The Downtown Storefront Report is an overview of Downtown Vancouver’s retail and dining conditions outlining how vacancy has changed as well as highlighting key openings and closings.
Report Highlights
- 27 new food and beverage businesses opened since November 2021
- 15 new retail businesses opened since November 2021
- With 11 new businesses, quick-service dining saw more new businesses than any other category
- Spending growth at Downtown Vancouver restaurants reached as high as 187% in 2022 compared to 2021
- 1.6% increase in open storefront businesses since November 2021
Media Coverage
Roundtable Event
The event took place at the Hyatt Regency Vancouver and featured a report overview by Downtown Van’s Research Analyst, Sean Bailey. Sean’s presentation was followed by a roundtable discussion moderated by Gavin Duffus, Downtown Van’s Manager of Economic Development. Thank you to the panelists who lent their expertise to the roundtable and helped to put the findings of the report into perspective:
Adrian Beruschi, Senior VP Retail Properties, CBRE
Brahm Kornbluth, VP General Manager, Hudson’s Bay Vancouver Downtown
Joanne Zarifé, Business Director, Zaatar W Zeit
