Vancouver

VancouverVancouver is home to world class restaurants and luxurious accommodations. It has evolved into one of Canada’s top shopping destinations, offering a diverse mix of high-end luxury boutiques and charming one-of-a kind shops that appeal to tourists and locals alike. Robson Street and neighbouring Alberni Street make up the downtown hub for internationally recognized brands and luxury retailers. Shoppers looking for local designers and charming boutiques can find them in South Granville, Gastown, Yaletown, Main Street, and Kitsilano.

Each neighborhood offers its own distinctive character, from the trendy converted warehouse boutiques in Yaletown and cobblestone streets of Gastown, to the established Robson Street and up-and-coming Main Street and Olympic Village areas.

Vancouver has been attracting international attention from retailers looking to expand into Canada. Top brands that have recently entered the Vancouver market include Nordstorm, All Saints, Ted Baker, De Beers, Tory Burch, OSKA, Free People, and UGG. The retail market is flourishing with a number of other retailers scheduled to open in the coming months such as Versace, Prada, Brunello Cucinelli, Moncler, YSL, and Strellson. Vancouver has also served as the foundation for local companies, like Lululemon, Mountain Equipment Corp, and Aritzia, who have grown exponentially since their humble beginnings to become successful on an international level.

Vancouver is one of the world’s most livable cities, as well as one of the most ethnically and culturally diverse in Canada. Famous for its pristine natural setting, the city has become a destination for newcomers and visitors from all over, attracted to both the natural beauty that surrounds the city as well as the diversity and urban sophistication of the city itself. Nearly 9 million people visit the region annually, infusing $4.4 billion into the local economy.

 

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Robson Street: 49.285500, -123.125963
South Granville: 49.260789, -123.138714
Granville Street: 49.278918, -123.122702
ALBERNI: 49.289392, -123.130052
YALETOWN: 49.275556, -123.120833
GASTOWN: 49.283931, -123.106336
KITSILANO / WEST 4TH: 49.266667, -123.166667
MAIN STREET: 49.245711, -123.101237
OLYMPIC VILLAGE: 49.271515, -123.106055
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Robson Street

Robson Street is Vancouver’s most famous shopping district offering an array of international and local brands for both tourist and locals. Robson Street is notorious for having the most popular fashion retailers and enjoys high pedestrian and vehicular traffic year round.
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ALBERNI

Running parallel to Robson Street, the Alberni corridor has emerged as Vancouver’s luxury district, attracting the most sought-after luxury retailers. Including Prada, Dior, De Beers, Burberry, Escada, Hermes, Tiffany & Co., Jaegar-LeCoultre, Moncler, Montblanc, Gucci, and many others. The expansion of this luxury district is in part due to increased Chinese tourism, along with high interest from international luxury brands looking to open in Vancouver.
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GRANVILLE STREET

Granville Street is Vancouver’s liveliest entertainment district in the heart of downtown. It is home to countless restaurants, bars, and fashion stores, and offers direct access to the Nordstorm flagship location in Pacific Centre. Granville Street consistently enjoys high pedestrian traffic and is well-known as the destination for late-night entertainment.
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YALETOWN

Primarily known as a warehouse district, Yaletown is now fully established as one of Vancouver’s most trendy nodes for boutique retail shops, sidewalk cafes and restaurants, and the most sought-after nightlife. Situated near the False Creek waterfront community, Yaletown is consistently buzzing with energy and life from both locals and tourists year round.
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GASTOWN

Vancouver’s oldest and most historic neighborhood offers a wide variety of boutique shops, cafes, and exceptional cuisine offerings. Gastown is one of Vancouver’s most thriving fashion districts. Brick lined streets and historic Victorian buildings make up this stylish must-see neighborhood.
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South Granville

South Granville is a sought after destination for entertainment, shopping, arts, and cuisine. With close proximity to downtown Vancouver this shopping district is a hot destination for locals and tourists alike. South Granville has the highest concentration of art galleries in Vancouver alongside award-winning restaurants, designer boutiques, and home décor.
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KITSILANO / WEST 4TH

Situated in Vancouver’s most well-known West Side neighborhood, West 4th Avenue been a shopping destination since 1923. West 4th Avenue offers the largest selection of outdoor and active lifestyle retail along with an immense collection of fashion stores, restaurants, day spas, salons, and home décor.
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MAIN STREET

Mount Pleasant’s Main Street is Vancouver hottest and most up-and-coming neighborhood. This trendsetting eclectic neighborhood offers a variety of clothing boutiques, eateries, entertainment venues, lively cafes, pubs, bistros, and the best breweries in Vancouver. In the last two decades Mount Pleasant has experienced an amazing transformation making it Vancouver’s coolest street and hippest spot.
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OLYMPIC VILLAGE

Built for the 2010 Winter Olympics, this Southeast False Creek neighbourhood has quickly developed into a mixed-use community with a growing residential community. Olympic Village is now recognized as Vancouver’s best waterfront community, offering park spaces, trendy restaurants, retailers, and easy access to downtown Vancouver.

