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Two of the largest lease transactions in this quarter was by tenants in the film industry, Sim Video International Ltd. and The Crossings Studios. With a low Canadian dollar in comparison to the US, warehouse space in Metro Vancouver continues to be in high demand by this tenant type. The highest volume of new construction is in Surrey, where approximately 1.3 million square feet of space is under construction. One of the largest projects is Campbell Heights North, where Surrey City Development Corporation is managing the development of 250 acres of land.
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