2022 Q1

Greater Vancouver Retail Sales Market Report

Klein | Reports | 2022 - Q1 Commercial Retail Market Report
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Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained  herein, and the same is submitted subject to errors and omissions, without any obligation to update or correct.

Highlights

How Retail properties have responded to the market.

100
2022 Q1 Sales Transactions
$110B
2022 Q1 Sales Volume
440

Largest Market Share - City

2022 Q1

Greater Vancouver Overview

Total Sales & Transaction Volume
20182019202020212022
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Burnaby24$ 304,009,65916%24$ 68,536,12511%29$ 45,617,0006%32$ 129,742,07614%6$ 13,988,47611%$ 0
Coquitlam13$ 28,274,7002%9$ 44,338,9517%8$ 41,447,0006%13$ 81,212,2279%1$ 1,150,0001%$ 0
New Westminster12$ 136,722,4487%13$ 26,272,3764%4$ 3,812,5001%9$ 25,491,4503%1$ 2,105,0002%$ 0
North Vancouver14$ 49,995,2523%13$ 21,457,5003%29$ 87,919,02812%30$ 78,502,4759%3$ 13,116,00011%$ 0
Port Coquitlam11$ 13,460,5651%3$ 21,573,5003%6$ 40,180,0006%9$ 28,611,0003%0$ 00%$ 0
Port Moody9$ 19,087,2001%4$ 8,617,0001%24$ 7,665,0001%0$ 00%1$ 3,668,8883%$ 0
Richmond53$ 196,659,39910%40$ 96,722,56415%70$ 174,256,60024%39$ 116,597,54913%2$ 1,288,0001%$ 0
Vancouver145$ 1,053,039,93256%101$ 334,615,88353%112$ 318,946,59844%127$ 419,342,80046%22$ 84,690,49668%$ 0
West Vancouver4$ 74,650,0014%3$ 7,610,0001%1$ 2,500,0000%6$ 31,168,7363%1$ 4,200,0003%$ 0
Grand Total285$ 1,875,899,156100%210$ 629,743,900100%283$ 722,343,726100%265$ 910,668,313100%37$ 124,206,860100%$ 0
2018
Burnaby24$ 304,009,65916%
Coquitlam13$ 28,274,7002%
New Westminster12$ 136,722,4487%
North Vancouver14$ 49,995,2523%
Port Coquitlam11$ 13,460,5651%
Port Moody9$ 19,087,2001%
Richmond53$ 196,659,39910%
Vancouver145$ 1,053,039,93256%
West Vancouver4$ 74,650,0014%
Grand Total285$ 1,875,899,156100%
2019
Burnaby24$ 68,536,12511%
Coquitlam9$ 44,338,9517%
New Westminster13$ 26,272,3764%
North Vancouver13$ 21,457,5003%
Port Coquitlam3$ 21,573,5003%
Port Moody4$ 8,617,0001%
Richmond40$ 96,722,56415%
Vancouver101$ 334,615,88353%
West Vancouver3$ 7,610,0001%
Grand Total210$ 629,743,900100%
2020
Burnaby29$ 45,617,0006%
Coquitlam8$ 41,447,0006%
New Westminster4$ 3,812,5001%
North Vancouver29$ 87,919,02812%
Port Coquitlam6$ 40,180,0006%
Port Moody24$ 7,665,0001%
Richmond70$ 174,256,60024%
Vancouver112$ 318,946,59844%
West Vancouver1$ 2,500,0000%
Grand Total283$ 722,343,726100%
2021
Burnaby32$ 129,742,07614%
Coquitlam13$ 81,212,2279%
New Westminster9$ 25,491,4503%
North Vancouver30$ 78,502,4759%
Port Coquitlam9$ 28,611,0003%
Port Moody0$ 00%
Richmond39$ 116,597,54913%
Vancouver127$ 419,342,80046%
West Vancouver6$ 31,168,7363%
Grand Total265$ 910,668,313100%
2022
Burnaby6$ 13,988,47611%
Coquitlam1$ 1,150,0001%
New Westminster1$ 2,105,0002%
North Vancouver3$ 13,116,00011%
Port Coquitlam0$ 00%
Port Moody1$ 3,668,8883%
Richmond2$ 1,288,0001%
Vancouver22$ 84,690,49668%
West Vancouver1$ 4,200,0003%
Grand Total37$ 124,206,860100%
$ Volume And Number Of Transactions
Row Labels$ VolumeTransactions
20181894986356.08294
Qtr160270585463
Qtr2359034684.5266
Qtr331347410775
Qtr4619771710.5690
2019638360899.56214
Qtr1106342733.1639
Qtr2213303711.7475
Qtr3158623913.6652
Qtr416009054148
2020722343725.88267
Qtr112448380147
Qtr2269432996101
Qtr3160697035.1364
Qtr4167729893.7555
2021910668313.16265
Qtr1224654907.3765
Qtr2249724645.881
Qtr3159716771.9945
Qtr427657198874
2022124206860.1937
Qtr1124206860.1937
Retail Market Share

