This Colliers International Spark Report provides insight into the Central Okanagan retail leasing market, as well as our top tips for retail tenants leasing new space.
- The Central Okanagan is the largest retail centre in the BC Interior, offering more than 600 retail, wholesale and franchise stores to support the region's growing population.
- New commercial nodes, such as the Airport/University District in Kelowna, have been established in anticipation of this continued growth.
- The popularity of neighbourhood-oriented shopping centres and small strip centres are on the rise, providing retailers with the opportunity to target key markets through multiple locations.
- Determining the right location, size, lease structure and lease terms are all essential to help facilitate growth and success in the Okanagan.