The real estate market is thriving in Airdrie. With a growing population and large regional trading area, Airdrie is home to a dynamic and growing retail and professional services sector, ranging from large box stores to small independent boutiques.
To search local business opportunities visit the Airdrie Business Insight or contact a local realtor.
Commercial Lease Rate Ranges (per sq. ft.)
|Tenant Type||Poor||Fair||Average||Good||Excellent||Average Operating Costs|
|Retail||$8||$10 to $16||$12 to $24||$17 to $28||$22 to $33||$8 to $11|
|Office||None||$8 to $22||$14 to $23||$15 to $24||$24 to $30||$5 to $8|
|Restaurant/Fast Food||None||$12||$16||$30||$34 to $35||$10 to $35|
Industrial Lease Rate Ranges (per sq. ft.)
|Tenant Type||Fair||Average||Good||Average |
|Condo Bays||$10||$10 to $12||$11 to $14||$3 to $6|
|Industrial Office||$4||$6 to $10||$8 to $12||$3 to $8|
|Warehouse||$6 to $7||$6 to $11||$7.50 to $13||$2 to $6|
Source: City of Airdrie Assessment December 27, 2018
*The above noted lease ranges are pursuant to the municipal government act utilizing typical market conditions in the municipality.
**The above noted lease ranges do not include additional operational cost that may occur.
For more information about non-residential property assessment, click here.
Office & Retail Development
In 2015 Airdrie Economic Development undertook an Office and Retail Market Growth Study to identify the current retail and office markets in Airdrie while considering factors affecting both markets for the next 15 years. For findings, contact us.
As of 2018, the city has an overall non-residential vacancy rate of 5.5 per cent.
View the 2018 Vacancy Study Results.
Every commercial, industrial and special use property in the City was inspected to verify and determine if the space was vacant or occupied. Properties that were under construction as of July 1, 2018 were not included in the calculations.
Airdrie-based commercial real estate firms
Source: City of Airdrie Business directory
The City of Airdrie currently does not have any commercial or industrial property for sale.
Depending on the type of development you are undertaking, you will need to consider the City of Airdrie's permits and regulations for your property.
A good place to start is BizPaL, an online business permits and license information service. BizPaL will provide you with a customized list of the local, provincial and federal permits you need for your new development or expansion project.