Adjacent to Calgary International Airport. Courier, e-commerce fulfilment and aviation-adjacent users. Stoney Industrial offers newest large-bay product.

$20–24/sfNet Rent

32' clearHeights

IndustrialPrimary Use

Balzac & Rocky View County

Regional Distribution

North of city limits, Highway 2 access. Amazon, Costco and major cold storage operators. Lower mill rate than City of Calgary.

$500–750KLand/ac

LowerMill Rate

IndustrialPrimary Use

Downtown Core

Office & Mixed Use

Brookfield Place, Bow Valley Square, TransAlta Place. Plus-15 network connected. Financial district running 8th Ave SW and Stephen Avenue.

$22–28/sfClass A Rent

Plus-15Connected

OfficePrimary Use

Beltline & 17th Avenue SW

Creative Office & Street Retail

Calgary's creative and hospitality district. Tech, marketing and professional services office. 17th Ave is the city's premier street retail strip.

$18–24/sfOffice Rent

$35–55/sfRetail Rent

Mixed UsePrimary Use

Macleod Trail Corridor

Retail & Commercial

Calgary's busiest auto-oriented retail corridor. Chinook Centre anchor, power centres, pad sites and QSR. Runs south to Shawnessy and Legacy.

$28–45/sfNet Rent

5.0–6.0%Cap Rate

RetailPrimary Use

All Calgary Communities

Browse Every Calgary Neighbourhood

Beltline Chinatown Downtown Core East Village Eau Claire Sunalta

Aspen Woods Canyon Meadows Chinook / Macleod Trail Coach Hill / Cougar Ridge Evergreen Garrison Woods / Currie Glamorgan Glenbrook Killarney Lakeview Marda Loop / Altadore Millrise Mission North Glenmore Shawnessy Signal Hill / Westhills Springbank Hill West Springs

