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Calgary, Alberta, Canada

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Commercial Calgary
Last Updated: 9-Nov-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
RENT/SF/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) CDN 32.00 CDN 42.00 CDN 38.00 $ 33.33 $ 43.75 $ 39.58 7.8% N/A
Class A (Prime) CDN 24.00 CDN 28.00 CDN 26.00 $ 25.00 $ 29.17 $ 27.08 9.2% N/A
Class B (Secondary) CDN 14.00 CDN 24.00 CDN 19.00 $ 14.58 $ 25.00 $ 19.79 13.7% N/A
 
Suburban Office
New Construction (AAA) CDN 23.00 CDN 28.00 CDN 25.00 $ 23.96 $ 29.17 $ 26.04 6.3% N/A
Class A (Prime) CDN 20.00 CDN 25.00 CDN 23.00 $ 20.83 $ 26.04 $ 23.96 24.6% N/A
Class B (Secondary) CDN 13.00 CDN 20.00 CDN 17.00 $ 13.54 $ 20.83 $ 17.71 12.6% N/A
 
Industrial
Bulk Warehouse CDN 4.75 CDN 7.00 CDN 6.50 $ 4.95 $ 7.29 $ 6.77 5.7% N/A
Manufacturing CDN 5.00 CDN 8.50 CDN 7.75 $ 5.21 $ 8.85 $ 8.07 4.0% N/A
High Tech / R&D CDN 7.50 CDN 14.00 CDN 12.00 $ 7.81 $ 14.58 $ 12.50 2.4% N/A
 
Retail
Downtown CDN 25.00 CDN 95.00 CDN 75.00 $ 26.04 $ 98.96 $ 78.13 3.1% N/A
Neigborhood Service Centers CDN 23.00 CDN 30.00 CDN 25.00 $ 23.96 $ 31.25 $ 26.04 3.5% N/A
Community Power Center CDN 26.00 CDN 35.00 CDN 30.00 $ 27.08 $ 36.46 $ 31.25 2.1% N/A
Regional Malls CDN 60.00 CDN 150.00 CDN 95.00 $ 62.50 $ 156.25 $ 98.96 3.1% N/A

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD CDN 35.00 CDN 250.00 $ 36.46 $ 260.42
Land in Office Parks CDN 400,000.00 CDN 1,000,000.00 $ 416,666.67 $ 1,041,666.67
Land in Industrial Parks CDN 400,000.00 CDN 600,000.00 $ 416,666.67 $ 625,000.00
Office/Industrial Land - Non-park CDN 350,000.00 CDN 800,000.00 $ 364,583.33 $ 833,333.33
Retail/Commercial Land CDN 600,000.00 CDN 1,600,000.00 $ 625,000.00 $ 1,666,666.67
Residential CDN 50,000.00 CDN 600,000.00 $ 52,083.33 $ 625,000.00

Conversion .96CDN = 1 US$


 

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