Vancouver Business Brokers: Influx of Luxury Brands Fuels Rise in Rent

Luxury fashion brand Prada is set to open a spacious store on downtown Vancouver’s Alberni Street very soon. With an impressive 7,700 square meters to play with, the Italian brand is launching its first “Made-to-Measure” service in Canada.

Prada is not alone in recognising the potential of Vancouver’s expanding luxury retail market, which is located between the Fairmont Hotel Vancouver on West Georgia Street and the Shangri-La Hotel on Alberni Street. Over the last five years Burberry, Versace, Dior De Beers, Rolex, Moncler and Strellson have all moved into retail spaces in this downtown zone, creating a local version of LA’s world renowned Rodeo Drive. High-end jewellers Tiffany and Co., a longstanding brand in Vancouver, is also expected to expand its retail presence from 2,000 square feet to 14,000 square feet this year.


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