Retail Space Rents in Calgary, AB
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Calgary asks $25.59 per square foot.
Retail Space Lease Types in Calgary, AB
The most common type of lease agreement you’ll find here is NNN, with 33 space(s) available under this type of arrangement.
The local market is also home to 9 retail space(s) offered under a Net lease agreement type, and 8 Full Service listing(s).
Most Common Type of Lease for Retail Buildings in Calgary, AB
- NNN
33
- Net
9
- Full Service
8
Average Size of Retail Space for Lease in Calgary, AB
The average size for this type of rental opportunity in Calgary is 1,000 sqft to 2,500 sqft. Currently, the local market offers 125 listing(s) within that size range.
You can also search 69 listing(s) in the 2,500 sqft to 5,000 sqft range.
It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail Space Types You Can Lease in Calgary, AB
Retail space in Calgary comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 11 such space(s) available.
Restaurant spaces listed for rent here have an average size of 3,474 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
The local market is also home to 9 space(s) listed as Street Retail. The average size you can expect to find for this category is 1,447 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
What’s more, you can find 6 listing(s) in the Regional Mall category, currently available in the average size of 3,955 square feet. Regional shopping centers or regional malls are among the largest retail properties you can find. They tend to bring together a large number of customers with a wide array of businesses ready to cater to a diverse array of needs and interests.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
Top Locations to Lease Retail Space in Calgary, AB
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Downtown Calgary is your top choice for lease opportunities, as it is currently home to the highest number of listings — 65 retail space(s).
The most popular space type here is Restaurant.
You can find 1 such listing(s) here.
Calgary’s second most popular area is Manchester, where you can find 16 retail listing(s).
Forest is also among the best areas to search for your next commercial space. Here you can find 13 retail space(s) available for consideration by prospective tenants.
Key Factors to Consider When Choosing a Retail Space for Lease
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.
Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Calgary real estate market is home to 1 LEED-certified retail building(s).
This kind of space represents 0.67% of the city’s total retail real estate.
Data based on retail spaces listed for rent on CommercialSearch.com
3221 Sunridge Way NE, Sunridge, Calgary, AB
4001 Macleod Trail Southwest, Roxboro - Parkhill, Calgary, AB
11165 - 14 Street NE, Stoney, Calgary, AB
1211 Kensington Road NW, Hillhurst, Calgary, AB
250 Shawville Boulevard SE, Shawnessy, Calgary, AB
4215 Edmonton Trail NE, Greenview, Calgary, AB
101 7 Street Southwest, Eau Claire, Calgary, AB
5919 Macleod Trail SW, Meadowlark Park, Calgary, AB
11488 24 Street Southeast, Shepard, Calgary, AB
3575 20 Avenue Northeast, Sunridge, Calgary, AB
539 - 17 Avenue SW, Cliff Bungalow, Calgary, AB
Symons Valley Road & Symons Valley Parkway NW, Evanston, Calgary, AB
102 10 Street Northwest, Sunnyside, Calgary, ABProperty
7207 Fairmount Drive SE, Calgary, AB, Fairview, Calgary, ABProperty
455 Sage Valley Drive NW, Sage Hill, Calgary, AB
829 17th Avenue SW, Mount Royal, Calgary, AB
222 16 Avenue Northeast, Tuxedo Park, Calgary, AB
225 5 Avenue SW, Downtown Calgary, Calgary, ABProperty