Vancouver Retail Real Estate Market
Q1 2026 Vancouver retail market reported vacancy rate at 2.7% (+10 bps QoQ, +100 bps YoY). Avg NNN asking rent at $39.04/sf (+$0.04 QoQ, +$1.18 YoY) and retail cap rate at 4.5% (0 bps QoQ, 0 bps YoY). Additional indicators included avg sale price at $727.00/sf, net absorption (12-mo trailing) at -1.6M sf, and under construction at 743K sf (0 sf QoQ).
Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Metro Vancouver, drawn from broker research. Q1 2026 · Updated July 15, 2026.
Sources: Lee & Associates retail Q1 2026 · Q1 2026 broker research
Vacancy rate
2.7%
1 broker source
Avg NNN asking rent
$39.04/sf
1 broker source
Retail cap rate
4.5%
1 broker source
Avg sale price
$727.00/sf
1 broker source
Net absorption (12-mo trailing)
-1.6M sf
1 broker source
Under construction
743K sf