Warehousing Space Crunch Hurts Business Expansion
Prince George, B.C. – A yet to be released report by Initiatives Prince George says the shortage of warehousing space in Prince George is holding back businesses from expansion.IPG conducted a survey of local businesses to find out what they saw as barriers to the growth of their business. CEO Heather Oland says the lack of quality warehouse space was identified as an issue “In fact the vacancy of warehouse space in Prince George is about 3.5%. That is a very very low number, and in fact a barrier to business growth.”
IPG was involved in developing the business case for the just announced cargo facility project underway at the north end of the Prince George Airport lands. ( see previous story)
Oland says the Airport cargo warehouse project will help ease some of the pressure ” It will help bring on line some class ‘A’ quality warehouse space for local businesses.” She also sees the Airport project as one that will open new opportunities for local businesses that want to expand their business “The connectivity of Prince George to external markets is one of our City’s competitive advantages, for both investment attraction and for existing business growth and expansion.”
Oland praises the Prince George Airport for the integral role it plays in the City and region “having a cargo facility is integral to moving cargo through the airport. The facility will also open up new export opportunities for local and regional businesses especially for producers of goods that require quick transport to export markets.”
Oland says the full report on warehousing and barriers to business growth will be released soon.