Lululemon Expands HQ Into Prime Downtown Vancouver Office

✍️ By Karalee Greer | WBN News – Kitsilano | July 25, 2025 Subscription to WBN and being a Contributor is Free.

Expansion at a Glance

Lululemon Athletica Inc. has signed a major lease for 289,557 sq ft at 725 Granville Street, atop the Cadillac Fairview Pacific Centre complex. The move, one of the largest Vancouver office deals in recent years, repurposes space vacated by Microsoft Corp. https://www.biv.com/news/real-estate/lululemon-to-expand-headquarters-to-large-space-at-cf-pacific-centre-10954267.

The lease covers nearly the entire seven-story building. A Lululemon spokesperson confirmed that select business functions will relocate in the second half of 2026 .

Strengthening Vancouver Roots

Lululemon maintains a strong real estate presence in the city:

120,000 sq ft across nine floors at 1280 Burrard Street .
115,000 sq ft at 1818 Cornwall Avenue in the Broadway corridor .
Approved for a 13-storey, 593,000 sq ft headquarters at 1980 Foley Street, currently on hold .

This new lease cements Lululemon’s commitment to Vancouver as its corporate epicenter.

Market & Economic Impact

Downtown’s office vacancy soared after Microsoft exited. Industry analysts note that Lululemon’s lease is a boon for market stability, filling a significant gap in one of North America’s tightest submarkets. CoStar

CoStar’s Paul Richter commented, “Tenants like Lululemon are key… helping form a strong base of occupancy”.

👥 Job Growth & Timelines

Lululemon plans to create up to 2,600 jobs in Vancouver in the coming years  CoStar Connect CRE Canada. The relocation of certain departments is expected to begin mid-to-late 2026.

The Foley Street HQ project remains paused, with no new updates from the company X (formerly Twitter)+2Business in Vancouver+2skyscraperpage.com+2.

About Cadillac Fairview

Pacific Centre, co-owned by Cadillac Fairview, Ontario Pension Board, and Workplace Safety & Insurance Board, includes over 700,000 sq ft of retail and office spacehttps://en.wikipedia.org/wiki/Pacific_Centre . The Granville tower had been largely vacant post-Microsoft relocation since 2023 . Lululemon’s lease significantly revitalizes this key downtown property.

What Lies Ahead

Move-in timing: Q3/Q4 2026
Occupancy impact: Major downtown office vacancy relief
Strategic growth: Reinforces Lululemon’s Vancouver-centric real estate strategy, alongside Burrard and Cornwall holdings.

Karalee Greer - Publisher Subscription to WBN and being a Contributor is Free.

Tags: #WBN Kitsilano #Karalee Greer #Lululemon #Commercial Real Estate #Downtown Vancouver #Pacific Centre #Urban Revitalization