Why implement your retail office in Calgary?

Calgary, Alberta, is a bustling city with a vibrant retail scene, making it an attractive destination for businesses seeking retail space for lease. From busy shopping centers to trendy neighborhoods, Calgary offers a diverse range of retail leasing options to cater to various industries and target markets.

Whether you're looking for a small boutique space, a large storefront, or a kiosk in a high-traffic area, there are plentiful opportunities to find the perfect retail space in Calgary. The city's dynamic and growing consumer market, coupled with its supportive business environment, provides an ideal setting for retailers to thrive. With a strategic location, strong economic indicators, and a population with high disposable income, leasing retail space in Calgary offers businesses the chance to tap into a thriving retail market and establish a successful presence in this vibrant city.

How much does it cost to rent a retail office in Calgary?

The cost of renting a retail space in Calgary can vary significantly depending on factors such as location, size, condition, amenities, and market demand. Retail rental rates are typically quoted as a cost per square foot per year. Retail lease rates in Calgary could range from approximately $20 to $60 per square foot per year.

To read: our Calgary MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are retail space rents likely to increase in Calgary?

Retail rents in Calgary have the potential to increase based on various factors. Economic growth, increased consumer spending, and a strong demand for retail space can contribute to upward pressure on rental rates. Factors such as limited supply of desirable retail locations, redevelopment projects, or shifts in consumer preferences towards specific areas or neighborhoods can also drive rental rate increases.

Additionally, improvements in infrastructure, transportation networks, or the development of new commercial centers can enhance the desirability of certain areas, leading to higher demand and subsequently increased rents. However, it's important to note that rental rates are influenced by market dynamics and can also be affected by economic downturns or oversupply situations.

Popular neighborhoods in Calgary

Calgary offers several popular neighborhoods for leasing retail space, each with its own unique character and advantages. Here are a few notable areas:

• Downtown Calgary: The heart of the city, Downtown Calgary is a bustling hub with a mix of office buildings, shopping centers, and entertainment venues. It attracts a diverse range of businesses and benefits from high foot traffic and proximity to major attractions.
• 17th Avenue SW: Known as the "Red Mile," 17th Avenue SW is a vibrant and trendy district lined with an eclectic mix of shops, restaurants, and cafes. It attracts a youthful and energetic crowd, making it an ideal location for fashion boutiques, specialty stores, and trendy eateries.
• Kensington: Located northwest of downtown, Kensington is a charming neighborhood with a bohemian vibe. It features a variety of independent retailers, boutique shops, and cafes. Its pedestrian-friendly streets and proximity to popular parks and attractions make it an attractive destination for retail businesses.
• Inglewood: Situated east of downtown, Inglewood is Calgary's oldest neighborhood and boasts a unique blend of heritage buildings, art galleries, and quirky shops. It has a distinct artsy and eclectic atmosphere, making it a sought-after location for niche retailers and specialty stores.
• Chinook Centre Area: Home to Chinook Centre, one of Calgary's largest shopping malls, this area attracts a significant amount of foot traffic. It offers a mix of retail spaces within the mall and in nearby retail plazas, providing a wide range of leasing options for businesses.

Getting to and from Calgary

Getting to and from Calgary, a major city in Alberta, Canada, can be done through several transportation options. Here are some common ways to travel to and from Calgary:

• Air travel: Calgary International Airport (YYC) is the primary airport serving the city. It offers a wide range of domestic and international flights, connecting Calgary to major cities worldwide. Various airlines operate regular flights to and from YYC.
• Car: Calgary has excellent road connectivity. The Trans-Canada Highway (Highway 1) runs through the city, providing access from both east and west. Other major highways like Deerfoot Trail (Highway 2) and Stoney Trail (Highway 201) connect Calgary to nearby regions. Renting a car or driving your own vehicle is a convenient option for reaching and departing from Calgary.
• Bus: Several bus companies offer intercity services connecting Calgary to various destinations. Greyhound and Red Arrow are popular operators providing scheduled services to cities within Alberta and neighboring provinces. The Calgary Greyhound Terminal and the Calgary International Airport Ground Transportation Centre serve as major bus hubs.
• Train: While Calgary is not directly served by passenger trains, the city is accessible by train via nearby stations. Via Rail operates services to stations like Edmonton and Jasper, from where travelers can take connecting buses or other transportation options to reach Calgary.
• Public Transit: Calgary has an efficient public transit system operated by Calgary Transit. Buses and CTrains (light rail transit) provide transportation within the city and to nearby communities. The CTrain system is particularly useful for commuting within Calgary.