Victoria, BC Commercial Real Estate for Lease - 26 Listings

715-717 Douglas Street (Crystal Garden Retail)

715 - 717 Douglas Street , Downtown Victoria, Victoria, BC
Property

Retail

868 SF
Availability

1 Space

868 SF
Year Built

1925
For Lease

$22.00/SF/YR
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200 - 2840 Nanaimo Street

200 - 2840 Nanaimo Street, Hillside, Victoria, BC
Property

Office

2,468 SF
Availability

1 Space

2,184 SF
For Lease

$15.00/SF/YR
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Weiler Building

609 Broughton Street, Downtown Victoria, Victoria, BC
Property

Office

47,240 SF
Availability Contact for availability
Year Built

1899
For Lease Contact for pricing
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813 Fort Street

813 Fort Street, Downtown Victoria, Victoria, BC
Property

Retail

1,294 SF
Availability Contact for availability

For Lease Contact for pricing
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The Atrium
Regus
1321 Blanshard Street/800 Yates Street Suite 301, Victoria, BC
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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The Sayward Building

1207 Douglas Street, Downtown Victoria, Victoria, BC
Property

Office

49,358 SF
Availability

1 Space

3,324 SF
Year Built

1910
For Lease Contact for pricing
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811 Bay Street

811 Bay Street, Central Park, Victoria, BC
Property

Retail

7,122 SF
Availability

1 Space

3,514 SF
For Lease

$23.00/SF/YR
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579 Gorge Road East

579 Gorge Road East, Rock Bay, Victoria, BC
Property

Industrial

2,354 SF
Availability

1 Space

2,354 SF
For Lease

$18.00/SF/YR
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YATES
Regus
535 Yates Street #200, Victoria, BC
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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3045 Douglas Street

3045 Douglas Street, Mayfair, Victoria, BC
Property

Office

17,850 SF
Availability

3 Spaces

4,901 SF
For Lease

$17.00/SF/YR
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The Wedge

952 Johnson Street , Downtown Victoria, Victoria, BC
Property

Retail

180,000 SF
Availability

3 Spaces

4,136 SF
Year Built

2024
For Lease

$35.00/SF/YR
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1808 Government Street

1808 Government Street, Downtown Victoria, Victoria, BC
Property

Retail

10,000 SF
Availability

1 Space

952 SF
For Lease

$32.00/SF/YR
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Dogwood

1019 Wharf St, Downtown Victoria, Victoria, BC
Property

Office

47,760 SF
Availability Contact for availability
Year Built

1843
For Lease Contact for pricing
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706 & 708 Douglas Street (VCC)

706 - 708 Douglas Street , Downtown Victoria, Victoria, BC
Property

Retail

1,461 SF
Availability

1 Space

1,461 SF
For Lease

$31.00/SF/YR
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2031 Store Street
KWENCH
2031 Store Street, Victoria, BC
Services

Open Workspace

Event Space

Dedicated Desk
Amenities

24/7 security

Bar

Bike storage

Complimentary coffee & tea

Ergonomic furniture

Free water

High-speed internet

High-speed wifi

Kitchen

Library
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810 Humboldt Street
Digital Desks Executive Coworking
810 Humboldt Street, Victoria, BC
Services

Virtual Office

Open Workspace

Meeting Room

Dedicated Desk
Amenities

Accessible

Bike storage

Complimentary coffee & tea

Ergonomic furniture

Free water

High-speed wifi

Parking

Printer

Receptionist/Secretarial services

Shower
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722 Cormorant Street
The Dock
722 Cormorant Street #300, Victoria, BC
Services

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

A/V equipment

Bike storage

Catering

Free water

High-speed wifi

Lockers

Mail services

Pet friendly

Printer

Privacy booths
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777 Fort Street
Fort Tectoria
777 Fort Street, Victoria, BC
Services

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

Cleaning services

High-speed internet

Kitchen

TV/Monitor
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Sussex Place

1001 Douglas Street, Downtown Victoria, Victoria, BC
Property

Office

115,601 SF
Availability

1 Space

1,204 SF
Year Built

1995
For Lease Contact for pricing
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848 Courtney Street
Paramount Executive Centre
848 Courtney Street #300, Victoria, BC
Services

