Airdrie's Growth Report: Tracking Development and Change

This inaugural report illustrates Airdrie’s market opportunities by the numbers. These numbers show steady and growing population rates, declining vacancy rates, a growing business community and growing employment opportunities. The report identifies the pent-up demand evident for serviced medium and heavy industrial lands, with approximately 90 acres of land under contract at the time of completing this report; there is a market need for the industrial lands that are provided in the East Points Community Area Structure Plan (CASP). In addition, there is demonstrated opportunity and capacity for redevelopment and speculative construction within designated Commercial and Mixed Use Land Use Districts, including specifically within our downtown area. Finally, the report shows long term opportunity in many of our CASP areas where lands are currently non-developer owned. 

 

The report incorporates assumptions rooted in previous Growth Strategy Updates which estimate a growing population base that would support an annual average land absorption of 60 acres of industrial, 13 acres of commercial and 111 acres of residential from 2021-2025. While this report shows a slight deviation in 2020 towards one of City Council’s Strategic Priority objectives of achieving a 75/25 residential to non-residential assessment value base, it demonstrates an insight to the directives we are working to achieve with statistical information that supports our ability in achieving this goal.


CASP profiles are provided by geographic boundary and include the current state of jobs, people, constructed units, under construction land inventory, vacant/serviced/serviceable land; as well as remaining land, people and job capacities. These capacities are based on today’s planned land supply to help our audience identify opportunities that may fit their business models now and into the future. High-level servicing information for newly-adopted CASPs have also been provided.

Airdrie’s Growth Report: Tracking Development and Change demonstrates Airdrie’s consistent ability to attract stable and sustainable growth in the residential sector. The report also provides the key supporting metrics to illustrate that same strength on the non-residential side with land opportunity in a number of new CASP boundaries. The report is designed to be continuously evolving and improving.

To read a full copy of the report, click here.

 

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Economic Development