Big news out of city hall this week — and it's happening right here in South Surrey.
Surrey council just gave the green light to move forward on a long-term lease of 36 acres of city-owned land in Campbell Heights to Prologis, one of the world's biggest names in logistics real estate. We're talking about a company whose customers include Amazon, Lululemon, Walmart, Home Depot, and Coca-Cola.
The headline number? The deal is projected to generate more than $1 billion in lease and property tax revenue over its 62-year term.
THE QUICK FACTS
- 36 acres of city-owned land in Campbell Heights, South Surrey
- Roughly 721,000 sq ft of proposed industrial space — logistics, warehousing, distribution, and office
- Expected to roughly double the city's annual revenue from the property
- Hundreds of local jobs projected
- The city keeps ownership of the land the entire time — a smart long-term play
WHY THIS MATTERS IF YOU OWN (OR WANT TO OWN) IN SOUTH SURREY
I've been selling real estate in South Surrey and White Rock for years, and here's the pattern I see over and over: jobs drive housing demand.
When a global company like Prologis commits to a 62-year deal, it's not a gamble — it's a vote of confidence. They've done the math on Surrey's location, transportation links, and growth trajectory, and they like what they see. They're joining names like Beedie and Toyota, who've already invested heavily in Campbell Heights.
Hundreds of new jobs means hundreds of workers, managers, and their families looking for homes nearby. Grandview Heights, Morgan Creek, Sunnyside, Rosemary Heights — these neighbourhoods are all a short drive from Campbell Heights. That's sustained demand pressure in a market that already doesn't have enough supply.
WHAT BUYERS SHOULD TAKE FROM THIS
If you've been sitting on the fence about buying in South Surrey, this is the kind of long-term signal worth paying attention to. Employment centres like Campbell Heights don't just appear overnight — and once they're established, the surrounding residential areas tend to benefit for decades. Buying near a growing job hub has historically been one of the more reliable plays in Fraser Valley real estate.
WHAT SELLERS SHOULD TAKE FROM THIS
News like this strengthens the story behind your home. When I market a South Surrey property, I'm not just selling square footage — I'm selling the area's future. A billion-dollar commitment from a global company is exactly the kind of proof point that helps buyers get comfortable making a strong offer.
THE BOTTOM LINE
South Surrey keeps showing up on the radar of serious, global money — and that's no accident. Strong transportation connections, one of Metro Vancouver's last big industrial growth areas, and a city that's actively courting investment.
If you're thinking about buying or selling in South Surrey, White Rock, or anywhere in the Fraser Valley, let's talk about how moves like this fit into your plans.
Jared Gibbons | Royal LePage Little Oak Realty
604-928-1361 | jaredgibbons@royallepage.ca
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