Figure | Creating Resilience, Future Cities
Vancouver Retail MarketView H1 2021
August 25, 2021
- Mall vacancies throughout Metro Vancouver held steady, decreasing by 10 basis points from 5.6% seen in H2 2020, now at 5.5%.
- The overall Downtown Vancouver vacancy rate recorded a 20 basis point increase from H2 2020, now at 6.0% with Alberni Street and the Davie corridor witnessing the most significant increases.
- H1 2021 faired better for retail investment transactions in Metro Vancouver as retail asset sales rose significantly to $638 million compared to $618 million in H2 2020.