Vancouver Retail for Lease - Downtown Vancouver
The iconic Canada Place complex is located on the waterfront of downtown Vancouver and is home to the luxurious five star Pan Pacific Vancouver Hotel, Vancouver Convention Centre, and the Cruise Ship Terminal. The building is adjacent to major downtown office towers, hotels, the Seawall, fitness centres, and other amenities.
• 1,325,000 cruise ship passengers annually (2023)
• 624,000 hotel guests per year
• Vancouver Convention Centre 1,000,000 patrons (2024)
• Among the major markets, Vancouver saw the highest occupancy for 2024 at 83.8%, up 5.3% over 2023
• Moderate revenue growth will continue into 2024 and beyond as hotel operators push for higher room rates, with Vancouver 2025 RevPAR growth expected to grow at 2.7%