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Victoria Retail Market Report Q4 2020

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research article

The Greater Victoria's retail market segment slowed throughout 2020 and vacancy rates increased due to the impacts of COVID-19.

  • Downtown street-front vacancy increased from 3.1% in Q4 2019 to 6.0% in Q4 2020. This can be accredited to the transition to the work-from-home dynamic and a reduction in tourism in the Victoria market.
  • Retail centre vacancy increased from 5.0% in Q4 2019 to 5.8% in Q4 2020. Many tenants survived the pandemic because of essential anchor tenants (grocery, liquor, etc.) and government subsidies.


Victoria Retail Market Report Q4 2020

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Tyler Dolan

Managing Director, Vancouver Island and Okanagan


yler Dolan is the Managing Director, Vancouver Island and Okanagan responsible for the execution of Colliers business strategy in the region. He is also the National Debt Advisory Lead for Canada.

Tyler 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.

Tyler joined Colliers’ Leadership Team in May 2018 working with advisors and operations staff on the success of their clients’ real estate needs. His priorities include business development, employee engagement, professional development, recruiting, market identity, financial management and performance.

Tyler is an alumnus of Royal Roads University with a Bachelor of Commerce, Camosun College with a Diploma in Business Administration, and UBC Sauder School of Business in Mortgage Brokerage Brokerage and Real Estate Trading Services in British Columbia.

Tyler is a past Board Member of the Downtown Victoria Business Association, Peninsula Minor Hockey Association, the Urban Development Institute, and the Victoria Brain Injury Society.

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