Lethbridge investment market report
Lethbridge’s market demand remains strongDespite the headwinds in the greater economy, Lethbridge's commercial real estate (CRE) market is projected to regain momentum by the end of 2023. Lethbridge's commercial rental rates are still lower on average than other communities of similar size and demographics in Western Canada, attracting national tenants to new builds in the area. The market's relative affordability, even in the face of increased costs will continue to play in its favor.
The local market has cooled in response to increased inflation and interest rates. There will likely be a ‘holding pattern’ in early 2023 for local investors, with demand for commercial real estate sale and lease activity resuming by the end of the year.
Local investor sentiment is cautious but optimistic
Low vacancy rates create high demand for existing space
With low vacancy rates in both industrial and retail space, new builds and redevelopments are on the horizon. In keeping with national trends, high-quality properties in accessible, attractive, amenity-rich locations will thrive.
Lethbridge industrial vacancy rate
Average industrial base rent rate
Lethbridge office vacancy rate
Average office base rent rate
Lethbridge retail vacancy rate
Average retail base rent rate
Your source for the latest Lethbridge investment market reports
Get in-depth investment market reports and insights from commercial real estate experts in the Lethbridge area. Avison Young advisors look at Lethbridge commercial real estate activities and the latest Lethbridge statistics to provide you expert market research on Lethbridge investment properties.
Explore different topics like the latest investment market pricing trends and analysis of Lethbridge's current investment real estate market conditions. Gain a better understanding of Lethbridge’s investment real estate outlook and stay ahead of current investment space trends. Make smart decisions when it comes to investing in investment properties in Lethbridge's competitive investment real estate market. Avison Young is your trusted source for commercial real estate investment market insights in Lethbridge.
The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.