Victoria Retail Market Report Q4 2019

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research article

The Greater Victoria Retail market segment maintained positive momentum throughout 2019. Vacancy rates for both street front and shopping centres declined this year.

  • Downtown street front vacancy declined to 3.1% while the shopping centre vacancy rate declines to 5.0%
  • New supply for the year includes the completion of Belmont Markets in City of Langford adding a total of 160,000 square feet.
  • Major transactions include the sale of Tillicum Centre and the news of Walmart's expansion with its third location in Victoria. 

 

 


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Victoria Retail Market Report Q4 2019

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Tyler Dolan

Managing Director, Vancouver Island

Victoria

As Managing Director, Tyler is responsible for execution of Colliers business strategy on Vancouver Island.  Tyler has and has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions. In May 2018, Tyler assumed the role of Managing Director for the Colliers Vancouver Island office.

Tyler's priorities include business development, employee engagement, professional development, recruiting, financial management and performance, market identity and public relations. Tyler also takes an active role to ensure that all services offered by Colliers are offered to our clients.

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Sim Waraich

Research Coordinator

Victoria

Sim graduated from the University of Victoria with a Bachelor of Commerce with a focus in Finance and Accounting. Prior experience includes working with Colliers in the Valuation and Advisory Services department in 2017. In 2018 Sim worked with the  British Columbia Investment Management Corporation  with the Investment Valuation team. 

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