Downtown Van releases latest stats on health of the downtown core

What’s the story behind the empty storefronts on Granville Street? The Downtown Vancouver Business Improvement Association reveals the state of the district’s economy.

Author

Kate Wilson
September 11, 2024

Downtown skyline at night. Photo: Shutterstock

Since the pandemic, Vancouver’s downtown core has undergone a visible shift. Notable storefronts have closed — particularly in the Alberni luxury corridor — and the first few months of this year saw lower foot traffic in all areas of the peninsula. 

The Downtown Vancouver Business Improvement Association — known colloquially as Downtown Van — has been tracking economic data for the area for a number of years. The non-profit represents 7,000 business and property owners in the central 90-block area of the downtown core, and measures the activity happening in the region. Based on that data, the organization has released the updated statistics for its economic dashboard, revealing a number of insights into the health of the region.

Storefront vacancy remains high

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