Study reveals vacancy ‘snapshot’

A study refutes the perception that downtown Vernon is overwhelmed by vacant storefronts

A study refutes the perception that downtown Vernon is overwhelmed by vacant storefronts.

A survey conducted by the City of Vernon and the Downtown Vernon Association shows a vacancy rate of 7.9 per cent for street-level units in the central core Nov. 2 to 6.

“It’s a good snapshot,” said Kevin Poole, the city’s economic development manager. “Council had a goal in its strategic plan of a vacancy rate of 10 per cent or less downtown. Overall, I don’t think it’s too bad at all.”

The survey shows a six per cent vacancy rate on 30th Avenue and 13.1 per cent for those streets immediately off of 30th Avenue. For the rest of downtown, the vacancy rate is 7.9 per cent.

The report also highlights commercial vacancies more than 5,000-square-feet in size.

They include the former Liquidation World, the old legion building and the former Canadian Mental Health building.

“They aren’t easy sites to resolve, especially with such large square footage,” said Poole. “Prospective businesses also look at parking.”

But while some challenges exist with large properties, Poole believes there are opportunities for new tenants overall downtown.

“We have to make people aware of what is available.”

Among the initiatives being launched by the city is an online portal with maps.

“The map will highlight capital projects, new and proposed developments, along with vacant commercial space and redevelopment opportunities in the downtown,” said Poole.

 

Just Posted

Ancestral remains uncovered at Fintry to be reburied

Remains found along Shorts Creek in Fintry Provincial Park during flood remediation measures

Vernon cowboy collects Canadian saddlebronc title

Jaret Cooper, a Grade 10 Vernon Secondary student, has qualified for Canadian Finals Rodeo

Okanagan Rail Trail to officially open

Thursday, Sept. 27, 11 a.m., Oyama Boat Launch, Wood Lake; public welcome

Vernon’s veterans’ unit stays true to association acclaim

The Army-Navy Airforce Veterans Unit 5 is always accepting new members

VIDEO: Neighbours fear impact of B.C. tent city residents

Greater Victoria residents opposed to campers voice concerns at provincial campground

New evacuations ordered because of Florence flooding

Emergency managers on Friday ordered about 500 people to flee homes along the Lynches River

B.C. doctor weighs in on the kid ‘screen time’ debate

A Maple Ridge mother opens up about her children’s use of tablets, smartphones and television

B.C. councillor’s expenses being sent to the RCMP

Decision to have expenses audited and shared with RCMP taken at special meeting of council

More than 35 B.C. mayors elected without contest

No other candidates for mayor in the upcoming local election in 22 per cent of B.C. cities

Legal society poster seeks complainants against two cops on Downtown Eastside

Pivot Legal Society became aware of allegations made against the officers after a video circulated

Jury to deliberate in case of Calgary man accused of murdering woman

Curtis Healy could be convicted of first-degree murder, second-degree murder or manslaughter

House arrest for man who abused disabled B.C. woman, then blamed her

‘Groomed complainant’ and ‘violated position of trust,’ judge says

Most Read