SURREY (NEWS1130) – TransLink is spending more than $100,000 a month on office space locked into a six-year lease in Surrey while it looks for a subtenant.
It comes after it decided to consolidate all of its offices into one building in New Westminster. Jiana Ling with TransLink says they’re having trouble finding subtenants for a building near Gateway in Surrey. “It is the market right now. We are actively looking for a subtenant but the market in Surrey is a high vacancy rate.”
The decision has Burnaby Mayor Derek Corrigan angry. He thinks it will be paying the costly rent for awhile. “I haven’t seen a lot of businesses locating into that area in the past year, so I think they are going to find difficulty in getting a tenant.”
He questions whether offices should have been consolidated with long-term lease obligations looming.
Corrigan also wanted public consultation and says TransLink did this quietly.