces are designated to provide office space for individuals/ companies/ organizations/ societies. As Vancouver’s premier artistic and cultural hub, located in an urban, waterfront location and steeped in a rich industrial and maritime heritage, and anchored by the internationally recognized Public Market, this opportunity is close to numerous shops and restaurant options and provides a great place to work daily and meet with your clients and partners.
Leasable spaces are managed in line with the Guiding Principles and Leasing Objectives as set out in the Granville Island Leasing Guidelines which are publicly available below.
- 1,489 square feet of rentable office space on the second floor of the Public Market building – see below links for survey plan and photos
- Two keyed entries from the front of the building with two separate entries into the unit
- Natural Light with northern views of False Creek and Granville Street bridge (all north facing windows)
- Private Bathroom
- Electric Heating System
- This unit will be given in ‘as-is’ condition. Any further improvements or modifications will be at the sole cost and responsibility of the applicant, subject to Landlord approval and any applicable permit and building code requirements
Rent, Utilities and Insurance
1. Rent Rates
a) Estimated Minimum Rent: $25.00 per square foot (PSF) which is $3,102.08 per month (plus GST)
b) Estimated Additional Rent*:
- Estimated CAM: $3.62 per square foot (PSF)
- Estimated Garbage: $0.55 per square foot
- Estimated Water: $1.25 per square foot
- Estimated Hydro: $1.46 per sqaure foot
- Estimated Gas: $0.69
- Estimated Property Tax: $4.85 per square foot
Total Estimated Additional Rent: $12.42 PSF ($1,541.12 per month plus GST)
c) Total Estimated Gross Monthly Rent: $4,643.20 (plus GST)
*Based on April 1st 2019 Additional Rent rates and can vary annually based on usage and reconciliation of costs incurred.
2. Security Deposit: The equivalent of two months Gross Rent
3. Tenant Insurance Requirement: all risks property insurance; equipment breakdown insurance; minimum $5,000,000 liability insurance
If you are interested in having a viewing of the building before submitting your application please contact [email protected] to set up a date and time.
Application Details & Requirements
In order to be considered, applicants must submit an application below in PDF format to demonstrate their ability to operate/execute the proposed concept – applications are not to exceed 12 pages. Please ensure your application covers the following requirements:
Summary of the proposed concept & use of the premises
- Must be a local creative/innovative focused individual, company, organization or society with a strong alignment with Granville Island’s Mission & Vision Statement and aligns with the guiding principles and leasing objectives of the Granville Island Leasing Guidelines. Applicant use that will compliment and/or enhance the Granville Island experience.
- The proposed use is solely for office use (not conducive for those uses needing regular public access or for classes). Applications for other uses will not be accepted.
- Must commit to active use of the space 5-7 days per week.
- Explain and/or show how the applicant meets the above use requirements and what the concept will be along with operating plans for the premises. Show how the applicant’s skills, knowledge, and experience relates to the business concept/proposed use.
- Explain and show photo examples and website links of the products/ offerings/ programming/ services produced or offered by the applicant.
- Briefly describe the customer/client base and if the proposed use will serve/interact with those customers/clients.
Marketing and Design Plans
- Provide a marketing & promotion plan (detailing items such as advertising/promotion, community outreach, website, email campaigns, demonstrations, collaborations with others within the communities and city, events, social media strategy). Please include past or future examples.
- Detail any past and future participation in local events, industry events and/or community initiatives, if applicable.
- Provide a rendering of the layout of the interior with any proposed changes/improvement plans the applicant would like to do to the premises.
- Show that the applicant has the ability to meet the financial commitments of the lease and the requirements as outlined in the rental rates and costs below.
- Explain what the ownership structure is or will be (sole proprietor, non-profit, society or corporation) with the full names of all the owners/those who will be involved.
- Provide operational & financial history for any existing or former commercial locations (at a later time the applicant may need to provide the necessary proof that they can support running the business, such as a credit report).
- Provide 3 year pro-forma financial statements including proposed initial investment to set up the space for the applicant’s specific use, anticipated monthly or annual revenues & expenses including ongoing operating and staffing expenses.
- Be able to provide proof of a business license and any other necessary permits in order to be able to take occupancy and operate.
- Provide a list of other commercial locations and leases the applicant has if applicable, and if so note if the applicant would continue to keep them if they are chosen candidate for these premises.
- Provide a list of references from past partners, collaborators and/or landlords which demonstrate support of the applicants’ ability to effectively execute their proposal
Any hard copy materials you would like to supplement your online application with can be submitted by mail or in person to:
CMHC Granville Island
1661 Duranleau Street, 2nd Floor
Vancouver, BC V6H 3S3