Metro Vancouver’s Bricks-and-Mortar Property Sector Rebuilding
Following the release of Lee & Associates Vancouver’s latest Retail Executive Summary, Senior Vice President Neil McAllister spoke to Business in Vancouver about the bricks-and-mortar retail market in Metro Vancouver.
“Vancouver, McAllister noted, is playing catch-up on shopping space because it has a relative shortage of shopping venues. This is in spite of Metro Vancouver posting an average of $3.3 billion in monthly retail sales in 2019, third highest in Canada. Metro Vancouver retail is not dead, McAllister said; it is simply evolving.”