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Lethbridge is ranked one of the top 25 communities for business in Western Canada in 2012 and one of the top three communities for IT/High Tech.

The Southern Alberta agricultural region has an annual production capacity of over 860,000 acres in canola crops - 21% of the Alberta total canola crops are grown here.

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Commercial Real Estate Statistics

Figures in the lease market witnessed declines during the first half of 2015. All of the headline measures we use to track commercial real estate activity were down on a year-over-year basis in the January-June timeframe including price (-35%), number of transactions (-26%), and average property size (-43%). 

The going rate for leased property in the first half of the year was $11.50 per square foot, down 35% from the same time in 2014 when leased property sold for $17.59.  Last year was a very strong year for commercial real-estate in Lethbridge so this comparative might overstate the nature of the decline. To put this in perspective, it is important to note that the five year average (2010-2014) over the same time period was $13.30, a figure 14% higher than the value attained in the current period.  

Price reductions in retail property were substantial as the going rate in this subsector dropped by 42% on a year-over-year basis ($13.75 during the first half of 2015 vs. $23.88 in 2014).  When viewed from a five year perspective (2010-2014) for the same time period, retail prices declined by a much lower figure of 12% ($13.75 in 2015 vs. $15.90 during the 2010-2014 timespan).   Prices were also down year-over-year in both the office (-20%) and industrial (-1%) subsectors.  When taken from another perspective, this does suggest that there are plenty of opportunities in the market as prices become increasingly affordable for prospective tenants.

There were 25 transactions in the lease market during the first half of 2015 which is down from 34 at the same point in 2014.  With only four transactions recorded during the first half of the year, retail declined 67% from the same time last year (when there were 12) and is 60% lower than the average for the January-June time period between 2010 and 2014.  The number of office transactions was also down by 18% (14 in 2015 vs. 17 at the same point in 2014) although this number represents an increase over the five year average for the first half of the year (11 between 2010 and 2014).  Industrial transactions witnessed an uptick as there were seven recorded from January to June which compares with five during the same time last year (an increase of 40%).

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:
2015: Jan-Mar   Apr-Jun   Jul-Sep
2014: Jan-Mar   Apr-Jun   Jul-Sep   Oct-Dec
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:
2015: January - June
2014: January - June   July - December
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:
2014: 2014 Calendar Year
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

E-Mail: info@chooselethbridge.ca

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

Phone: (403) 331-0022
E-Mail: heather@chooselethbridge.ca

Convention & Events Contact:
Erin Crane, Director
Meeting, Event & Partnership Development

Phone: (403) 331-0022
E-Mail: erin@chooselethbridge.ca

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