1 Commercial Street

For Lease | Retail | ± 390 - 2,485 SQFT | Contact Listing Agents

The most exciting new development in the heart of downtown Nanaimo, 1 Commercial is set to become the centerpiece of the downtown core. The iconic A&B Sound building is being revitalized into a modern and inviting 2 storey mixed-use building, offering both high exposure retail space, street level access office space, and a rooftop cafe/restaurant opportunity with a west facing rooftop patio. The DT4 zoning allows for a wide variety of retail, personal service, office, assembly, financial, and food and beverage uses.

Retail Opportunities

  • Units from ± 390 – 2,477 SQFT available
  • Specific retail units can be combined, please contact the listing agents for more details
  • Interior market style breezeway provides kiosk and flexible small format retail options

Office/Restaurant Opportunities

  • Units from ± 1,773 – 4,716 SQFT available
  • ± 925 SQFT Rooftop Patio Opportunity
  • Prime restaurant, office, or coffee shop opportunity with exclusive walkout rooftop patio
  • Office level accessed from Wallace Street

Property Features

  • ± 13,000 SQFT Of New-build Retail Space
  • ± 7,000 SQFT Of New-build Office/Restaurant/Cafe Space
  • Interior Breezeway Through The Retail Level
  • Amazing Retail Exposure Onto Terminal And Commercial Street
  • End-Cap Corner Units – Restaurant/Cafe Opportunity
  • 26 Parking Stalls With 3 EV Charging Stations
  • Street Level Access For Both Retail And Office Levels
  • South Facing Second Floor Office Views
  • ± 925 SQFT Second Floor Rooftop Patio

A&B Sound

The iconic A&B Sound was known to have lineups around the block in the 1990’s for many Nanaimo residents. 1 Commercial is set to bring life and locals back to this focal point of the Downtown Nanaimo area. The open concept interior breezeway will bring a market style feel to the area which will provide a much needed family friendly attraction for locals and tourists alike. Steiner Properties is proud to be a part of Nanaimo’s vision for this area, with this development estimated to complete in Q3 2024!


For Lease


1 Commercial Street, Nanaimo,


± 390 - 2,485 SQFT



Basic Rent

Contact Listing Agents

Additional Rent

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Located at the corner of Wallace Street, Commercial Street, and Terminal Avenue, the property is ideally positioned at a high visibility intersection. Commercial Street is set to undergo development to revitalize the area to allow for a more pedestrian friendly and accessible neighbourhood.

1 Commercial is easily accessible by nearly 12 different bus routes at the Nanaimo Downtown Exchange.

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Connor Braid
Connor Braid

Personal Real Estate Corporation

Managing Director, Vancouver Island

Harry Jones
Harry Jones

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.