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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 tenant (grocery, liquor, etc.) and government subsidies.

Victoria Retail Market Report Q4 2020

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Pour plus d’informations, veuillez contacter:

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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Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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