NAVIGATING THE WORLD OF RETAIL IN VANCOUVER & THE LOWER MAINLAND
NAVIGATING THE WORLD OF RETAIL
NAVIGATING THE WORLD OF RETAIL
METRO VANCOUVER RETAIL LEADING THE COUNTRY METRO VANCOUVER $766 CAD $590 CAD $1,051 CAD Sales Productivity 17 SF 24 SF 15 SF Retail per Capita 4% 8% 3% Vacancy Rates
ONLINE SHOPPING PERCENTAGE OF TOTAL SPENDING 2% 8% vs. 4 X Shipping Costs
ONLINE SHOPPING OF ONLINE PURCHASES ARE RETURNED
MERCHANDISING MIX Entertainment is the New Food Food is the New Fashion 1 http://visualmelt.com/Gary-Card
MILLENNIAL SPENDING PATTERNS FOOD AND BEVERAGE 24 Of total 18 % spending 14 % % Millennials Gen X Boomers
MILLENNIAL SPENDING PATTERNS FITNESS
LUXURY SHOPPING
RETAILERS OWNED BY PRIVATE EQUITY
BIG GET BIGGER
MERGER OF BRICKS & CLICKS
SEARS CLOSURES POSITIVE FOR METRO VANCOUVER Capilano Mall Brentwood Planned for Coquitlam Centre redevelopment or Metropolis expansion Guildford Willowbrook
DEVELOPMENT TRENDS TRANSIT ORIENTED DEVELOPMENTS The Amazing Brentwood http://www.theamazingbrentwood.com/transit.html Oakridge Centre Pacific Centre https://www.cadillacfairview.com/en_CA/retail-pages/cf-pacific-centre/gallery.html Redevelopment http://marinegateway.com/ http://westbankcorp.com/oakridge-vancouver Marine Gateway
DEVELOPMENT TRENDS MIXED USE Cambie & 8 th Crossroads http://pci-group.com/PCIprojects/crossroads/ https://casestudies.uli.org/the-rise/
DEVELOPMENT TRENDS PUBLIC TRANSIT & INFRASTRUCTURE INVESTMENT
CONCLUSIONS Retail Is Not Dead, But evolving
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