Amazon set to expand Canadian footprint with two major office leases

By zaymalz malz

Global ecommerce giant Amazon is on the verge of signing two leasing deals for offices in Vancouver and Toronto – bases from which it will orchestrate growth in the Canadian market.

Senior Vice President of Cresa Vancouver Commercial Real Estate Services, Ross Moore, has suggested that Amazon has a deal in place to acquire a new building of 147,000 sq ft in Vancouver, also stating that the company is finalising a move into Toronto’s Scotia Plaza.

See Also:

“I don’t have anything to share with regard to new office spaces coming up in Toronto or Vancouver at the moment. I can tell you that we find exceptional talent in both cities and are growing. As of today we have over 100 open roles in Toronto and over 300 open roles in Vancouver,” an Amazon spokesperson told The Post, unable to comment directly on the matter.

The company revealed back in June that signups for its Prime service have increased 80% year-on-year in Canada, with statistics from May showing that only 4% of the country’s primary household shoppers were Prime members compared to 37% in the US.

With such evident room for growth, expansion into Canada makes sense for Amazon with the firm having placed significant emphasis on the delivery last mile of late in the attempt to further tighten its grip on the ecommerce market.


Featured Articles

Possibilities endless as generative AI takes centre stage

Generative AI is already playing a pivotal role in the way companies are run; the only question is how quickly it can be integrated into everyday tasks

Why companies should be preparing for scope 3 reporting

With a decision looming on the SEC’s proposed changes to climate-related disclosures, leaders should be examining supplier sustainability credentials

People over profit is steering business in a new direction

An unsettling few years has resulted in more and more companies hiring Chief People Officers to implement a culture that prioritises employee wellbeing

Databricks: The phenomenal rise of a data and AI heavyweight

Technology & AI

Business Chief expands portfolio with new look and coverage

Leadership & Strategy

Google at 25: The remarkable rise of a technology colossus

Technology & AI