2019 Vacancy Results

AIRDRIE, ALBERTA – The City of Airdrie recently completed its second annual vacancy rate study. Airdrie currently has an overall non-residential vacancy rate of 5.36 per cent, down slightly from 5.50 per cent in 2018.

Each sector has seen some change from 2018. Airdrie’s overall commercial vacancy rate is 4.86 per cent, up from 4.31 per cent, office vacancy sits at 1.22 per cent, down from 1.50 per cent, while industrial vacancy is currently at 6.19 per cent compared to 6.23 per cent.

See chart below:

According to Mike Boyd, Senior Assessor with the City of Airdrie, “The vacancy study is conducted annually so administration can capture data from the local real estate market. Vacancy numbers are critical in analyzing the health of the non-residential market and predicting future growth. Vacancy numbers can also be indicators of a struggling economy and are linked to the success of local businesses. Lower vacancy indicates business is doing well and there is need for more inventory.”

The Vacancy Study is conducted year over year and posted online at www.airdrie.ca/realestate.

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Media contacts:
Assessment
Mike Boyd
City of Airdrie, Senior Assessor
403.948.8800 ext. 8431

Economic Development
Adena Malyk
Economic Development Officer
403.948.8800 ext. 8248

 

 

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