9 noteworthy Vancouver tech office moves from the last quarter

On the heels of Kaseya's expansion announcement, here's a look at other companies expanding their Vancouver footprint, compliments of CBRE.

On Thursday morning (September 16), Kaseya, a provider of IT and security management solutions for managed service providers (MSPs) and SMEs, announced that it’s hiring 75 new positions in Vancouver by the end of 2022.

The new hires will join Kaseya’s account management and research and development teams and will work out of the company’s Centre of Excellence, 10,000 square feet of space in the Sun Tower in Coal Harbour.

Kaseya has had a Vancouver presence since 2018, and in it’s announcement, the firm said it’s “passionate about building out its talent base in one of Canada’s hottest tech hubs.”

It’s certainly not the only tech company eyeing additional real estate; in fact, according to a recent commercial real estate report, in the stampede of tech firms snapping up floor space, the company is actually at the back of the pack.

According to Who’s Moving | Q3 2021, a report from CBRE’s High Technology Facilities Group, at least 19 noteworthy tech firms announced office moves or upgrades in the last three months. Here are nine to take note of before you explore the full report.

  1. As I’ve previously reported, AbCellera announced that it’s building a 130,000-square-foot Good Manufacturing Practices (GMP) manufacturing facility for the production of therapeutic antibodies, a first of its kind in Canada.

  2. Electronic Arts has leased 120,000 square feet on Great Northern Way in the former MEC HQ. (For more on this move, read: The office is dead narrative is finally dead)

  3. Barrelwise, which develops smart technology to enhance wine production and analysis have relocated to Mount Pleasant.

  4. Sprung Studios, a design and UX company, has doubled in size and moved to new digs in Coal Harbour.

  5. Online shoe company Vessi has expanded its tech and creative team and subleased space in Yaletown. 

  6. Fast-growing competitive intelligence firm Klue is growing and added an additional floor of space at its Hornby Street space.

  7. After raising $11 million in Series A funding, UBC spinout Alpha 9 Theranostics moved to Mount Pleasant.

  8. Video game developer SkyBox Labs has consolidated its offices into 20,000 square feet of space in Burnaby.

  9. Online retailer BuildDirectback from the brink—has snagged top office space on Granville.

“As companies continue to adopt hybrid work models,” writes Alain Rivère, vice president of the High Technology Facilities Group at CBRE, “the consensus is that both in-office and remote work are here to stay, and the need for office space remains.”

For a larger look and deeper insights, read Rivère’s full commentary.