The Lonsdale Avenue corridor of Vancouver’s North Shore is booming with energy as businesses open, real estate developments break ground and the multi-cultural population continues to expand. Mostly centralized in the Lower Lonsdale Shipyards District, but Central Lonsdale is also becoming quite dense and having a good foot traffic ratio for local shop owners.
Upper Lonsdale has many development applications with the District of North Vancouver that have been submitted and are going through the legal process before getting underway. A number of these are renovations on older buildings that have been in the North Lonsdale Delbrook neighbourhood for years. One block up from highway 1 on Lonsdale is a building on the West side of the road that has been burned out from the inside, this lot is being rezoned for a larger mixed use building.
Whether you want to buy commercial real estate for your company, find a new retail space to lease and move into or purchase an already existing local business for sale, you will be able to find what you need using the resources below. Including properties from Edgemont Village, Lynn Valley, Capilano, Seymour, Deep Cove and across the waterfront adjacent to Lonsdale Quay.
Lonsdale is a diverse place to realize your business dreams or for purchasing property as a real estate investor. You can’t go wrong with investing on the North Shore. Most realtors and brokers agree that long term investments in local real estate here is a sound decisions, ask around and see for yourself what professionals in the Lower Mainland think about commercial property investment in North Van.
Currently for Sale Properties
2916 Lonsdale Avenue – 15,000 sq ft retail building with long term tenants
1467 Crown Street – 6,450 sq ft and located by 2nd narrows bridge
120 West 3rd Street – 1,200 sq ft with store frontage on main street
126 West 3rd Street – 1,150 sq ft with secure location near Lonsdale
135 East 3rd Street – 0.25 acre of overall property for sale
110 East 1st Street – 1,700 sq ft of leased commercial building
Recently Sold Properties
120 Lonsdale Avenue – 21,600 sq ft 3 story commercial building
300 East Esplanade – 6,000 sq ft of light industrial/commerical
Commercial Space for Lease
50 Fell Avenue – up to 4,311 sq ft at $20 per sq ft – Dockside Business Centre
288 East Esplanade – 23,510 sq ft at $21 per sq ft – Brewery District
1529 Lonsdale Avenue – 16,000 sq ft at $20 per sq ft – Central Lonsdale
1301 Lonsdale Avenue – 26,000 sq ft at $28-$50 per sq ft – by City hall
126 East 15th Street – 871 sq ft at $25 per sq ft – corner retail space
118 Carrie Cates Court – 13,000 sq ft at $50 per sq ft – Lonsdale Quay
Under Construction Lease Space
The Lonsdale – located in Central Lonsdale
Lonsdale Square – located in Upper Lonsdale
Promenade at the Quay – located in the Shipyards District
The average lease price per square foot is $20-$75 per month.
The average purchase price per square foot is $675-$1200.
The vacancy rates ending in 2019 were 7.4% heading to 4% in 2020.
Strongest office leasing environment of the past 15 years.
Annual absorption of 41,669 sq ft in 2019, most absorption since 2007.
Coworking office spaces and retail seem to be the most stable.
Up to 30,000 people per day take the Seabus at Lonsdale Quay.
Many new brands and developers are driving property value.
You can read this detailed zoning map for the City of North Van.
Notable Businesses for Sale
1615 Lonsdale Avenue – 200 sq ft outfitted restaurant
1902 Lonsdale Avenue – 1,150 sq ft cafe near highway 1
180 West Esplanade – 650 sq ft ice cream store
132 West Esplanade – 850 sq ft pizza delivery shop
751 Lonsdale Avenue – 1,200 sq ft greek food restaurant
123 Carrie Cates Court – 400 sq ft clothing store boutique
228 Lonsdale Avenue – 1,800 sq ft restaurant venue space
Places to View Listings
*If you are looking for commercial space to purchase, lease or if you have property to sell, contact us to add your listing to this article as we will update it from time to time to keep things fresh.