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commercial real estate opportunities vancouver bcAccording to a recent report by Marcus & Millichap, this is a great time for commercial real estate investment in Vancouver, BC. This is due in part to the fact that plenty of new retailers have begun to move towards the area. They are interested in Vancouver’s stable population growth and amazing tourism figures (to the tune of 10.3 million visitors last year), both of which help to drive development.

In addition, many retailers from all over the world are setting up shop in Vancouver, often the first place they make inroads in Canada. Several high-end companies, such as Tiffany & Co., Prada, Hublot and Van Cleef & Arpels have moved into the area and set the bar very high for other shopping in the city.

There is also a limited amount of space available for commercial investors, which means that the area that is available comes at a premium. There are 2 million square feet of retail space open at this point, and more and more is being zoned for mixed use as things tighten up.

If you’re interested in learning more about opportunities for investment throughout Canada, get in touch with Marcus & Millichap's Vancouver office. One of our experienced commercial real estate advisors will be happy to provide you with additional information.

 
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