Figures
Victoria Retail Figures Q2 2026
82,000 sq. ft. of new supply delivered in H1
July 30, 2026 5 Minute Read
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- Greater Victoria’s retail availability rose modestly to 478,000 sq. ft., driven by increased Downtown supply, while High Street and Suburban availability continued to tighten amid strong tenant demand and elevated tourism activity.
- Retail movement was led by new market entrants, relocations, and food-and-beverage operators backfilling vacant spaces, reinforcing continued demand for well-located storefronts across Greater Victoria.
- Approximately 254,000 sq. ft. of new retail supply is anticipated in 2026, with development activity concentrated in the suburbs and completions weighted toward the second half of the year.
- Downtown Victoria continues to face street-level challenges, though resilient leasing activity, strong tourism, and the federal return-to-office mandate are expected to support weekday foot traffic and retailer demand.