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CF Pacific Centre is a 621,000 square foot indoor shopping centre located at 701 W Georgia Street in downtown Vancouver, British Columbia, extending across three city blocks from Pender to Robson Street. Opened in 1990 and owned by Cadillac Fairview, it houses approximately 100 stores, emphasizing premium and luxury retail categories such as fashion, accessories, and dining. Key anchors include Holt Renfrew (the chain"s highest-performing location in Western Canada), Harry Rosen menswear, and flagship outlets for Canada Goose and Lucid Motors, alongside first-to-market global brands.
The tenant mix caters to affluent consumers, with a strong food court generating $3,779 per square foot in sales. Situated in the Vancouver Census Metropolitan Area (population 3.1 million, third-largest in Canada), it serves a demographic with average household income of $134,195 (48% over $100,000) and average net worth exceeding $1 million, including a significant Chinese community. As a major tourist gateway for Asian and U.S.
visitors, it benefits from high dwell time (36 minutes average) and connectivity via direct indoor access to two SkyTrain lines, bus routes, seven adjacent office towers, and a forthcoming five-star hotel. Sales productivity reached $1,454 per square foot in 2025, ranking third nationally with a $130 year-over-year increase, underscoring its status as one of North America"s most efficient malls.
Leasing advantages include opportunities for diverse, high-end retailers targeting luxury and international segments, supported by resilient downtown footfall. However, broader market challenges such as regional mall vacancy climbing to 11.2% in H1 2025, elevated construction and financing costs (Bank of Canada rate at 4.5%), and competition from street retail (e.g., Robson Street at $131 psf asking rent) and nearby centres like Oakridge could elevate operational risks and limit expansion for non-premium tenants.
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Hours of Operation
Hours
| Monday | 10:00 AM — 07:00 PM |
| Tuesday | 10:00 AM — 07:00 PM |
| Wednesday | 10:00 AM — 07:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 09:00 PM |
| Saturday | 10:00 AM — 08:00 PM |
| Sunday | 11:00 AM — 07:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile
The Vancouver CMA encompasses 3.1 million residents, with 57% aged 25-54 and average age of 40 years. Household income averages $134,195, with 48% surpassing $100,000 and net worth over $1 million, bolstered by high real estate values. A prominent Chinese community and tourist inflows from Asia/U.S. create a diverse shopper base, averaging $122,514 household income and 36-minute dwell time. This profile favors luxury retail but exposes vulnerabilities to economic pressures like 5.2% unemployment and rising living costs, potentially reducing discretionary spending in weaker categories.
Sales and Productivity Metrics
In 2025, CF Pacific Centre recorded $1,454 sales per square foot, up $130 year-over-year, securing third place among Canadian malls and highlighting top North American productivity. Food court performance hit $3,779 per square foot. Historical data shows 21.6 million annual visits in 2017, driven by central location and tourism. Amid 2.0% retail sales growth YTD 2024, these metrics indicate strong consumer resilience, though sector-wide vacancy rises and interest rates at 4.5% pose risks to sustained performance and new lease commitments.
Competitive Landscape and Risks
Regional mall vacancy surged to 11.2% in H1 2025, up from 7.7% mid-2024, amid high build-out costs and financing challenges, contrasting with CF Pacific Centre"s low vacancy and active leasing (e.g., former Nordstrom space). Competition stems from Robson Street (asking rents $131 psf), Alberni Street ($187 psf), and redeveloped Oakridge Centre, plus Metrotown. Downtown office vacancy at 21% in Q3 2025 may spill over, but premium tenant mix and transit links provide buffers. Market saturation in luxury and economic slowdowns (1.6% BC GDP growth 2023) could challenge occupancy and rent negotiations for mid-tier retailers.
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Vancouver, BC
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City Snapshot
Vancouver, BC
Comprehensive market intelligence for retail expansion in this city
