What are retail rents in Marda Loop?

Marda Loop village retail rents on 33rd Avenue SW range from $26–40/sf net in 2025 for prime positions. Patio-capable and restaurant spaces command premium pricing. Secondary and service-retail space runs $18–26/sf net.

Calgary SW Inner City — 33rd Ave SW Village · Altadore · Garrison

Marda Loop / Altadore Commercial Real Estate

Q: What commercial real estate is available in Marda Loop Calgary?

Marda Loop and Altadore offer village retail on 33rd Avenue SW, professional and medical office (above-retail and purpose-built), purpose-built multifamily rental, walk-up apartments, and mixed-use properties. There is no industrial land in this neighbourhood.

Q: What are multifamily cap rates in Marda Loop and Altadore?

Marda Loop and Altadore multifamily cap rates are 4.5–5.25% in 2025. Inner-city location, low vacancy and strong demographics drive investor demand. Walk-up buildings with renovation upside may trade at 4.75–5.5%.

Q: How do I buy or lease commercial space in Marda Loop?

Contact Canada's Home Commercial via our contact form, or call 403-837-5664. We cover Marda Loop and Altadore retail, office and multifamily.

Calgary's most vibrant neighbourhood retail node. 33rd Avenue SW's walkable village commercial strip, professional and medical office, purpose-built multifamily rental, and mixed-use properties. No industrial. Strong demographics, high foot traffic, and enduring tenant demand.

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$26–40Village Retail /sf Net

$15–22Office /sf Gross

4.5–5.25%Multifamily Cap Rate

0%Provincial Income Tax

Property Types

What's Available in Marda Loop / Altadore

Retail

$26–40/sf net

33rd Ave SW village · Restaurant · Boutique · Café

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Office

$15–22/sf gross

Professional services · Medical · Above-retail

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Mixed Use

Ground-floor commercial

Retail podium · Residential above

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Retail

Cap rate 5.0–6.5%

Village strip · Restaurant pad · Street front

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Multifamily

Cap rate 4.5–5.25%

Purpose-built rental · Walk-up apartments

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Mixed Use

Cap rate 4.75–5.5%

Retail podium + residential · Development sites

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Marda Loop / Altadore Submarkets

Key Areas Within Marda Loop and Altadore

33rd Avenue SW — Marda Loop Village

Neighbourhood Village Retail · Restaurant Row

Retail Office Multifamily

The heart of Marda Loop's commercial district, stretching along 33rd Avenue SW between 19th and 27th Streets SW. Independently owned restaurants, specialty grocery, fitness studios, wine merchants, gift and home décor shops cluster here. Strong community identity, farmer's market events, and loyal local patronage distinguish Marda Loop from suburban retail.

$28–40/sfPrime Retail Net

5.0–6.0%Retail Cap Rate

20th Street SW Corridor

Secondary Retail · Professional Office

Retail Office

Running north-south through Marda Loop, 20th Street SW supports a secondary commercial corridor with café, fitness, health service and professional office tenants. Above-retail office in converted and purpose-built buildings houses accountants, mortgage brokers, psychologists and physical therapists serving the neighbourhood's affluent resident base.

$20–30/sfRetail Net

$15–20/sfOffice Gross

Altadore — Multifamily Investment

Inner-City Multifamily · Walk-Up Rental

Multifamily Mixed Use

Altadore's residential streets host a significant stock of three and four-storey walk-up rental buildings, many built in the 1960s–1980s. Young professional and family demographics command strong rents. Value-add investors renovate suites and common areas to capture market-rate premiums in one of Calgary's most sought-after SW inner-city addresses.

4.5–5.25%Walk-Up Cap Rate

Value-AddSuite Renovation

Marda Loop — Purpose-Built Rental

Newer Multifamily · Strong Rent Growth

Multifamily

Newer purpose-built rental buildings — 4 to 6 storeys — have entered Marda Loop and Altadore in recent development cycles, replacing older single-family lots. These buildings achieve premium rents reflecting the neighbourhood's amenities, walkability, and school catchments. Vacancy is persistently low, driven by interprovincial migration and inner-city lifestyle demand.

4.25–4.75%PBR Cap Rate

<3%Rental Vacancy

Marda Loop Village — Mixed Use

Retail Podium · Residential Above

Mixed Use Retail Multifamily

Mixed-use buildings — ground-floor retail with residential apartments above — are increasingly the development format along 33rd Avenue SW and 20th Street SW as the neighbourhood densifies. Retail podium tenants benefit from captive resident-customer spending. Development sites and conversion opportunities exist in the commercial fringe areas.

4.75–5.5%Mixed Use Cap

Dev SitesAvailable

Altadore / Garrison — Medical Office Node

Health Services · Professional Office

Office Retail

The broader Marda Loop / Altadore area supports a concentration of medical, dental, physiotherapy and allied health providers. Proximity to Garrison Woods, Currie Barracks and growing south-of-Glenmore residential populations drives patient volumes. Purpose-built medical suites and converted character buildings serve practitioners seeking walkable, neighbourhood-integrated locations.

