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Increased Demand for Childcare Drives Retail Demand Across Vancouver Region

Increased Pace of Leased Childcare Facilities Doubles After Recently Enacted Fee Reduction Initiative
Image of 3060 148th St. under construction in Surrey last year. The entire building was recently leased by B Kids Daycare with an expected opening in October 2024. (Sam Chua/CoStar Group)
Image of 3060 148th St. under construction in Surrey last year. The entire building was recently leased by B Kids Daycare with an expected opening in October 2024. (Sam Chua/CoStar Group)
CoStar Analytics
August 28, 2024 | 10:35 P.M.

Increased demand for childcare services has been one of the many drivers of retail leasing across the metropolitan Vancouver region. The number of new daycare facilities opening in the spring months of this year was 4% higher than the number of new facilities opening in the same period last year.

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