Balzac / Rocky View Barlow / 32nd Ave NE Bridgeland / Riverside Cornerstone Country Hills Coventry Hills Falconridge / Castleridge Harvest Hills Livingston Martindale / Taradale Mayland Heights NE Airport / Stoney Industrial Panorama Hills Pegasus / Stoney Redstone Renfrew Rundle / Pineridge Saddle Ridge Skyview Ranch Deerfoot City / Sunridge Temple / Whitehorn Applewood Cambrian Heights Crescent Heights Dover Hillhurst Legacy Se Mckenzie Towne New Brighton Parkdale Penbrooke Pineridge Taradale Coral Springs Franklin Highfield Monterey Park Altadore Charleswood Hidden Valley Richmond Knob Hill South Calgary Wildwood Cliff Bungalow Erlton Parkhill Rocky Ridge Ranch Shaganappi Stanley Park Upper Mount Royal Valley Ridge Belvedere Calgary Cityscape Saddlecrest Copperfield Evergreen Sw Mckenzie Lake Palliser Woodbine Deerfoot Meadows Lake Bonavista Maple Ridge Queensland Se Industrial East Starfield Alyth Bonnybrook Castleridge Meridian Whitehorn 32Nd Ave Ne Airport Tunnel Coral Springs Retail Mayland Mcknight Blvd Nose Creek Saddletowne Taradale Ne Bridlewood Cougar Ridge Crestmont Discovery Ridge Evanston North Evergreen Sw South Nolan Hill West Belmont East Hills Hotchkiss Saddle Ridge Industrial Savanna Wolf Willow Inglewood Commercial North Haven Tuscany Commercial Bowness Commercial Bridgeland Commercial Crescent Heights Commercial Erin Woods Fairview Industrial South Forest Heights Point Mckay Applewood Park Cedarbrae Dalhousie Commercial Elbow Park Manchester Industrial North Marlborough Commercial Midnapore Edgemont Commercial Marlborough Tuxedo Park Albany Cornerstone Industrial Empire Valley Homestead Hotchkiss Commercial Keystone Hills Saddle Ridge Commercial Skyview Ranch Commercial Auburn Bay Commercial Franklin Industrial East Greenview South Hillhurst Commercial Whitehorn Commercial Bankview Commercial Bowness North Citadel Commercial Erin Ridge Foothills Industrial North Horizon North Keystone Ogden Industrial Cityscape Commercial Copperfield Commercial Cranston Commercial Greenbriar North Pointe Royal Oak Commercial Silverado South Glenmore Park Stampede Park Thorncliffe Huntington Hills Lower Mount Royal Mahogany Commercial Mission Commercial Nose Hill Commercial Oakridge Commercial Patterson Pump Hill Queensland Commercial Riverbend Commercial Signal Hill Commercial Aspen Woods Commercial Beddington Commercial Brentwood Commercial Confederation Park Calgary Dalhousie North Dover Industrial Elbow Valley Commercial Garrison Green Inglewood East Lake Sundance Manchester South Bridlewood Commercial Canyon Meadows Commercial Chaparral Commercial Crossroads Commercial Deer Run Erlton Commercial Glenmore Industrial Harvest Hills Commercial Killarney Commercial Lakeview Commercial Marlborough Mall Memorial Drive East Parkland Commercial Springbank Commercial Albert Park Commercial Applewood Commercial Arbour Lake Commercial Auburn Bay South Barlow Corridor Beltline South Bowness Industrial Braeside Commercial Cedarbrae Commercial Coach Hill Commercial Coral Springs Commercial Country Hills Commercial Cougar Ridge Commercial Cranston Ridge Crestmont Commercial Deerfoot North East Hills Commercial Edgemont North Evergreen Commercial Fairview South False Creek Calgary Glory Hills Greenbriar Commercial Haysboro Commercial Kensington Commercial Killarney Glengarry Lake Chaparral Langdon Commercial Macewan Glen Martindale Commercial Mcknight Commercial Palliser South Panorama Hills Commercial Parkwood Commercial Pineridge Commercial Radisson Heights Commercial Ranchlands Commercial Red Carpet Commercial Richmond Commercial Rocky Ridge Commercial Rosedale Commercial Royal Oak Nw Saddle Ridge South Sage Hill Commercial Sandstone Commercial Scarboro Commercial Scenic Acres Commercial Shawnessy Commercial Sherwood Commercial Silverado Commercial Skyview Commercial Somerset Commercial South Calgary Commercial St Andrews Commercial Strathcona Park Commercial Sunalta Commercial Sunnyside Commercial Sunridge Commercial Taradale Commercial Temple Commercial Thorncliffe Commercial Tuscany North Tuxedo Commercial University Heights Calgary Upper Mount Royal Commercial Valley Ridge Commercial Varsity Commercial Victoria Park Commercial Walden Commercial West Hillhurst Commercial Westwinds Commercial Whitehorn North Acadia Commercial Albert Park Industrial Altadore Commercial Balzac Commercial Whitehorn South Wildwood Commercial Willow Park Commercial Winston Heights Commercial Wolf Willow Commercial Woodbine Commercial Woodlands Commercial Belmont Commercial Belvedere Commercial Calgary Bonnybrook Commercial Bragg Creek Commercial Cambrian Heights Commercial Capitol Hill Commercial Castleridge Commercial Charleswood Commercial Chinook Park Commercial Cityscape East Cliff Bungalow Commercial Country Hills Village Commercial Coventry Hills Commercial Creekside Commercial Calgary Deer Ridge Commercial Discovery Ridge Commercial Dover Commercial Erin Woods