6.3 Drivers of Change Data-Pack Capacity to Grow How will usage of industrial land in the gateway change? • Between 2011 and 2013 about 60 hectares of industrial land were lost to other uses including real estate and commercial buildings such as shopping centers. • In the last 30 years, the City of Vancouver has re-designated 187 hectares of industrial land to other uses such as commercial and residential. City of Richmond has converted 320 hectares, Burnaby 706 hectares and Surrey 1,771 hectares. • Metro Vancouver projects a shortage of industrial land in the 2020’s. • In 2012, Metro Vancouver completed a market readiness assessment on the remaining undeveloped industrial land in the region. • The study concluded that prior to 2017, 1,800 hectares or 70% of vacant industrial land will be available for development. After 2017, only 805 hectares or 30% of vacant land will be available for development. • Only a subset of available industrial land in the region is suitable for port-related activities Port 2050 Scenario Update Initiative - 2015 39