“Just like there’s been an affordability crisis in residential housing, we’re seeing a similar issue in commercial real estate, and I think it’s something that’s maybe overlooked.
Across all these districts, an average of 11 per cent of commercial-retail units or storefronts were counted as empty, based on visual inspection, business license data and online research, according to a 2021 inventory conducted by the city.
Strathcona covers a large area, representing more than 435 business owners, said Business Improvement Association executive-director Vincent Kwan.
More news, fewer ads, faster load time: Get unlimited, ad-lite access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites for just $14/month or $140/year.
We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments.
This website uses cookies to personalize your content , and allows us to analyze our traffic.