The real estate market is thriving in Airdrie and we continue to cultivate commerce, industrial and employment growth.
Steady growth and market activity has proven pent-up demand, resulting in the City providing opportunity and capacity for redevelopment and speculative construction in all of our land use districts.
At this time, the City does not have any commercial or industrial property for sale.
If and when the City identifies a surplus of land holdings and Council chooses to list them, they will be advertised here.
Our data shows steady and growing population rates, declining vacancy rates, a growing business community and increasing employment opportunities. We have identified a pent-up demand for serviced medium and heavy industrial land, as well as demonstrated opportunity and capacity for redevelopment and speculative construction within designated Commercial and Mixed Use districts.
Immediately serviceable land available includes 400 acres of industrial, 100 acres of commercial/mixed-use and 100 acres of redevelopment opportunity.
Commercial lease rate ranges and ratings (per sq. ft.)
| TENANT TYPE | POOR | FAIR | AVERAGE | GOOD | EXCELLENT | AVERAGE OPERATING COST |
|---|---|---|---|---|---|---|
| Retail | $8 to $10 | $9.50 to $17 | $14 to $23 | $21 to $30 | $22 to $34 | $8 to $15 |
| Office | None | $20 | $15 to $20 | $15 to $20 | $22 | $5 to $8 |
| Restaurant/Fast Food | None | $13 | $19 | $30 to $31 | $32 to $41 | $10 to $35 |
Industrial lease rate ranges and ratings (per sq. ft.)
| tenant type | fair | average | good | excellent | average operating costs |
|---|---|---|---|---|---|
| Condo Bays | $12 to $13 | $13 to $15 | $17 | $18 | $3 to $6 |
| Industrial Office | $4 to $6 | $10 | $12 to $13 | $17 | $3 to $8 |
| Warehouse | $6 to $11 | $6 to $12 | $6.50 to $15 | None | $2 to $6 |
Source: City of Airdrie Assessment (January 2024). The above noted lease ranges are pursuant to the Municipal Government Act utilizing typical market conditions in the municipality and do not include additional operational cost that may occur.