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740 Herald St 4,209 SF of Retail Space Available in Victoria, BC V8T 0C2
Sublease Highlights
- Corner presence with extensive glass along two sides for excellent visibility.
- Built-in kitchenette and staff area for functional workspace needs.
- Located in the heart of Victoria’s Hudson District with heavy foot traffic near Victoria Public Market.
- Flexible floor plan supporting office or retail layouts, complete with glass-walled offices.
- High interior ceilings create an open, modern environment.
- Convenient transit access and availability of 75 underground parking stalls.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
The 2 spaces in this building must be leased together, for a total size of 4,209 SF (Contiguous Area):
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, 2nd Floor | 4,209 SF | Jul 2028 | $11.26 USD/SF/YR $0.94 USD/SF/MO $47,402 USD/YR $3,950 USD/MO | Triple Net (NNN) |
1st Floor, 2nd Floor
The 2 spaces in this building must be leased together, for a total size of 4,209 SF (Contiguous Area):
This sublease offering presents 4,209 SF of street-front retail or office space in Victoria's Hudson District, a dynamic and rapidly evolving mixed-use hub. The property features an open floor plan with two full sides of floor-to-ceiling windows, providing excellent visibility and natural light for any user. Glass-walled private offices add flexibility for various layouts, while a dedicated staff area with kitchenette supports operational convenience. The location benefits from high pedestrian traffic due to its proximity to the Victoria Public Market, as well as direct access to major arterial roads including Douglas and Blanshard Streets. A prominent transit stop located directly in front of the building ensures strong accessibility for employees and customers. The space is zoned CBD-1, which allows for office, retail, personal services, and assembly uses, offering tenants a broad spectrum of operational options. Sublease terms extend through July 2028, with attractive positioning in a thriving urban setting. Seventy-five underground customer parking stalls, along with additional rentable stalls, enhance accessibility for clients and employees.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- High Ceilings
- Open floor plan with glass walled offices
- Main busstop in front of Victoria Public Market
- Staff area with kitchenette
- Lots of Natural Light
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,209 SF | Year Built | 2015 |
| Property Type | Retail | Parking Ratio | 17.82/1,000 SF |
| Gross Leasable Area | 4,209 SF |
| Total Space Available | 4,209 SF |
| Property Type | Retail |
| Gross Leasable Area | 4,209 SF |
| Year Built | 2015 |
| Parking Ratio | 17.82/1,000 SF |
About the Property
740 Herald Street is located within Victoria's Hudson District, an area designed for mixed-use development and spanning over 1.5 blocks between Douglas and Blanshard Streets. The property sits along major city thoroughfares and offers strong connectivity via public transportation. It includes underground parking and is suitable for various permitted uses under CBD-1 zoning.
- Air Conditioning
Nearby Major Retailers
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740 Herald St
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