Office space in downtown Vancouver has officially become a hot commodity among engineering, commercial real estate and information technology firms. The businesses are taking advantage of new opportunities to move into more visible, and often a better class of office space, according to Michael Jenkins, a Vancouver commercial real estate broker with Coldwell Banker Commercial Jenkins Associates and MAJ Development. "You're seeing some re-positioning " said Jenkins, whose company triggered a string of move-up leasing activity when the real estate firm moved into a Class A office structure on the corner of West 15th and Columbia streets. When Jenkins and about two dozen employees moved out of its space at 1500 D St, PBS Engineering & Environmental snapped up the opportunity to move into Coldwell's vacated space, for its more visible location off East Mill Plain Boulevard, near its entrance to Interstate 5. That's when Bob Berry decided to move his information technology business into the engineering firm's former site at 1314 Main St. The company is in the midst of moving from an east Vancouver business park to the downtown location, also with quick access to I-5. "It's a more convenient location because we have some Oregon-based clients," said Bob Berry, owner of ITPro.
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