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Lethbridge business owners continue to enjoy lower construction and occupancy costs compared to many other communities.
The Competitive Alternatives 2008 study by KPMG found that Lethbridge ranked lowest in terms of cost per acre of industrial land and cost per square foot of facility investment. We were ranked second lowest in terms of construction of manufacturing facilities and fourth lowest in office leasing costs.
This is largely due to the access our core industries have to a ready supply of industrial sites, big box stores, smaller strip malls and office towers in and around Lethbridge.
At the close of 2009, there were approximately 200 acres (81 hectares) of serviced industrial land available in Lethbridge or the County of Lethbridge. These serviced lots ranged in price from $135,000 to $205,000 per acre.
Multi-use Arena; Renovations, Upgrades and Expansion
$33.7
2012
Hampton Inn
Hotel
$9.2
Spring-2010
Southern Alberta Art Gallery
Art Gallery; Interior/Exterior Renovations & Addition
$5.9
Fall-2010
The Coast Hotel & Conference Centre
Hotel & Conference Centre; Renovations, Upgrades and Expansion
$8.5
Spring-2010
University of Lethbridge
Community Sports Stadium
$12.0
Fall-2009
Note: Includes projects valued at $5.0 million or higher, categorized by project sector as defined by the Government of Alberta, Inventory of Major Projects Report
Source: Building Statistics Summary, City of Lethbridge, Jan-Dec, 2008-2009
Economic Development Lethbridge
308 Stafford Drive South
Lethbridge, Alberta, Canada T1J 2L1