A recent update of downtown Sidney business vacancy rates shows signs like these are becoming harder to spot. (File)

A recent update of downtown Sidney business vacancy rates shows signs like these are becoming harder to spot. (File)

Sidney commercial vacancy rates declining

Economic Development Commission has budget restored to improve visibility

Communicating what the Town of Sidney’s Economic Development Commission (EDC) does is a high priority for the coming years.

On Monday, Sidney Town Council confirmed restoring the EDC’s annual budget to $100,000 and will allow the EDC to collaborate with North and Central Saanich on economic development issues on the Saanich Peninsula.

That will help the EDC meet some of its internal goals. In a recent presentation to council, EDC Chair David Calveley said the group has to lets its work be known in the general community — or raise its overall profile in order to have the information they collect reach the public.

Some of that information in their recent report to council, includes a revision of the amount of buildings, stores or offices that are vacant in downtown Sidney in a retail gaps study conducted by Urbancis Consultants Ltd. and additional data collected by the EDC itself.

The Town commisioned Urbanics to collect local data on business vacancies, following up on a Sidney Business Improvement Area study done in early 2016 that showed many business spaces were vacant in town. The EDC was given the task of updating that information in a more formal setting, and the Urbancs study was part of the process.

According to the Urbanics report, overall unit vacancies in Sidney were as high was nine per cent (or 36 units) in July of this year. By September, that had dropped to 8.29 per cent.

Looked at as vacant square feet along Beacon Avenue specifically, that percentage drops to a high of five per cent in July, dropping to 4.6 per cent in September.

Urbanics noted in its December report that most of those vacancies were on the second level of buildings in the downtown area of Sidney — roughly 25 per cent of all second floor units.

“In contrast, only six per cent of street level units are vacant,” stated the report. “Of all the vacancies, six are either getting redeveloped or will soon be redeveloped and three are classified as vacant but might be amalgamated into neighbouring space.”

Overall commercial vacancy rates in Sidney, said the report, are not dissimilar from downtown Victoria, which has also experienced a drop in its overall street-level store vacancy rate between 2015 and 2016.

“We anticipate that Sidney’s business district is also likely to experience similar retail expansion and increased demand for street-front retailing going forward.”

Councillor Mervyn Lougher-Goodey seized upon the lower Beacon Avenue vacancy rate, saying that the work of EDC and the Urbanics report “eradicates the bad stuff.” He referred to the early 2016 SBIA study as “flawed information.”

“The problem is,” he said, “people in the community still are asking about the empty storefronts.”

He said more work needs to be done to get the word out about more current vacancy rates.

Coun. Erin Bremner-Mitchell said that’s the EDC’s objective — to communicate better with the public about its work.

The report also showed council the gaps in retail in Sidney. Those fall in areas such as general merchandise, furniture and home furnishings and eating and drinking establishments. The report does address the local retail food segment, noting it’s well-represented, apart from specialty shops (butcher, cheese shop). The report stated those “would be supported through additional “inflow” of retail expenditure form the secondary and tertiary trade areas.”

Urbanics also looked at Sidney’s various market opportunities and noted that snapshots of commercial vacancies need to be taken periodically to determine trends.

The report takes in current market information and makes some projections based on population growth and income. It does not mention the potential impact of commercial projects such as the Sidney Crossing retail site on Victoria Airport Authority land, or the Sandown development in nearby North Saanich. Both of those projects have yet to come to pass.



editor@peninsulanewsreview.com

Like us on Facebook and follow us on Twitter

Just Posted

Flowers and candles were laid on the driveway of the Weber home, where Kerri Weber was found dead in November 2020. (Black Press Media file photo)
Langford man to stand trial for death of his wife last November

Ken Weber is charged with second-degree murder of his wife, Kerri Weber

Police dog Obi assisted in an arrest Tuesday night after a man reportedly damaged a Victoria restaurant with a large steel beam. (Courtesy of VicPD)
Police dog called in after Victoria restaurant damaged with steel beam

