Black Diamond — Turner Valley Oil History and Foothills Lifestyle
Black Diamond Commercial Real Estate
Commercial real estate for lease and sale in Black Diamond, Alberta. Black Diamond and adjacent Turner Valley form the Foothills municipal area southwest of Calgary, known as the birthplace
$10–14Industrial Net Rent /sf
8.5–10.5%Cap Rate
0%Provincial Income Tax
60kmNE to Calgary
Property Types
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Black Diamond Submarkets
Centre Avenue / Main St
Commercial Node
Heritage town centre. Boutique retail.
$10–14/sfNet Rent / Cap
Black DiamondKey Feature
CommercialPrimary Use
Hwy 7 Commercial
Commercial Node
Auto services, fuel, highway commercial.
$10–14/sfNet Rent / Cap
Black DiamondKey Feature
CommercialPrimary Use
Industrial Area
Commercial Node
Light industrial. Ag and energy services.
$10–14/sfNet Rent / Cap
Black DiamondKey Feature
CommercialPrimary Use
Turner Valley / Hwy 22
Commercial Node
Oil heritage tourism. Adjacent commercial.
$10–14/sfNet Rent / Cap
Black DiamondKey Feature
CommercialPrimary Use
$10–14
Industrial Net Rent /sf
8.5–10.5%
Cap Rate
0%
Provincial Income Tax
60km
NE to Calgary
Black Diamond Commercial Real Estate — Market Overview 2025
Black Diamond and adjacent Turner Valley form the Foothills municipal area southwest of Calgary, known as the birthplace of Canada's oil industry. Today the area serves mountain tourists, equestrians and Calgary commuters. A charming main street anchors local retail.
| Submarket | Asset Class | Vacancy | Net Rent | Cap Rate |
|---|---|---|---|---|
| Centre Avenue / Main St | Commercial | 8–14% | $10–14/sf | 8.5–10.5% |
| Hwy 7 Commercial | Commercial | 8–14% | $10–14/sf | 8.5–10.5% |
| Industrial Area | Commercial | 8–14% | $10–14/sf | 8.5–10.5% |
| Turner Valley / Hwy 22 | Commercial | 8–14% | $10–14/sf | 8.5–10.5% |
Further Reading
→ Alberta Commercial Real Estate Cap Rates 2025
→ Alberta Has No Provincial Income Tax — What It Means for Investors
→ Why Investors Are Moving to Alberta
Black Diamond Commercial Real Estate FAQ
Frequently Asked Questions — Black Diamond
What are cap rates in Black Diamond?
Black Diamond 2025 cap rates range 8.5–10.5%. No provincial income tax. Contact Canada's Home Commercial for listings.
What drives Black Diamond's economy?
Black Diamond and adjacent Turner Valley form the Foothills municipal area southwest of Calgary, known as the birthplace of Canada's oil industry. Today the area serves mountain tourists, equestrians
How do I find commercial space in Black Diamond?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955.
Ready to Find Commercial Space in Black Diamond?
Industrial, office, retail or investment — our team covers every Black Diamond submarket.
Black Diamond Neighbourhoods & Districts
Black Diamond Main Street
Downtown Black Diamond
East Black Diamond
Highway 22 Black Diamond
Industrial Black Diamond
Longview Corridor
Millarville Junction
North Black Diamond
Okotoks North Gateway
Sheep River Commercial
South Black Diamond
Turner Valley Gateway
West Black Diamond