MARKET OVERVIEW
KEY AREAS / STREETS/SHOPPING CENTERSConsumer ProfileMAJOR RETAILERS PRESENTNEW ENTRANTSTYPICAL RENT FOR UNIT OF 2,000 SQFTRANGE OF UNIT SIZES
Robson StreetTourists, Local Shoppers, Local Business DistrictRoots, Lululemon, Aritzia, Banana Republic, Aldo, BCBG, MAC, Zara, Club Monaco, J.Crew, Forever 21Swarovski, Ecco, Tesla, UGG, Sephora, Wilfred $140 - 225 /sf1,000 - 12,000 sf
South GranvilleLocal ShoppersWilliams & Sonoma, Chapters, American Apparel, Pottery Barn, Shoppers Drug Mart, James Perse, UGG, West ElmFree People, Macsa$85 - 180 /sf500 - 8,000 sf
Downtown Granville Local Business District, Local Shoppers, TouristsAmerican Apparel, Aldo, Holt Renfrew, Aritizia Aritzia, H&M, Urban Outfitters, Hudsons Bay, Nordstorm Maynards$40 - 100 /sf500 - 6,000 sf
AlberniLocal Business District, Local ShoppersTiffany & Co., Hermes, Lacoste, Louis Vuitton, Escada, Burberry, Brooks Brothers, Tory Burch Versace, De Beers, Prada, Dior $85 - 150 /sf1,000 - 5,000 sf
YaletownLocal ShoppersUrban Fare, Shoppers Drug Mart, Optical Factory, Beauty Mark Menchies, Karameller, Indochino$2 5- 50 /sf 1,000 - 9,000 sf
GastownTourists, Local ShoppersA-Life, John Fleuvog, Inform Interiors, B+B Italia, Secret Location, M0851 Artemisia, Ego Closet $35 - 55 /sf 1,000 - 5,000 sf
KitsilanoLocal ShoppersNorth Face, American Apparel, Lululemon, Mavi, Icebreaker, Urban Outfitters, Y YogaKit and Ace$35 - 55 /sf1,000 - 9,000 sf
Main StreetLocal ShoppersMaynards, Ripples, Spencer Interiors, The London Pub$20 - 35 /sf1,000 - 8,000 sf
Olympic VillageLocal ShoppersUrban Fare, Terra Breads, Legacy Liquor Store, London Drugs, Urban Fare, Terra Breads Flying Pig, CRAFT Beer Market $20 - 60 /sf1,000 - 6000 sf

Data as of September 2015

“Vancouver has an incredible food scene. What’s particularly notable is the wealth of locally sourced quality ingredients available at every chef’s finger tips. Not every city is so fortunate and it makes for a much more exciting, creative and sustainable culinary scene… Vancouver also has amazing ethnic diversity to the dining culture, which ensures it is always evolving and growing into new and exciting areas.” – Connie DeSousa, Chef

Vancouver’s culinary scene has developed substantially, offering an eclectic blend of high quality restaurants, vibrant street food, west-coast infused eateries, and a fusion of flavors inspired from Vancouver’s multi-cultural identity. Vancouver’s culinary scene thrives on the region’s abundance of fresh seafood. British Columbia is arguably Canada’s seafood capital and its restauranteurs have taken full advantage. The Vancouver Aquarium’s Ocean Wise symbol, found on many restaurant menus, indicates the seafood is non-endangered and fished by sustainable methods.

Asian influence on Vancouver is evident in the city’s restaurant offerings. From exceptional high quality sushi to Pacific Northwest inspired dishes, Vancouver cuisine has something to offer all. The city is known for its myriad of high quality sushi restaurants, which combine the talents of highly skilled sushi chefs (including the man behind the famous California Roll) with British Columbia’s marvelous seafood and produce.

Several west coast chain restaurants, including Cactus Club Café, Earls, Joey, and Glowbal restaurants, have capitalized on Vancouver’s appetite for high quality cuisine offerings. Each of these restaurants have experienced unprecedented success, operating in several prime locations throughout metro Vancouver.

MARKET OVERVIEW
KEY AREASCONSUMER PROFILEFOOD & BEVERAGE OPERATOR INCLUDINGRENT FOR 3,500 SQFT UNIT
Financial DistrictLocal business density, Local residential population, Tourists, secondary retailCactus Club, Joey, Black + Blue, Italian Kitchen, Coast, Sciue, Miku, Joe Fortes, Yew, Gotham, Hawksworth, Cin Cin, Market, , Blackbird Pub $50 - 60 /sf
YaletownLocal residential populationCactus Club, The Keg, Earls, Minami, Glowbal, Rodney’s Oyster House, Cioppino’s, The Flying Pig, Blue Water Café $45 - 60 /sf
GastownTourists, local residential population, secondary retailSecret Location, Meat and Bread, Nuba, L’abbatoir, Salt, Jules, Chill Winston, Boneta, Chambar, The Flying Pig, Bitter $35 - 50 /sf
KitsilanoLocal residential, secondary retailLa Quercia, Trattoria, Bishops, The Bibo, The Local, The Eatery $35 - 50 /sf
ChinatownLocal residentialBao Bei, Nicli, The Pint $30 - 36 /sf
Main StreetLocal residential, secondary retailPizza Farina, The French Table, Campagnolo, Crave, The London Pub, Nuba $20 - 40 /sf
South GranvilleLocal residential, touristsCactus Club, Viji’s, Tojo’s West, Joey $60 - 100 /sf
West EndLocal residential, touristsCactus Club, Raincity Grill, The Boathouse, The Calling, Vera’s Burger Shack, Speakerbox, Stepho’s Tojo’s, Akira $45 - 75 /sf

Data as of September 2015


Vancouver Contacts

HENDRIK ZESSEL

Senior Managing Director, Cushman & Wakefield Ltd
700 West Georgia St, Suite 700
Vancouver, BC, V7Y 1A1
Tel: +1 604 640 5803
Mob: +1 604 290 7712

ALASTAIR FERGUSSON

Associate Vice President, Cushman & Wakefield Ltd
700 West Georgia St, Suite 700
Vancouver, BC, V7Y 1A1
Tel: +1 604 640 5825

CRAIG HAZIZA

Vice President, Cushman & Wakefield Ltd
700 West Georgia St, Suite 700
Vancouver, BC, V7Y 1A1
Tel: +1 604 640 5891
Mob: +1 604 831 2823