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Increase in Vancouver’s retail space availability isn’t likely to last

Development offers the best chance for Vancouver to move toward balancing supply, demand

The City of Lougheed in Burnaby saw the addition of over 120,000 square feet of retail space in mid-2023 as part of the Lougheed Mall densification (Justin Eckersall/CoStar)
The City of Lougheed in Burnaby saw the addition of over 120,000 square feet of retail space in mid-2023 as part of the Lougheed Mall densification (Justin Eckersall/CoStar)

Vancouver continues to be one of the tighter retail markets in Canada. Overall availability across the metropolitan region sits at approximately 2.0%, which has increased in the past year from 1.5% in the third quarter of 2023.

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