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B.C.  + Retail  | 
Aerial photo of Vancouver's Downtown Eastside.

Vancouver Could Allow Temporary DES Retail Occupancy

The City of Vancouver could launch a pilot program that would permit temporary occupancy of empty ground-level stores on the Downtown Eastside.

City council has approved a motion from Coun. Mike Klassen calling for the proposed pilot.

Council must still approve the proposed program, which city staff are now looking to set up.

The effort is designed to boost permanent DES retail leasing. Klassen aims to reduce delays in enabling organizations from opening new locations in the poverty-stricken area, which ranks among Canada’s poorest.

If approved, the pilot program would apply to empty storefronts along Hastings Street and in Chinatown. Landon Hoyt, executive-director of the Hastings Crossing Business Improvement Association, told Business in Vancouver that DES vacancy rates currently sit above 30%, although the area has some of the lowest rents in the city.

“Now that number is coming down—I’m happy to say—but we still face this crisis,” Hoyt told BIV. “These vacancies aren’t just missed economic opportunities. They add to public safety issues, deter investment and reinforce the perception that this neighbourhood has been abandoned.”

Meanwhile, he told his BIV interviewer, entrepreneurs, artists, non-profits and community groups seeking to lease space are “blocked by red tape, high costs and complex permitting, in addition to all the challenges of opening a business these days.”

Pictured: Vancouver’s Downtown Eastside.

Photo: Shutterstock

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Inside The Story

Mike KlassenLandon Hoyt

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Policy/Gov't
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