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

Greater Victoria is ranked fourth out of 27 Canadian cities for the best places for youth to work in, according to a RBC report. (Black Press Media file photo)
Greater Victoria among best Canadian cities for youth to work in, says RBC report

Region ranked fourth out of 27, behind Vancouver, Hamilton and Edmonton

Saanich police reported an increase in violent crimes and a drop in traffic incidents in the first three months of 2021 compared to the final quarter of 2020. (Black Press Media file photo)
Saanich police report increase in violent crimes during first quarter of 2021

More domestic violence, less property crime and distracted driving compared to end of 2020

Donna Brower (left) and her daughter Carol Anne Penner, members of the Silver Swans – a quilting group of 12 ladies who meet at the Swan Lake Christmas Hill Nature Sanctuary – with a mountain of masks they sewed. (Photo submitted by Julia Dawson)
Saanich quilting group nabs first prize in Volunteer BC photo contest

Silver Swans sewing club raised more than $12,000 for Swan Lake nature sanctuary

The City of Victoria is proposing a northern contraction from Haultain Street to Bay Street with a western contraction from Cook Street to Chambers Street for Fernwood. (Illustration/Google Maps)
Community association calls for input on Victoria boundary changes

City of Victoria proposes changes to neighbourhood borders

After seizing a handgun from his home on Tuesday, Victoria police arrested a wanted man on Wednesday after he fled officers on his bike. (Black Press Media file photo)
Man wanted on several warrants flees Victoria officers on bike

He was arrested after a brief struggle, transported to hospital with injuries

Marc Kielburger, screen left, and Craig Kielburger, screen right, appear as witnesses via video conference during a House of Commons finance committee in the Wellington Building in Ottawa on Tuesday, July 28, 2020. The committee is looking into Government Spending, WE Charity and the Canada Student Service Grant. THE CANADIAN PRESS/Sean Kilpatrick
BREAKING: Trudeau didn’t violate conflict rules over WE Charity

Federal ethics commissioner Mario Dion found that former finance minister Bill Morneau did violate the rules

Erik Christian Oun, who worked for the Coquitlam school district, has had his teaching licence suspended for half a year. (Pixabay)
Coquitlam teacher suspended after messaging students online, calling them ‘cutie’ and ‘sweetheart’

Erik Oun’s licence has been suspended for half a year, a decision made by the B.C. Commissioner for Teacher Regulation

An Israeli attack helicopter launches flares as he flies over the Israeli Gaza border, southern Israel, Thursday, May 13, 2021. (AP Photo/Ariel Schalit)
Singh calls for halt on Canadian arms sales to Israel as violence escalates in region

Government data shows Canada sent $13.7 million in military goods and technology to Israel in 2019

Scenes like this one in the dugout are all too frequent for parents and kids arriving to play baseball at Nunns Creek Park these days, spurring a request to the city to let them move to the Sportsplex in Willow Point. Photo from CRMB presentation to City of Campbell River
Needles, feces and the unhoused send Island kids baseball program to greener pastures

Campbell River minor baseball program switches ballparks over growing safety concerns

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Budget’s foreign-homebuyers tax could bring in $509 million over 4 years, PBO says

Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents

A Canadian flag patch is shown on a soldier’s shoulder in Trenton, Ont., on Thursday, Oct. 16, 2014. The Canadian Forces says it has charged one of its members in the death of an army reservist from British Columbia during a training exercise at a military base in Alberta last year. THE CANADIAN PRESS/Lars Hagberg
Canadian Forces member charged in death of army reservist during training exercise

Cpl. Lars Callsen has been charged with one count of negligence

Health Minister Adrian Dix looks during a press conference in the rotunda at Legislature in Victoria, B.C., on Wednesday May 6, 2020. THE CANADIAN PRESS/Chad Hipolito
B.C. to use remaining AstraZeneca vaccine for 2nd doses

Health officials say the change is due to the limited availability of the vaccine

A youth plays basketball in an otherwise quiet court in Toronto on Saturday April 17, 2021. The Canadian Civil Liberties Association is urging the federal and provincial governments to fight COVID-19 pandemic by focusing on proven public health policy interventions including paid sick leave, and education rather than punitive enforcement measures. THE CANADIAN PRESS/Chris Young
Provinces issued more COVID-19 tickets during 2nd wave: CCLA report

‘A pandemic is a public health, not a public order, crisis,’ reads the report

Most Read