Thompson - Okanagan, BC Commercial Real Estate for Lease and Sale

Explore 62 listings of Thompson - Okanagan commercial real estate to find the best space for your business.

13226 Victoria Rd N

13226 Victoria Rd N, Summerland, BC
Property

Office

1,870 SF
For Sale

$475,000
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4501 Westside Road

4501 Westside Road, Caesars, Kelowna, BC
Property

VacantLand

279 Acre
For Sale

$3,850,000
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1090 Ricardo Road - Lot 726

1090 Ricardo Road, Kamloops Indian Reserve, Kamloops, BC
Property

VacantLand

15,246 SF
For Sale

$1,275,000
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6670 Trans-Canada Highway

6670 Trans-Canada Highway, Salmon Arm, Canoe, BC
Property

VacantLand

9.26 Acre
For Sale

$3,000,000
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1929 Kent Road

1929 Kent Road, Landmark - Fisher North, Kelowna, BC
Property

Office

1,922 SF
Availability

1 Space

1,922 SF
For Lease Contact for pricing
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107-1455 Ellis Street

1455 Ellis Street, Downtown Kelowna, Kelowna, BC
Property

Office

300 SF
Availability Contact for availability
Year Built

1972
For Lease Contact for pricing
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Okanagan Lake Waterfront Building Site

7433 Brooks Lane, Okanagan Landing, Vernon, BC
Property

VacantLand
For Sale

$2,595,000
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3406 32nd Avenue
Adaptable Business Centre
3406 32nd Avenue, Vernon, BC
Services

Meeting Room

Private Office
Amenities

Kitchen

Mail services

Natural light

Parking

TV/Monitor
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7 - 3185 Via Centrale Drive

3185 Via Centrale, Quail Ridge, Kelowna, BC
Property

Retail

420 SF
Year Built

1995
For Sale

$498,000
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2484 Main Street

2484 Main Street, Westbank Centre, West Kelowna, BC
Property

Retail

10,015 SF
Availability

1 Space

10,015 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Thompson - Okanagan commercial real estate market incorporates 59,369 square feet of office space across 10 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Thompson - Okanagan commercial real estate market includes 318,927 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Thompson - Okanagan market, there is a total of 134,592 square feet of industrial property.
The listing inventory in Thompson - Okanagan incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Thompson - Okanagan is represented by Industrial space, which accounts for 98,281 square feet of available listings. Retail space available in Thompson - Okanagan adds up to 59,757 square feet.

Meanwhile, most of the listings of commercial property for sale in Thompson - Okanagan are in the Retail category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Thompson - Okanagan is $11.9 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Thompson - Okanagan can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Thompson - Okanagan, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Thompson - Okanagan is in the Bellevue neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Landmark - Fisher North area.

Meanwhile, retail space opportunities are most abundant in the Bellevue submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Beaver Lake Road.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21 per square foot. In particular, the property type commanding the highest lease rates in Thompson - Okanagan was Office space.
The average size of a commercial property in Thompson - Okanagan depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Thompson - Okanagan, the average size of an office property is 5,937 square feet.
- Retail properties here incorporate an average of 28,994 square feet.
- Industrial space in Thompson - Okanagan is in buildings that are, on average 22,432 square feet in size.

Thompson - Okanagan, BC Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Thompson - Okanagan currently add up to 388,703 square feet. The market offers 8 active office listing(s), which amount to 13,736 square feet and account for 47% of commercial spaces on the market. Local retail availability includes 59,757 square feet across 5 retail space(s). Industrial space for rent opportunities in Thompson - Okanagan amount to 98,281 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	8	13,736
Retail	5	59,757
Industrial	3	98,281
Other	1	216,929

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Thompson - Okanagan, BC. Currently, there is 217,670 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 6 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	2	19,870
Retail	6	22,883
Industrial	3	12,942
Other	15	161,975

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Thompson - Okanagan, BC Commercial Real Estate for Lease and Sale

13226 Victoria Rd N

4501 Westside Road

1090 Ricardo Road - Lot 726

6670 Trans-Canada Highway

1929 Kent Road

107-1455 Ellis Street

Okanagan Lake Waterfront Building Site

3406 32nd Avenue

7 - 3185 Via Centrale Drive

2484 Main Street

Frequently Asked Questions

Thompson - Okanagan, BC Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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