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Greater Vancouver Retail Report Spring/Summer 2022

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Colliers Greater Vancouver Retail Report 2022

As confidence in returning to in-person activities grew through late 2021 and accelerated into 2022, so did traffic to retail stores and the demand for retailers to reopen or open new ones. As a result, both urban and suburban retail market locations are experiencing extreme lows in vacancy.

  • The average Urban Retail vacancy rate is estimated at 2.5%. A higher rate of vacancies can be found in the Central Business District (CBD), due to slow and inconsistent return to office policies and an absence of business conferences, although this is changing at a rapid pace. Gastown and Chinatown were also affected as a result of limited foot traffic and lack of tourism.
  • The average Suburban Retail vacancy rate is 2.3%. Tenants looking to locate in suburban areas are having challenges finding options. As a result, the focus of demand is shifting to projects yet to be constructed.
  • Most new retail development, both in the urban and suburban markets, is taking the form of mixed-use projects. Developers in the Greater Vancouver market continue to need to be creative in order to make sense of the land prices.

Greater Vancouver Retail Report Spring/Summer 2022

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Pour plus d’informations, veuillez contacter:

Madeleine Nicholls

Managing Director, Brokerage | Greater Toronto Area


Madeleine is Managing Director of the GTA and joined Colliers in March 2020. Prior to that she worked at Dream heading up the National Retail Division, and prior to that worked  with several major Landlords across Canada, as well as in brokerage. Madeleine is a global citizen having traveled and lived abroad most of her life.  Madeleine looks to the best in class worldwide examples of commercial real estate to bring the best in the world to our practice. 

Madeleine has extensive experience working on some of the pre-eminent developments in Canada.  She has successfully leased up of a variety of mixed use and retail projects ranging in size from urban retail to 73 acre retail/office/residential mixed use developments.  She has exceptional tenant relationship management and expertise in redevelopment of properties to maximize value.

Madeleine has expertise at all levels of new business development from strategic planning and acquisitions to prospecting, pitching, negotiating offers and leases, and build out of space.  Innovative business developer, team leader and mentor with proven ability to inspire and achieve results by creating a collaborative and streamlined environment focused on delivering superb results.  Madeleine has deep connections in the real estate industry and a passion to deliver results that exceed expectations.

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