Meeting Room

Private Office
Amenities

Business address

Cleaning services

Complimentary coffee & tea

Heating & A/C

High-speed internet

Kitchen

Mail services

Office furniture

Printer

Receptionist/Secretarial services
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2675 Bridge Street

2675 Bridge Street, Rock Bay, Victoria, BC
Property

Office

3,738 SF
Availability

1 Space

3,738 SF
For Lease

$16.00/SF/MO
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Pandora

1008 Pandora Avenue, Central Park, Victoria, BC
Property

Retail

44,000 SF
Availability

3 Spaces

4,470 SF
For Lease Contact for pricing
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2520 Bridge Street

2520 Bridge Street, Rock Bay, Victoria, BC
Property

Office

1,510 SF
Availability

1 Space

1,510 SF
For Lease

$22.00/SF/YR
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Westside Village

172-184 Wilson Street, Victoria West, Victoria, BC
Property

Retail

80,754 SF
Availability

2 Spaces

2,546 SF
Year Built

1997
For Lease Contact for pricing
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1990 Fort Street

1990 Fort Street, Jubilee, Victoria, BC
Property

Office

25,000 SF
Availability

1 Space

1,080 SF
For Lease Contact for pricing
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The Redfern

1920 Oak Bay Avenue, Jubilee, Victoria, BC
Property

Retail

1,891 SF
Availability

1 Space

1,891 SF
Year Built

2023
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Victoria commercial real estate market incorporates 316,147 square feet of office space across 11 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Victoria commercial real estate market includes 351,027 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Victoria market, there is a total of 2,354 square feet of industrial property.

The listing inventory in Victoria incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Victoria is represented by Retail space, which accounts for 21,452 square feet of available listings. Office space available in Victoria adds up to 17,941 square feet.

Meanwhile, most of the listings of commercial property for sale in Victoria are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Victoria is $25.69 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Victoria can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Victoria, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Victoria is in the Downtown Victoria neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Mayfair area.

Meanwhile, retail space opportunities are most abundant in the Downtown Victoria submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Rock Bay.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $40 per square foot.

The average size of a commercial property in Victoria depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Victoria, the average size of an office property is 28,741 square feet.
Retail properties here incorporate an average of 29,253 square feet.
Industrial space in Victoria is in buildings that are, on average 2,354 square feet in size.

Victoria, BC Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Victoria currently add up to 41,747 square feet. The market offers 9 active office listing(s), which amount to 17,941 square feet and account for 42% of commercial spaces on the market. Local retail availability includes 21,452 square feet across 11 retail space(s). Industrial space for rent opportunities in Victoria amount to 2,354 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	9	17,941
Retail	11	21,452
Industrial	1	2,354

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Victoria, BC. Currently, there is 58,042 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	5,622
Retail	2	22,023
Other	5	30,397

Victoria, BC Commercial Real Estate for Lease - 26 Listings

715-717 Douglas Street (Crystal Garden Retail)

200 - 2840 Nanaimo Street

Weiler Building

813 Fort Street

The Atrium

The Sayward Building

811 Bay Street

579 Gorge Road East

YATES

3045 Douglas Street

The Wedge

1808 Government Street

Dogwood

706 & 708 Douglas Street (VCC)

2031 Store Street

810 Humboldt Street

722 Cormorant Street

777 Fort Street

Sussex Place

848 Courtney Street

2675 Bridge Street

Pandora

2520 Bridge Street

Westside Village

1990 Fort Street

The Redfern

Frequently Asked Questions

Victoria, BC Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Victoria, BC Commercial Real Estate for Lease - 26 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Victoria, BC?

What factors affect the price of commercial real estate in Victoria, BC?

What is the average rent for commercial space in Victoria, BC?

What are the best areas for commercial real estate in Victoria, BC?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Victoria, BC?

Victoria, BC Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us