Oakridge Park is the third iteration of a shopping mall on the central Vancouver site. They first opened in 1959. Today’s mall distinguishes itself from its predecessors with homes for 6,000 people and 700,000 square feet of office space in addition to 650,000 square feet of retail and dining space.
But Oakridge is by no means the largest mall in B.C. Here are the top 5 by leasable space:
According the International Council of Shopping Centers, which surveyed 111 participating malls across Canada in 2025, downtown Vancouver’s Pacific Centre and Richmond Centre are the most productive shopping centres in the province, with $1,593 and $1,466 in sales per square foot, respectively.
63% of Canadian retailers recorded year-over-year sales growth in 2025. Still, the vacancy rate for enclosed malls hit a high of 7.5% across Canada last year following the Hudson’s Bay wind-down.
U.S. data shows a strong rebound since the pandemic, with 2024 foot traffic increasing 9.7% in indoor malls, 10.1% in open-air malls and 10.7% in outlet malls. Shopping centres are doubling down on their experiential advantage over online retail, as 75% of American consumers visit malls not just to shop, but also to visit with friends and family.
Sources: QuadReal Property Group, Retail Insider, Retail Council of Canada, Jones Lang LaSalle, Growth Factor