Commercial Evergreen Commercial Calgary Falconridge Commercial Forest Heights Commercial Calgary Forest Lawn Commercial Glamorgan Commercial Glenbrook Commercial Calgary Glendale Commercial Calgary Great Plains Commercial Hidden Valley Commercial Huntington Hills Commercial Inglewood Commercial Calgary Kingsland Commercial Lake Bonavista Commercial Lakeview Commercial Calgary Lincoln Park Commercial Manchester Commercial Calgary Mayland Heights Commercial Midnapore Commercial Mission Commercial Calgary Montgomery Commercial Calgary Mount Pleasant Commercial Calgary Nolan Hill Commercial Palliser Commercial Parkdale Commercial Calgary Ramsay Commercial Renfrew Commercial Calgary Richmond Commercial Calgary Rosscarrock Commercial Rutland Park Commercial Springbank Hill Commercial Spruce Cliff Commercial St Andrews Heights Commercial Ambleton Commercial Carrington Commercial Currie Barracks Commercial Haskayne Commercial Keystone Commercial Kincora Commercial Livingston Commercial Nolan Hill East North Haven Commercial Paskapoo Commercial Sunset Ridge Commercial Thorncliffe North Commercial Belmont South Commercial Belvedere South Commercial Chelsea Commercial Calgary Cornerstone Commercial Crimson Ridge Commercial Empire Valley East Evanston South Hotchkiss East Livingston South North Haven Upper Commercial Southwood Commercial Walden South Commercial Alpine Park Commercial Auburn Bay East Belmont South Carrington East Commercial Chaparral East Commercial Copperfield East Cornerstone East Cranston Ridge Commercial Evanston North Commercial Evergreen Sw Commercial Glacier Ridge Commercial Homestead Commercial Keystone Hills Commercial Langdon East Commercial Livingston East Commercial Mahogany East Rangeview Commercial Saddleridge North Skyview North Commercial Taradale East Yorkshire East Auburn Bay West Chaparral North Evanston East Legacy North Commercial Mckenzie Lake Commercial Nolan Hill North Shawnessy East Sundance Commercial Country Hills West Belmont East Coral Springs East Cornerstone South Legacy East Mahogany North Mckenzie Towne East Rangeview East Saddleridge East Seton South Commercial Taradale South Yorkshire South Brentwood Commercial Yyc Hawkwood Commercial Montgomery Commercial Silver Springs Commercial Big Rock Commercial Chestermere East Commercial Garrison Green Commercial Penbrooke Commercial Pineridge Commercial Yyc Quesnay At Currie Commercial Rundle Commercial Strathcona Heights Commercial Bayview Commercial Glenbrook Commercial Lake Sundance Commercial Maple Ridge Yyc Commercial Oak Ridge Commercial Pump Hill Commercial Willow Park East Elbow Park Commercial Elboya Commercial Richmond Commercial Yyc Rideau Commercial Shaganappi Commercial Upper Scarboro Commercial Westgate Commercial Yyc Abbeydale Commercial Cornerstone North Commercial Hanson Ranch Commercial Living Springs Commercial Mccall Commercial Millican Ogden Commercial Monterey Park Commercial Nolan Hill South Commercial Ogden Commercial Penbrooke Meadows Commercial Redstone Commercial Savanna Commercial Vista Heights Commercial Applewood Park Commercial Beddington Heights Commercial Bowness Commercial Yyc Dover Heights Commercial Lakeview Commercial Yyc Montgomery Commercial Yyc North Glenmore Park Commercial Patterson Commercial Pineridge North Commercial Sandstone Valley Commercial Taradale North Commercial University Heights Commercial Varsity Commercial Yyc West Springs Commercial Acadia East Commercial Fairview Commercial Yyc Maple Ridge Commercial Yyc Albert Park Commercial Yyc Aurora Commercial Capitol Hill Commercial Yyc Connaught Commercial Currie Commercial East Glenmore Commercial Garrison Woods Commercial Highwood Commercial Killarney Commercial Yyc Manchester Commercial Meadowlark Park Commercial Mission Commercial Yyc Parkdale Commercial Yyc Queensland East Commercial Springbank Hill West Commercial St George Commercial Sunalta Commercial Yyc Varsity Heights Commercial Aspen Landing Commercial Evergreen Commercial Yyc Legacy Commercial New Brighton Commercial Quarry Park Commercial River Park Commercial Saddlebrook Commercial Britannia Commercial Dover East Elbow Drive Commercial Erin Woods East Glenbrook East Highland Park Commercial Homestead East Marlborough Park Marlborough Park Commercial Mount Pleasant Yyc Nolan Hill Northeast Palliser East Redstone North Sage Hill North Shawnessy West Tuscany South Valley Ridge East Walden North Wolf Willow East Woodbine East Altadore North Beltline North Beltline West Dalhousie West Dover West Edgemont South Falconridge North Forest Heights East Forest Lawn North Garrison Green East Glamorgan East Glenmore East Commercial Hamptons East Harvest Hills East Hillhurst East Huntington Hills East Inglewood South Kensington East Yyc Killarney East Kincora North Kingsland East Lake Bonavista East Lakeview East Legacy West Mission West Montgomery East North Haven East Nose Creek East Ranchlands East Riverbend East

