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Colliers Victoria Retail Market Report 2023 Q4

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research article
  • The Greater Victoria retail market experienced a stable year, with both downtown street front and shopping centre leasing activity remaining on par with historical record.
  • At the end of 2023 street front vacancy was recorded at 9.2%, down 100 basis points year-over-year (YoY), with 16.3% of overall vacant street frontage slated for redevelopment.
  • Shopping centre leasing activity levels remained consistent in 2023, with vacancy levels at 2.6%.
  • Overall shopping centre absorption levels totaled 172,753 square feet, largely due to the introduction of new product that came to the market already leased.
 

Colliers Victoria Retail Market Report 2023 Q4

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Pour plus d’informations, veuillez contacter:

Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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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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