2022 Q1

Burnaby Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
7231 Frances Street$ 24,000,000--
4049-4071 Hastings Street$ 6,200,000--
THE CENTRE at Sun Towers 2$ 2,917,6001066$ 2,738
THE CENTRE at Sun Towers 4$ 2,634,800956$ 2,757
THE CENTRE at Sun Towers 1$ 2,445,800878$ 2,785
4340 Hastings Street$ 2,400,0001900$ 1,263
THE CENTRE at Sun Towers 3$ 1,984,320707$ 2,807
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
2018304009659.0924
Qtr12664598307
Qtr24757551
Qtr3186500004
Qtr418424074.0912
20196853612524
Qtr1148610257
Qtr266380006
Qtr3350500005
Qtr4119871006
20204476700028
Qtr1119440006
Qtr21438340012
Qtr359499003
Qtr4124897007
2021140202076.0436
Qtr136668556.046
Qtr23164500010
Qtr32488400010
Qtr44700452010
202213988476.196
Qtr113988476.196
Grand Total571503336.32118
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr1882.93870153237333.333333333331350316699
Qtr22309.49029126212309.49029126212309.4902912621206
Qtr3673.04094175262505.4217974637908.4302325581430876
Qtr4693.56422823337238.888888888891530.791788856343150
20190000
Qtr1760.333378692604.29702223897967.7419354838719770
Qtr2913.74115958652652.625333728861929.90654205618660
Qtr31035.2060315599457.485743467531992.753623188463340
Qtr41150.295962495595.339343425752133.698030634615179
20200000
Qtr11134.4368225716938
Qtr2823.07962128971405.82897992851124923559
Qtr3929.6666666666760814118523
Qtr4889.3333333333331418870
20210000
Qtr1942.21751619157064
Qtr21143.2222222222570251338127
Qtr3810.14285714286534122223822
Qtr41885.25478280711444
20220000
Qtr11449.4913257710244
Grand Total1009.82905281861752807787601

2022 Q1

Coquitlam Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
The Windsor$ 1,150,000 962 $ 2,016
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20182827470013
Qtr1132960006
Qtr280399002
Qtr358888004
Qtr410500001
2019443389519
Qtr18680001
Qtr213841001
Qtr3124750004
Qtr4296118513
2020414940008
Qtr1214500002
Qtr271000003
Qtr4129440003
20218189222714
Qtr159050003
Qtr2364522275
Qtr3132800004
Qtr4262550002
202211500001
Qtr111500001
Grand Total19714987845
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr1686.1666666666744497126482
Qtr2521.520384036258
Qtr3593.544777911858
Qtr4116411641164902
20190000
Qtr18188188181061
Qtr25625625622461
Qtr351027080129748
Qtr4860.33333333333376143369900
20200000
Qtr11245239225110654
Qtr2711.3333333333356487610854
Qtr4520.532072132800
20210000
Qtr12012.5200920165955
Qtr22001.51986201660979
Qtr31983.251949201222989
Qtr42000.519902011893
20220000
Qtr1201620162016962
Grand Total1103.45238095242032251324756

