Vancouver is one of North America’s hottest real estate markets—a city of million-dollar teardowns that’s become notoriously unaffordable for the young and the middle class. And potential homebuyers aren’t the only ones feeling the squeeze.

The Port of Vancouver, Canada’s biggest, is being hemmed in as property is snapped up for housing, offices, and even movie sets. The regional port authority estimates the region may run out of industrial land within 10 years. This could push some of the port’s $200 billion in trade to rival gateways if related businesses “can’t get a site or can’t do it in an economic way,” says Peter Xotta, vice president for planning and operations for the authority.

If the region can’t carve out enough nearby warehouse space for businesses using the port, its economy could turn into a “lifestyle bubble” for wealthy retirees and tourists, argues a report prepared for the port authority by the strategy consultants Monitor Deloitte. The nation’s gateway to Asia handles almost 1 out of every 5 dollars of Canadian trade and is North

America’s most diversified port in terms of cargo, which includes exports of lumber, wheat, and oil. Its container traffic is expected to almost double over the next 15 years.