6.0–7.5%

Industrial Cap Rate

4.4%

Annual Population Growth

Provincial Income Tax

$17.18

Non-Res Mill Rate 2025

Calgary Market at a Glance

No Provincial Tax

Zero provincial income tax and zero provincial sales tax — the lowest total tax burden of any major Canadian city.

Population Growth

4.4% annual growth — fastest in Canada. Interprovincial migration from BC and Ontario is driving retail, rental and service demand.

Tight Industrial

3.1% industrial vacancy. New speculative builds in SE and NE corridors are absorbing before completion. Rents pushing above replacement cost.

Ring Road Complete

Stoney Trail now fully connected. New industrial, retail and residential nodes unlocked in all quadrants — particularly NE and SE.

Diversified Economy

Energy is ~25% of GDP (down from 45%). Tech, logistics, agri-business and finance now drive broad commercial demand across asset classes.

Competitive Mill Rate

$17.18 non-residential mill rate for 2025. Significantly lower all-in occupancy cost versus Vancouver or Toronto for comparable commercial space.

Calgary Cap Rates by Asset Class (2025)

Asset Class	Submarket	Cap Rate	Notes
Industrial — Modern Bay	SE Shepard / NE Airport	6.0–7.5%	Rents at/above replacement cost
Industrial — Older Product	SW / Foothills	5.5–6.5%	Value-add potential
Office — Class A Downtown	Downtown Core	6.5–7.5%	Quality covenants offset leasing risk
Office — Suburban	Chinook / Deerfoot	7.0–8.5%	Elevated vacancy, repricing underway
Retail — Prime Pad	Macleod Trail / Deerfoot City	5.0–6.0%	Drive-through QSR, pharmacy
Retail — Inline / Strip	Suburban Power Centres	5.5–6.5%	National tenants preferred
Multifamily — Purpose-Built	Beltline / East Village	4.5–5.5%	Strong rent growth embedded
Net Lease — Investment Grade	Citywide	5.0–6.0%	Tim Hortons, Dollarama, Shoppers

Other Alberta Markets

Edmonton

Capital city. Government, healthcare, university district, NE industrial corridor.

Red Deer

Central Alberta hub. Industrial gateway, retail serving north/south catchment.

Lethbridge

Southern Alberta. Agriculture-driven logistics, retail and office.

Airdrie

North of Calgary, Hwy 2 corridor. Fast-growing industrial and retail node.

Grande Prairie

NW Alberta. Energy services, industrial and retail serving Peace Country.

Medicine Hat

SE Alberta. Manufacturing base, Trans-Canada access, low industrial vacancy.

Further Reading→ Alberta Commercial Real Estate Cap Rates 2025 → Alberta Has No Provincial Income Tax → Why Investors Are Moving to Alberta

Calgary Commercial Real Estate — FAQ

What is the commercial property tax rate in Calgary?

Calgary's 2025 non-residential mill rate is approximately $17.18 per $1,000 of assessed value — among the most competitive of any major Canadian city.

What is the industrial vacancy rate in Calgary?

Calgary's industrial vacancy rate is approximately 3.1% as of 2025. Southeast Calgary (Shepard Industrial, Foothills Industrial) and the Northeast Airport corridor are seeing the strongest absorption. Balzac continues to lease up quickly.

What are cap rates in Calgary commercial real estate?

Calgary 2025 cap rates: industrial 5.0–6.0%, retail (prime) 5.5–6.5%, multifamily 4.5–5.5%, suburban office 6.5–8.0%, and net lease investment-grade 5.0–6.0%.

What commercial real estate is available in Calgary?

Calgary offers industrial bays across SE and NE corridors, Class A and B office downtown and suburban, retail on Macleod Trail and Deerfoot City, multifamily in the Beltline, land in Rocky View County, and net lease investment properties citywide.

Why invest in Calgary commercial real estate?

No provincial income tax, 4.4% annual population growth (fastest in Canada), diversifying economy, competitive land costs versus Vancouver or Toronto, and tight industrial vacancy driving strong rent growth.

How do I find commercial space in Calgary?

Contact Canada's Home Commercial via our contact form, or call 403-837-5664. We cover all Calgary asset classes — industrial, office, retail, multifamily, land and investment sales.

What are Calgary's top industrial submarkets?

SE Calgary (Shepard Industrial, Foothills Industrial), NE Calgary (Airport Business Park, Stoney Industrial), and Balzac/CrossIron in Rocky View County are Calgary's top industrial submarkets in 2025.

Ready to Invest in Calgary?

Our Calgary advisors know every submarket and every opportunity across industrial, office, retail, multifamily and land.

Contact Calgary Office

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