In the fourth quarter of 2022, the pace of new leasing activity increased by 4.5% QOQ, registering 1.1 million square feet (msf). Manufacturing and third-party logistics companies accounted for the most significant portion of leasing activity this quarter.
Various retailers are in expansion mode, with Gap’s Athleta opening a second location on Robson Street, one of Vancouver’s prime retail streets. Jollibee opened its first restaurant in B.C on Granville Street and will continue its expansion in Metro Vancouver with another location in Vancouver and two in Surrey.
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