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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 and Okanagan

Victoria

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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