Empty storefronts can be part of healthy retail districts — signs that new tenants may be navigating permits through city hall or renovating premises before they open a refreshed space.
Vancouver has, however, seen a rise in vacant storefront properties, particularly in key retail areas such as Alberni Street, downtown Granville Street and the Broadway Corridor.
Some sites have been vacant for years for site-specific reasons, but data suggests increasing street-level vacancies are part of a broader trend.
Alberni Street readying for new tenants
The most recent retail report from Colliers International found that Alberni Street’s luxury strip had a 12.49-per-cent vacancy rate — the highest rate in the
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