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Victoria Retail Market Report Q4 2020

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research article
Par Tyler Dolan

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 | Colliers | Victoria

Tyler Dolan

Managing Director | Vancouver Island

Victoria

+1 250 414 8388
Courriel

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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