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Commercial Real Estate Statistics

There are plenty of opportunities for investment in the Lethbridge commercial real estate market as prices in the lease market remained both affordable and competitive.  Industrial lease properties present a genuine investment opportunity at $7.56 ft2 (the lowest level it has traded at since 2010) and office property also remains affordably priced at $12.65 ft2.  Overall commercial property lease transactions were up by 3.7% year-over-year while commercial sales property transactions were down by 14.8% over the same time period.


From a time-series perspective, the 56 transactions in the lease market last year represent the greatest number of transactions in the Lethbridge area since we began tracking commercial real estate stats in 2007.  The cost of leasing office space in Lethbridge is up 5.7% on a year-over-year basis from $11.97 ft2 in 2012 to $12.65 ft2 in 2013.  The cost of leasing retail property increased $9.46 per ft2 to $21.11 ft2, while industrial rates declined by 9.9% to $7.56 ft2 from an average price of $8.39 ft2 in 2012.  Businesses were leasing smaller properties in 2013 with the average property size declining 33% year-over-year to 3,235 ft2 from 4,830 ft2 in 2012.  This is most evident in the industrial sector where properties were less than half the size they were in 2012 (down 59.3% year-over-year). 

The interface below provides averages of commercial real estate sales and leases for a specific period of time, broken down by size, price and volume. These statistics have been developed to ensure accurate information is available about the commercial real estate market in Lethbridge. Our collaborative and information sharing partnership with the Lethbridge Real Estate Board and Lethbridge-based real estate brokerages is responsible for the availability of this data. Information is reported on a quarterly basis in aggregate form and divided into Sales and Leases.

1. Choose between Lease and Sales Transactions:
Lease Transactions   Sales Transactions

2. Choose the Type of Transactions:
Size   Price   Number of Transactions

3. Choose Quarterly, Semi-Annual or Annual Time Period:
2014: Jan-Mar   Apr-Jun   Jul-Sep  
2013: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
2012: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
2011: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
2010: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
2009: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
2008: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
By Range: to

or Semi-Annual:
2014: January - June
2013: January - June   July - December
2012: January - June   July - December
2011: January - June   July - December
2010: January - June   July - December
2009: January - June   July - December
2008: January - June   July - December

or Annual:
2013: 2013 Calendar Year
2012: 2012 Calendar Year
2011: 2011 Calendar Year
2010: 2010 Calendar Year
2009: 2009 Calendar Year
2008: 2008 Calendar Year

We would like to recognize the partner organizations that make these statistics a reality:

Economic Development Lethbridge
308 Stafford Drive South
Lethbridge, Alberta, Canada   T1J 2L1

Phone: (403) 331-0022
Fax: (403) 331-0202
Toll Free: 1-800-332-1801


Investment Inquiries Contact:
Heather McIntosh-Rivera, Director
Business Development & Operations

Phone: (403) 331-0022

Convention & Events Contact:
Kerry Lowe, Vice President
Convention Development & Partnerships

Phone: (403) 331-0022

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