2022 Q1

New Westminster Retail Sales

Sales & Price By Neighbourhood
Row LabelsSale PriceSize (SF)Price/SF
Belmont Tower$ 2,105,0003319$ 634
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
201813672244812
Qtr11050252482
Qtr215494002
Qtr3184478005
Qtr4117000003
201926272376.1613
Qtr167520003
Qtr255550003
Qtr313105376.166
Qtr48600001
202038125004
Qtr18000001
Qtr319625002
Qtr410500001
20212827145011
Qtr1146264505
Qtr220300001
Qtr347700003
Qtr468450002
202221050001
Qtr121050001
Grand Total197183774.1641
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr1574457691153190
Qtr23241564928079
Qtr3521.219997045206
Qtr4954.66666666667832117011415
20190000
Qtr1535.6666666666733970112635
Qtr2586.3333333333349070210328
Qtr3660.33333333333363108023425
Qtr43313313312597
20200000
Qtr13443443442324
Qtr37026277772928
Qtr43853853852730
20210000
Qtr1611.646782926289
Qtr23893893895223
Qtr3445.3333333333319874813662
Qtr494971511838659
20220000
Qtr16346346343319
Grand Total594.463414634151561183332009

2022 Q1

North Vancouver Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
Promenade at the Quay$ 8,250,000 5,104 $ 1,616
3065 & 3069 Edgemont Boulevard$ 3,476,000 2,500 $ 1,390
Compass$ 1,390,000 1,390 $ 1,000
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20184999525214
Qtr1144160423
Qtr328400025
Qtr4327392086
20192145750013
Qtr124200003
Qtr238000004
Qtr370625004
Qtr481750002
202086977028.3329
Qtr1357230016
Qtr260828884
Qtr332235945.5810
Qtr412935193.759
202191067249.833
Qtr1171440009
Qtr220739494.87
Qtr3278947558
Qtr4252890009
2022131160003
Qtr1131160003
Grand Total262613030.1392
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr1957.66666666667930100815273
Qtr3886.66666666667678104510478
Qtr4643.8333333333335387551471
20190000
Qtr1859.666666666677539802797
Qtr2933.7581010454015
Qtr3843501119810785
Qtr41185.5105013217060
20200000
Qtr1967.8865113945848
Qtr2931.7573411006868
Qtr3806.7401105644621
Qtr4891385141312670
20210000
Qtr1843.77777777778548124823490
Qtr21028541147620971
Qtr31012.125708146729919
Qtr41141954135912056
20220000
Qtr11335.3333333333100016168994
Grand Total931.325581395353531616307316

2022 Q1

Port Coquitlam Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
No Transactions in 2022-Q1---
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20181346056511
Qtr142655654
Qtr234650003
Qtr321850002
Qtr435450002
2019215735003
Qtr210250001
Qtr4205485002
2020230400005
Qtr101
Qtr2171400002
Qtr336000001
Qtr423000001
202128610999.999
Qtr100
Qtr263780003
Qtr314682999.993
Qtr475500003
202200
Qtr100
Grand Total86685064.9928
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr1425.63502672612385487.634970393599958
Qtr2447.33553271953432.39951278928462.794918330317742
Qtr3426.19806280814426.03953646898426.356589147295127
Qtr4405.66488522704364.36007348438446.96969696978233
20190000
Qtr2394.23076923077394.23076923077394.230769230772600
Qtr4237.3976113177783.260424663502391.53479797204222698.14475571
20200000
Qtr10000
Qtr249044054032135
Qtr34184184188610
Qtr46396396393600
20210000
Qtr10000
Qtr219961981201115633
Qtr32001.52000200335213
Qtr41958.3333333333194819764354
20220000
Qtr10000
Grand Total859.3719437199983.2604246635022011355903.14475571

2022 Q1

Port Moody Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
2525 Saint Johns Street$ 3,668,888--
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
2018190872009
Qtr294850002
Qtr328000001
Qtr468022006
201986170004
Qtr141000001
Qtr27920001
Qtr437250002
202055650005
Qtr121000001
Qtr212300001
Qtr313850002
Qtr48500001
202100
Qtr100
Qtr200
Qtr300
Qtr400
202236688881
Qtr136688881
Grand Total3693808819
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr21126.54320987651126.54320987651126.54320987655086
Qtr324024024011665
Qtr4812.666666666676879048444
20190000
Qtr18158158155032
Qtr2903903903877
Qtr4754.56958144807
20200000
Qtr15865865863585
Qtr28668668661421
Qtr3953.59499581451
Qtr4119411941194712
20210000
Qtr10000
Qtr20000
Qtr30000
Qtr40000
20220000
Qtr10000
Grand Total824.85548293391240119443080

