Retail & Commercial Opportunities at Nikola

— Vibrant retail opportunities in the Okanagan's Most Significant New Community

Exceptional Commercial Opportunities

Nikola's commercial district offers state-of-the-art retail and office spaces designed to meet the needs of today's businesses. With soaring ceilings, premium finishes, and abundant natural light, our spaces provide the perfect environment for your business to make a statement.

Located in the heart of Nikola's Innovation District, these commercial units benefit from high visibility, exclusive accessibility, and proximity to a growing community, regional hospital and business park, ensuring a steady flow of clientele to your business.
  • 33 Commercial Stalls
  • 6 EV Charging Stalls
  • Bike Storage
  • Minimum 12" Ceiling Heights
  • Minimum 200AMP 3 Phase Power
  • Elevator Access
  • Occupancy Estimated Q4 2027
  • 5 Retail Units Ranging in Size from 1139 to 3255 sq. ft.

A Lifestyle of Convenience and Comfort

Live, work, and play without leaving home
The Innovation District is more than just a place it’s a lifestyle.

Designed to bring everything you need into one vibrant community, this development creates a seamless blend of residential comfort, professional opportunity, and recreational enjoyment.

Daily Essentials at Your Doorstep

Enjoy convenient access to grocery stores, cafes, and other necessities.

Family-Friendly Amenities

Parks and playgrounds make this community ideal for families.

Recreation & Relaxation

Take advantage of walking trails, fitness centers, and serene green spaces.

Be a Part of this Incredible Journey

Located in the heart of Penticton, the Innovation District is a vibrant community where businesses, entrepreneurs, and creatives come together. With high visibility and easy access, it's the perfect place to grow your business and connect with like-minded professionals.

Everything You Need, Right Here

With excellent walkability, nearby transit options, and dedicated cycling routes, getting to and from the Innovation District is effortless. Whether you're commuting or exploring, this area is designed to keep you seamlessly connected to the best of Penticton.

A Thriving Investment Opportunity

This offers a rare chance to own a prime real estate asset in a rapidly growing community. With thoughtfully designed units ranging from modern one-bedroom to spacious three-bedroom layouts, this development caters to both investors and homeowners seeking value and long-term growth.
27%

Increase in Construction Value

The city experienced a 27% year-over-year increase in construction value. 2024 was a very strong year for development with over $190 million in construction value invested in the community.

100k+

South Okanagan Business Hub

Penticton serves as a business hub for over 100,000 people across the South Okanagan region, fostering economic activity and attracting new businesses.

$400M

Penticton Regional Hospital Expansion

The City of Penticton and Penticton Regional Hospital are in the middle of a $400 million expansion, indicating significant investment in the region's healthcare infrastructure.

1.5%

Rental Vacancy Rate

Penticton has a low rental vacancy rate, around 1.5%, indicating a strong demand for rental housing, making this an appealing location for investors.

Floor Plan

Discover premium commercial spaces designed for discerning businesses in the heart of Nikola's Innovation District.

Exclusive Opportunity: Dental Practice or Pharmacy

Seize the rare opportunity to establish your business in a premium location with a guaranteed competitive edge. The developer is offering exclusive rights for either a dental practice or pharmacy within this development.

Dentist Concept Image

  • underground and street parking available

Strategic Location & Growth Potential

  • Prime location in a high-traffic community
  • Modern space designed to elevate your brand

Why This Opportunity Won’t Last

Limited opportunities to purchase strata space within the development, and we will only sell to one pharmacy or dentist in this building!

Designed by a professional team of consultants, the commercial spaces are thoughtfully designed to accommodate your business. From utilities and services to signage and parking, we have optimized the design for the long term success of your business.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
register now
Secure your future home today
register now