Increasing Momentum for Calgary Retail Market

This year has so far proven to be one of increasing momentum for the city’s retail market, according to a new report by Colliers International in Calgary.

Market vacancy continues considerably unchanged at 2.14 per cent in the spring, up slightly from 1.99 per cent last fall, adding that opportunities for retailers in Calgary’s premier shopping centres remain nearly non-existent and landlords have the option to be very selective in their choice of tenancies to fill upcoming vacancies.

The report said retailer demand for new space in Calgary has reached an all-time high. Low unemployment, exceptional incomes and reasonable costs of living are all contributing to the strength of Alberta’s retail sales which on a per capita basis exceeds the national average by about 34 per cent.