Coquitlam Retail Building Sales Analysis
Coquitlam Retail Building Sales — Price Per SF Analysis (2016–2026)
This report analyzes 37 retail building transactions recorded in Coquitlam between August 2016 and March 2026, representing over $361 million in total transaction volume. Coquitlam’s retail investment market has matured significantly over the past decade — supported by the Evergreen SkyTrain extension, rapid population growth, and a deep base of local private investors active across the Lougheed Highway, Austin Avenue, United Boulevard, and Barnet Highway corridors. Data compiled by David Taylor, Senior Vice President at Colliers International in Vancouver, and tracked on Vancouver Market.
Key Market Observations
Four distinct corridors, four pricing tiers. Austin Avenue and Brunette Avenue small-format retail trades at $625–$1,091/SF. Lougheed Highway larger-format plazas trade at $440–$720/SF. United Boulevard big-box and service commercial trades at $331–$690/SF. Barnet Highway trades at $270–$560/SF. Understanding which corridor a property sits on is essential to accurate pricing.
Small buildings command a persistent premium. Properties under 5,000 SF regularly trade above $850/SF, while buildings above 15,000 SF typically price between $330 and $560/SF. The buyer pool for smaller Coquitlam retail includes owner-users, driving pricing above income-based levels.
2021 was the peak year — $142 million across 9 transactions. The anchor was 101 Schoolhouse Street at $42,000,000 ($518/SF), the dataset’s largest deal. 2635 Barnet Highway ($23.5M), 1110 Lougheed Highway ($24.9M), and 1300 Woolridge Street ($14M) rounded out a year of institutional-scale activity that established Coquitlam as a mature retail investment market.
Repeat sales confirm long-term appreciation. 1751 United Boulevard appreciated 59% over eight years ($434/SF in 2017 to $690/SF in 2026). 1555 United Boulevard rose from $331/SF in 2021 to $478/SF in 2024. 1300 Woolridge Street moved from $354/SF in 2017 to $373/SF in 2021. Each repeat sale demonstrates steady positive value creation.
The Evergreen SkyTrain extension has supported demand. Coquitlam’s connection to the Millennium Line since 2016 has underpinned both tenant demand and investor interest, particularly for properties in the Lougheed Highway and Austin Avenue corridors near transit stations.
Notable Coquitlam Retail Sales
Largest by dollar volume: 101 Schoolhouse Street — $42,000,000 ($518/SF, Mar 2021). 1395 United Boulevard — $24,925,000 ($376/SF, Dec 2019). 1110 Lougheed Highway — $24,900,000 (Oct 2021). 2635 Barnet Highway — $23,507,227 ($560/SF, Jun 2021). 1751 United Boulevard — $21,675,707 ($690/SF, Mar 2026).
Highest $/SF: 465 North Road — $2,251/SF ($21.2M, Feb 2020). 953 Brunette Avenue — $1,091/SF ($4.8M, Jun 2022). 3000 Lincoln Avenue — $1,019/SF ($10.8M, Dec 2016). 816 Roderick Avenue — $997/SF ($3.4M, May 2023). 1042 Austin Avenue — $988/SF ($4.3M, Mar 2022). 1125 Falcon Drive — $982/SF ($5.4M, Jun 2024). 1066 Austin Avenue — $926/SF ($3.2M, Mar 2021).
Frequently Asked Questions
What is the average price per square foot for Coquitlam retail buildings?
Based on 37 transactions from 2016 to 2026, the average price per square foot for Coquitlam retail is approximately $633. However, this average masks a wide range: small-format buildings under 5,000 SF regularly achieve $850–$1,091/SF, while larger-format properties on United Boulevard and Barnet Highway trade in the $270–$560/SF range. The corridor and building size are the primary determinants of pricing.
Which Coquitlam retail corridors command the highest prices?
Austin Avenue and Brunette Avenue command the highest per-SF pricing for small-format retail, consistently achieving $625–$1,091/SF. Lougheed Highway is the strongest corridor for mid-sized plazas at $440–$720/SF. United Boulevard offers large-format and service commercial product at $331–$690/SF. Barnet Highway represents the most value-oriented tier at $270–$560/SF.
What was the largest Coquitlam retail sale?
The largest retail transaction in the dataset is 101 Schoolhouse Street, which sold in March 2021 for $42,000,000 ($518/SF). The second-largest was 1395 United Boulevard at $24,925,000 ($376/SF, December 2019), followed by 1110 Lougheed Highway at $24,900,000 (October 2021).
Is now a good time to sell a retail property in Coquitlam?
Coquitlam’s retail investment market benefits from sustained population growth, SkyTrain connectivity, and a deep base of private investors. While transaction volume has moderated from the 2021 peak, qualified buyers remain active for well-located, fully leased product — particularly on the Austin Avenue, Lougheed Highway, and United Boulevard corridors. David Taylor at Colliers International offers confidential, no-obligation consultations on current market value. Contact david.taylor@colliers.com or 604-761-7044.
How does Coquitlam retail pricing compare to other Metro Vancouver municipalities?
Coquitlam’s average retail $/SF of $633 is broadly comparable to Surrey ($473 for office; retail data varies by corridor) and positioned below Richmond’s average of $785/SF. Small-format Coquitlam retail ($850–$1,091/SF) approaches the pricing seen in established Vancouver high-street corridors. The market offers investors a yield premium relative to Vancouver while benefiting from strong local demographics and SkyTrain access.
How has the Evergreen SkyTrain extension affected Coquitlam retail values?
The Evergreen Extension of the Millennium Line, completed in 2016, has supported tenant demand and investor interest across Coquitlam’s primary retail corridors. Properties near SkyTrain stations — particularly on Lougheed Highway and Austin Avenue — have seen sustained buyer activity. The repeat sales in the dataset (1751 United Boulevard, 1555 United Boulevard, 1300 Woolridge Street) all show positive appreciation since the SkyTrain opened.
For Coquitlam Retail Property Owners
If you own a retail property in Coquitlam and would like to understand its current market value, David Taylor welcomes confidential inquiries from property owners at any stage of the decision-making process.
david.taylor@colliers.com |
604-761-7044 | Vancouver, BC
Interactive Chart & Full Transaction Table
The scatter chart and complete 37-transaction table are below. Hover over any data point for property details.