Muji, Mall Space and Retailing in Vancouver

Price Tags

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It’s no surprise that retailing in Vancouver is a treasure trove for business owners, and attracts a wide cross market of shoppers from various backgrounds and ages. As Chuck Chiang reports in The Province “Vancouver’s retail market, driven by wealthy locals, tourists taking advantage of the devalued Canadian dollar, and new immigrants, currently ranks as Canada’s top location in terms of annual sales-per-square-foot at more than $1,000. Toronto sits second at around $860.”

“Vancouver is a very young retail market and many brands have not yet opened street stores,” said Mario Negris, executive vice president of CBRE’s (Coldwell Banker Richard Ellis)  retail group in Vancouver. “We anticipate a vast number of new entrants into the downtown retail landscape. … In the mid-market, we anticipate a revitalization on streets such as Robson and Granville as larger international users solidify locations in the market.”

Although we have the consumers, many stores breaking into…

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