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Since that time the 'high-tech' sector has not grown as quickly as anticipated," the report said. "It has been difficult for development to proceed due to an inability to secure a sufficient number of 'high-tech' tenants to meet the zoning requirement.
As well, developers complain they cannot find enough high-tech tenants to make a project viable.
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Did they think high tech companies would wait for Vancouver to build sizable space to accommodate their immediate needs? The active but risky Dubai approach of "if you build it, they will come" is more suited to the industry dynamics and would have attracted high tech firms to Vancouver. This is opposed to building high tech space once the "sign-up sheet" is filled; these firms don't have time to wait.
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