2022 Q1

Richmond Retail Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (SF)Price/SF
Parker Place$ 750,000663$ 1,131
Richmond Towers$ 538,000468$ 1,150
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
2018196659398.753
Qtr18550286813
Qtr22109053812
Qtr32638800013
Qtr463677992.715
201996722564.1640
Qtr137645974.1614
Qtr23836950014
Qtr3184880006
Qtr422190906
2020135814600.5553
Qtr1582280010
Qtr24170299922
Qtr325168801.5514
Qtr4631200007
202111659754939
Qtr14949786212
Qtr22437800010
Qtr3222308887
Qtr42049079910
202212880002
Qtr112880002
Grand Total547082112.41187
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr11172.16071646802646
Qtr2882.91666666667383127637436
Qtr3894.23076923077425162044826
Qtr4899.666666666672911570121538
20190000
Qtr1830.28571428571390146168604
Qtr2890.357142857142131513157273
Qtr3798.16666666667592107222100
Qtr4792.6666666666764810292878
20200000
Qtr11015.534015456008
Qtr2957.09090909091497145842376
Qtr3881.14285714286499169326115
Qtr4821.571428571435381148113177
20210000
Qtr1829.33333333333427165194627
Qtr2868.9445179634737
Qtr31113.1666666667778189214097
Qtr41163.12566018789708
20220000
Qtr11140.5113111501131
Grand Total924.1657458563521318921599277

2022 Q1

Vancouver Retail Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (SF)Price/SF
McKinnon$ 11,500,000 8,675 $ 1,326
1010 West Broadway$ 9,050,000 5,800 $ 1,560
1952 & 1956 West Broadway$ 9,000,000--
2784 Kingsway$ 7,700,000--
2211 Burrard Street$ 7,199,997 4,790 $ 1,503
The Hooper Building$ 5,350,000 6,019 $ 889
Skyline on Broadway$ 5,000,000 4,471 $ 1,118
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20181053039932.29145
Qtr111374030027
Qtr2295794091.5240
Qtr316847450539
Qtr4475031035.7739
2019334615883.24101
Qtr1355957349
Qtr2154368111.7443
Qtr365413037.525
Qtr47923900024
202025815474394
Qtr14454400020
Qtr25835285515
Qtr38789488831
Qtr46736300028
2021433755800.33133
Qtr197403039.3329
Qtr211019818842
Qtr38769690425
Qtr413845766937
20228469049622
Qtr18469049622
Grand Total2164256854.86495
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr11046.37037037044472119117464
Qtr21120.97058823534232922267710
Qtr31100.33333333331723211165445
Qtr41029.89743589743563026574489
20190000
Qtr1942.88888888889383139147751
Qtr2868.790697674422891732200738
Qtr31175.52508306962968
Qtr4965.625992111141058
20200000
Qtr1938.55485179657524
Qtr21205.1333333333644234457144
Qtr31139.3448275862706210757690
Qtr41026388191177234
20210000
Qtr11070.3214285714505229598479
Qtr21054.87804878055101925105685
Qtr31272.347826087510266875750
Qtr41043.46666666673912764141158
20220000
Qtr11307.125410212248628
Grand Total1066.31702127669932112296915

2022 Q1

West Vancouver Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
6665 Royal Avenue$ 4,200,000--
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
2018746500003
Qtr296500002
Qtr3650000001
201976100003
Qtr25800001
Qtr370300002
202025000001
Qtr100
Qtr200
Qtr325000001
Qtr400
2021311687366
Qtr134100001
Qtr2179037363
Qtr351750001
Qtr446800001
202242000001
Qtr142000001
Grand Total12012873614
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20180000
Qtr21470112718135473
Qtr326002600260024992
20190000
Qtr25615615611033
Qtr3776.55989559641
20200000
Qtr10000
Qtr20000
Qtr31190.47619047621190.47619047621190.47619047622100
Qtr40000
20210000
Qtr19749749743500
Qtr2138187518879701
Qtr38488488486100
Qtr41120112011204178
20220000
Qtr10000
Grand Total1212.373015873561260066718
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