Vancouver Neighbourhood:

Gastown

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Gastown BIA
  • People
  • Place
  • Doing Business Here

Population by Age

The Gastown market area is home to 108,128 residents. The population has grown 12% from 2011-2016 - almost double the growth of Vancouver (6.5%) and much higher than Metro Vancouver (4.6%). Area residents are young, working professionals with 37% aged 20-34.

Language & Ethnic Origins

English is the dominant household language spoken in the Gastown market area (76%), higher than Vancouver (66%) and Metro Vancouver (67%). It also has a lower percentage of residents reporting Chinese origins (13%) compared with Vancouver (28%) and Metro Vancouver (21%).

Family Structure

Of the 65,400 households in the BIA catchment area, just 37% are families. This is significantly lower than Vancouver (57%) and Metro Vancouver (71%). In keeping with this fact, the average number of persons per household is 1.6.

Education & Occupation

Gastown area residents are highly educated, with 32% attaining a Bachelor’s Degree. This is higher than Vancouver (26%) and Metro Vancouver (20%). Additionally, 18% have achieved education above the bachelor level. The most common occupations for residents are in sales and service (22%).

Income & Spending

The median household income for residents in the BIA catchment area is $58,802, which is lower than both Vancouver ($65,327) and Metro Vancouver ($72,662). As a result, the average annual expenditure per household in Gastown ($76,538) is notably lower than Vancouver ($84,710) and Metro Vancouver ($87,106).

Zoning

The Gastown BIA is entirely zoned HA-2 to recognize the special status of the area and ensure the maintenance of the neighbourhood’s turn of the century historical architecture. Gastown is one of the top four BIAs for office space, with 39 locations and 885,800 sq. ft.

Housing

98% of all dwellings in the Gastown catchment area are apartments. This is significantly higher than Vancouver (80%) and Metro Vancouver (58%). Just 32% of residents own their home, much lower than the figure for Vancouver (47%). One-third of the housing mix in this area is new (2001 and newer).

Community

Gastown is a well-connected neighbourhood. Vancouver's iconic Waterfront Station sits on the western boundary, offering easy access to all SkyTrain lines, West Coast Express and Seabus.

Business Mix

A total of 501 businesses operate within the Gastown BIA. The dominant industries are retail (27%), professional, scientific & technical services (19%), accommodation & food services (15%) and information & cultural (11%).

Commercial Business Size

Most businesses in Gastown (44%) have fewer than five employees, although 38% have 5-20 employees.

Opportunities

Vacancy rates in the Gastown BIA are low, with lease rates at approximately $62 per sq. ft. for ground level retail and $35 per sq. ft. for office.