$15–22/sfOffice Gross

MedicalStrong Demand

$26–40/sf

Village Retail Net

$15–22/sf

Office Gross Rent

4.5–5.25%

Multifamily Cap Rate

$17.18

2025 Mill Rate

Marda Loop / Altadore — Market Overview

Marda Loop and Altadore together form Calgary's premier southwest inner-city neighbourhood retail and residential investment market. The commercial heart is 33rd Avenue SW, where an independent-retailer-dominated village commercial strip generates some of Calgary's strongest neighbourhood retail foot traffic. The area sits approximately 4 km southwest of downtown, connected to the Beltline via Crowchild Trail and 14th Street SW.

Unlike many Calgary suburban commercial nodes, Marda Loop's retail ecosystem is built on independent operators — restaurants, specialty food, wine, fitness, gift and health service tenants — rather than national chain anchors. This independent character creates durability and community loyalty that insulates the strip from e-commerce headwinds facing big-box suburban retail.

Multifamily investment is deep in Altadore, which hosts a mix of 1960s–1980s walk-up apartment buildings and newer purpose-built rental mid-rises. Demographics — young families, professionals, and high-income households — support premium rents and structural low vacancy. There is no industrial land in Marda Loop or Altadore.

Marda Loop / Altadore Cap Rates & Market Data (2025)

Asset Class	Location	Cap Rate	Notes
Retail — Village Strip Prime	33rd Ave SW	5.0–6.0%	Independent restaurant and boutique anchored
Retail — Secondary	20th St SW, fringe	5.5–6.5%	Café, fitness, service retail
Office — Above Retail / Professional	33rd Ave SW, 20th St SW	6.5–8.0%	Medical, legal, financial services
Multifamily — Purpose-Built Rental	Marda Loop, Altadore	4.25–4.75%	New construction, premium rents, low vacancy
Multifamily — Walk-Up (6–30 units)	Altadore residential streets	4.5–5.25%	Value-add renovation upside, strong fundamentals
Mixed Use — Retail + Residential	33rd Ave SW village	4.75–5.5%	Ground-floor retail with residential above

Why Investors Choose Marda Loop / Altadore

Calgary's best neighbourhood retail strip. Marda Loop's 33rd Avenue SW is consistently ranked among Calgary's strongest performing neighbourhood commercial corridors. Independent tenants, community events, and high resident loyalty create foot traffic that suburban strip plazas cannot replicate.

Premium demographic profile. Altadore and Marda Loop attract high-income young families and professionals. Average household incomes well above the Calgary median support both retail spending and premium rental rates. Tenant quality and covenant strength reflect neighbourhood demographics.

Multifamily scarcity and demand. Limited new developable land and active neighbourhood opposition to over-densification protects existing multifamily stock from new supply competition. Existing walk-up buildings trade at tight caps with value-add renovation upside.

No provincial income or sales tax. Alberta's tax advantage compounds returns for investors holding inner-city income-producing assets over multi-decade horizons.

Marda Loop / Altadore — Frequently Asked Questions

What commercial real estate is available in Marda Loop and Altadore?

Marda Loop and Altadore offer village strip retail on 33rd Avenue SW and 20th Street SW, professional and medical office above retail, purpose-built multifamily rental, walk-up apartment buildings, and mixed-use properties. There is no industrial land in these neighbourhoods.

What are retail rents on 33rd Avenue SW in Marda Loop?

Prime 33rd Avenue SW village retail rents range from $28–40/sf net in 2025. Patio-capable restaurant spaces with street frontage are at the high end. Secondary space and side-street locations run $18–26/sf net. Marda Loop retail consistently outperforms comparable suburban strip rental rates.

What are multifamily cap rates in Marda Loop and Altadore?

Multifamily cap rates are 4.25–5.25% in 2025. Newer purpose-built rental buildings trade at 4.25–4.75%; vintage walk-up buildings in Altadore trade at 4.5–5.25% with value-add renovation upside. Low vacancy (under 3%) and strong rent growth underpin tight cap rates.

Is Marda Loop a good investment for retail property?

Yes — Marda Loop's independent retail culture and community loyalty create durable tenant demand. The area has historically maintained lower retail vacancy than suburban Calgary. However, prime positions rarely come to market; investors should expect to compete for quality assets. Contact Canada's Home Commercial to discuss off-market opportunities.

What office tenants are found in Marda Loop?

Marda Loop office tenants include physiotherapy, dental, psychology, financial planning, mortgage brokerage, legal, accounting and boutique consulting firms. Above-retail second-floor offices are the primary format. Medical uses are strong — the neighbourhood's demographics generate patient volumes that support premium medical office rents.

How do I buy or lease in Marda Loop / Altadore?

Contact Canada's Home Commercial via our contact form, or call 403-837-5664. We cover Marda Loop and Altadore retail, office and multifamily investment sales and leasing, including off-market opportunities.

Looking at Marda Loop or Altadore?

Our Calgary advisors specialize in 33rd Avenue SW village retail, Altadore multifamily, and mixed-use opportunities in Calgary's top southwest inner-city neighbourhood.

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