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Apple reportedly moving into new downtown Â鶹´«Ã½Ó³»­development

Apple Inc. reportedly has plans to take up two storeys at Westbank Corp.'s new development at 400 West Georgia Street in downtown Vancouver.

³Õ²¹²Ô³¦´Ç³Ü±¹±ð°ù’sÌý doesn’t look to be easing up any time soon.

Citing sources, Apple Inc. plans to take up two storeys at Westbank Corp.'s new development at 400 West Georgia Street.

 Westbank's development at 400 West Georgia is slated to open in 2020. Photo via WestbankWestbank’s development at 400 West Georgia is slated to open in 2020. Photo via Westbank

The tower, still under construction, sits across from the old Canada Post building where Amazon.com, Inc. is planning to take up  in the coming years.

Apple did not respond to an inquiry from Business in Vancouver.

A report released earlier this week by real estate services firm CBRE reveals Â鶹´«Ã½Ó³»­surging as a top destination for tech companies.

This year the city jumped 13 spots to No. 12 when ranked against 50 North American markets, according to the 2019 Scouting Tech TalentÌý°ù±ð±è´Ç°ù³Ù.

CBRE Â鶹´«Ã½Ó³»­vice-president Jason Kiselback told BIV tech giants along the West Coast are being increasingly drawn to Â鶹´«Ã½Ó³»­due to the low cost associated with operating a business.

Average sector wages are relatively low in Â鶹´«Ã½Ó³»­â€” $80,857 compared with $169,461 in San Francisco — keeping costs down, while average rent is pegged at $3.27 million per 75,000 square feet.

CBRE found that Â鶹´«Ã½Ó³»­was the second-cheapest city in which to operate among 50 markets analyzed.