Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Condo, Development, Retail

19-Storey Mixed-Use Tower Proposed for 1394 Robson Street

Asia Standard has submitted a development application for a 19-storey condo/social housing building at 1394 Robson Street, at the northwest corner of Robson and Broughton in the West End.

The site is the former location of the Robsonstrasse Hotel, acquired by Asia Standard in July 2018 for $24,780,000. The current proposal replaces the 5-storey office and retail scheme submitted for the site in 2018, which contemplated 14,771 SF of retail, 9,966 SF of office and a density of just 2.86 FSR under the site’s existing C-6 zoning. The new application takes the site to the full density contemplated by the West End Community Plan.

Details of the proposal include:

  • 19 storeys, with a two-storey commercial podium and a residential tower above;
  • 72 condo units and 15 social housing units;
  • 14 studios, 26 one-bedrooms, 26 two-bedrooms and 6 three-bedrooms;
  • Commercial at grade and on the second level;
  • A total density of 8.75 FSR, of which 1.20 FSR is dedicated to commercial use;
  • A residential tower plate of 4,024 SF, below the 5,500 SF maximum set by the West End Community Plan;
  • Site frontages of 66 ft on Robson Street and 124 ft on Broughton Street;
  • Three levels of underground parking with vehicular access from the lane.

Residential entry is oriented to Broughton Street, with the commercial frontage and market residential entrances addressing Robson. Indoor and outdoor amenity space is proposed on top of the podium and within the podium and tower plates.

The architectural approach is described as a contextual response to the site’s position between the low-rise, brick-and-wood character of the West End and the glass-and-steel edge of Coal Harbour — a single uninterrupted rectangular mass with a repeating modular facade grid, clad in brick. The precedent projects cited are 520 Fifth Avenue and 130 William in New York.

The 2018 purchase price for the site equates to $327 per buildable SF based on the current application.

The architect for the project is Arcadis.

August 16, 2026by david.taylor@colliers.com
Retail, SOLD

Fraser Street Retail Building Sells for $906/SF

A single-tenant streetfront retail property at 6167 Fraser Street in Vancouver has sold for $2,900,000, representing $906 per square foot.

Property Details

  • Sale price: $2,900,000
  • Price per SF: $906
  • Building size: 3,200 SF
  • Lot size: 3,790 SF

The property is a single-storey, single-tenant retail building with gated surface parking, situated on a 33-foot frontage along Fraser Street. It is zoned C-2A (Mixed-Use) within the Sunset community and carries a Mixed-Use Low-Rise Official Plan designation. The property was vacant at the time of sale.

Fraser Street retail continues to trade at meaningful price-per-square-foot levels. For context, the $906/SF achieved here sits just below the broader Vancouver retail average and compares to recent trades such as Main & East 28th at $810/SF (August 2025). If you own retail property along Fraser Street or elsewhere in Vancouver and are curious about current market value, I would be happy to provide an opinion.

Karim Winsor of TRG Commercial brokered the sale.

July 17, 2026by david.taylor@colliers.com
Retail, SOLD

West Vancouver Retail Building Sells for $9,500,000 ($1,418/SF) in Ambleside

A single-storey retail building in West Vancouver’s Ambleside Village sold in April 2026 for $9,500,000.

Key Details:

  • Sale Price: $9,500,000
  • Price/SF: $1,418
  • Building Size: 6,700 SF
  • Lot Size: 12,109 SF
  • Cap Rate: 2.75%

The property at 1802 Marine Drive is a corner site at Marine Drive and 18th Street in Ambleside Village, one of the most tightly held retail corridors in Metro Vancouver. Built in 1966, the single-storey building sold vacant, with the transaction recorded as a fee simple transfer in April 2026. The site is zoned AC2 (Ambleside Centre Zone 2) and falls within the Ambleside Village Centre OCP designation, which supports future mixed-use redevelopment.

The property last traded as part of a two-lot assembly that had been marketed by Cushman & Wakefield as 1802–1814 Marine Drive, a 6,872 SF fully leased retail complex occupied by Sleep Country and S.T. Arts. The sale price reflects the premium that Ambleside commands — Marine Drive has consistently produced some of the highest retail prices per square foot in Metro Vancouver, with recent transactions along the corridor ranging from just under $900 to over $1,900 per square foot.

The property is located in West Vancouver, at the corner of Marine Drive and 18th Street in the Ambleside neighbourhood.

June 18, 2026by david.taylor@colliers.com
Retail, SOLD

Langley Automotive-Tenanted Retail Property Sells at 4.9% Cap Rate

A multi-tenant automotive retail property at 5948 200th Street in Langley has sold for $3,450,000.

The 9,090 SF single-storey building was constructed in 1961 on a 19,863 SF (0.46 acre) C-2 zoned site with 79 feet of frontage on 200th Street. The building is demised into three units, all leased to automotive tenants on triple net leases, including Langcity Brake & Muffler.

 

Details:

• Purchase Price: $3,450,000
• Price per SF: $380
• Cap Rate: 4.9%
• Building Size: 9,090 SF
• Site Area: 19,863 SF 

The purchaser is Triple A Custom Homes Ltd., a Richmond-based builder — a buyer profile that may suggest longer-term redevelopment interest beyond the current income stream. The property is located one block south of the Willowbrook Shopping Centre node and approximately 750 metres from the future Langley City Centre SkyTrain station, currently under construction with completion expected in 2029.

The $380/SF result sits below the $543/SF achieved in January 2026 on Langley Business Plaza — a multi-tenant Pharmasave-anchored building on nearby Fraser Highway — though the automotive subtype and older vintage account for the discount. The 4.9% cap rate is consistent with recent suburban Fraser Valley retail transactions, which have generally traded in the 4.9%–5.3% range for fully leased product.

The sale was brokered by Goodman Commercial Inc.

May 3, 2026by david.taylor@colliers.com
Retail, SOLD

Denman Street Restaurant Property Sells for Nearly $2,000/SF

A single-tenant streetfront retail building at 1047 Denman Street in Vancouver’s West End has sold for $3,420,000 — or $1,966 per square foot — in what is one of the highest $/SF results recorded for a small-format retail property in the neighbourhood.

The 1,740 SF single-storey building, constructed in 1954, sits on a 2,178 SF (32 x 66 foot) C-5 zoned lot in the heart of Denman Village, steps from English Bay and Stanley Park. The property was fully occupied at the time of sale by Sushi Aboard, with a lease running through August 2029. The reported NOI was $70,013, implying a going-in yield of approximately 2.0%.

 

Details:

• Purchase Price: $3,420,000
• Price per SF: $1,966
• Building Size: 1,740 SF
• Tenant: Sushi Aboard
• Lease Expiry: August 2029
• NOI: $70,013

The sale price exceeded the $3,295,000 asking price, reflecting the competitive demand for freehold retail properties in high-traffic West End locations. Denman Street’s pedestrian traffic, tourism exposure, and position within Vancouver’s most densely populated neighbourhood support the significant premium.

The West End Community Plan designates Denman Village for mixed-use development up to 2.2 FSR and 60 feet in height, providing potential longer-term redevelopment optionality for the purchaser beyond the current income stream.

The sale was brokered by Sheldon Scott and Arjen Heed of Sitings Realty.

May 3, 2026by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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