Suspect reportedly entered restaurant and started damaging walls

Police dog Hitch helped arrest a man who had reportedly threatened the security guards of a Victoria shopping centre with a knife on June 15. (Photo courtesy of VicPD)
Man with knife arrested after reportedly threatening Bay Centre security guards

The K9 unit’s police dog, Hitch, was deployed to assist with the arrest

Kidspace, which took over the YMCA-YWCA childcare centre at Eagle Creek Village, plans to reopen the Y’s fitness centre as the Eagle Creek Athletic Club in September. (Photo courtesy of Kidpsace)
Former Y fitness centre in View Royal aims to reopen in September

Kidspace taking over both the gym and the childcare facility at Eagle Creek Village

GardenWorks nursery in Oak Bay at its home until August. (Black Press Media file photo)
GardenWorks puts down new roots in Oak Bay this summer

Nursery shifts down The Avenue to fill former fitness studio space

Maxwell Johnson is seen in Bella Bella, B.C., in an undated photo. The Indigenous man from British Columbia has filed complaints with the B.C. Human Rights Tribunal and the Canadian Human Rights Commission after he and his granddaughter were handcuffed when they tried to open a bank account. THE CANADIAN PRESS/HO-Heiltsuk Nation, Damien Gillis, *MANDATORY CREDIT*
VIDEO: Chiefs join human rights case of Indigenous man handcuffed by police in B.C. bank

Maxwell Johnson said he wants change, not just words, from Vancouver police

The discovery of a missing woman’s body in Nanaimo earlier this month is now being treated as homicide, say Nanaimo RCMP. (File photo)
Discovery of woman’s body in downtown Nanaimo now being investigated as a homicide

Amy Watts was found dead near Albert Street and Victoria Crescent on June 3

People line up to get their COVID-19 vaccine at a vaccination centre, Thursday, June 10, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Vaccines, low COVID case counts increase Father’s Day hope, but risk is still there

Expert says people will have to do their own risk calculus before popping in on Papa

B.C. Premier John Horgan listens as Finance Minister Selina Robinson presents the province’s latest budget, April 20, 2021. The budget projects $19 billion in deficits over three years. (Hansard TV)
B.C. government budget balloons, beyond COVID-19 response

Provincial payroll up 104,000 positions, $10 billion since 2017

Ocean debris is shown on Long Beach in Tofino, B.C. on April, 18, 2012. THE CANADIAN PRESS/Jonathan Hayward
Shoreline cleanup finds COVID-related trash increased during height of the pandemic

Great Canadian Shoreline Cleanup reports litter from single-use food packaging nearly doubled

Doctor David Vallejo and his fiancee Doctor Mavelin Bonilla hold photos of themselves working, as they kiss at their home in Quito, Ecuador, Wednesday, June 9, 2021. Doctor Vallejo and Doctor Bonilla suspended their wedding in order to tend to COVID-19 patients and in the process Vallejo got sick himself with the disease, ending up in an ICU for several days. (AP Photo/Dolores Ochoa)
Love, sacrifice and surviving COVID-19: one couple’s story

COVID hits Ecuadorian doctors who delayed wedding to treat sick

The Tsow-Tun Le Lum Society, which has been operating a treatment centre on land leased from the Nanoose First Nation for 35 years (pictured), has begun a fundraising campaign to open a new centre near Duncan. (Tsow-Tun Le Lum Society photo)
New residential school healing centre to be built near Duncan

$5-million Indigenous treatment centre will help survivors of residential schools heal

Two Lotto Max tickets sold on Vancouver Island were winners, though nobody won the $70-million jackpot in Tuesday’s draw. (BCLC image)
Vancouver Island lottery players win $1 million and $500,000 in Lotto Max draw

$1 million ticket sold in Campbell River, $500,000 ticket sold in Nanaimo

St. Joseph's Mission site is located about six kilometres from Williams Lake First Nation. (Photo submitted)
Williams Lake First Nation to search residential school site for unmarked graves

St. Joseph’s Mission Indian Residential School operated from 1886 to 1981

Most Read