A recent report from Colliers International outlines the different retail property type in Edmonton. The rental rates remain fairly constant throughout the different retail corridors. The results are as follows:
POWER CENTRE CRU
Typical Size: 1,200 – 1,500 sq.ft.
“A” Class Rental Rates: $28.00 – $32.00/sq.ft.
“B” Class Rental Rates: $21.00 – $26.00/sq.ft.
“C” Class Rental Rates: $14.00 – $19.00/sq.ft.
Operating Costs: $6.00 – $8.00/sq.ft.
Vacancy: 3.0%
UNANCHORED STRIP CENTRE CRU
Typical Size: 1,200 – 1,500 sq.ft.
“A” Class Rental Rates: $23.00 – $25.00/sq.ft.
“B” Class Rental Rates: $21.00 – $26.00/sq.ft.
“C” Class Rental Rates: $11.00 – $15.00/sq.ft.
Operating Costs: $6.00 – $9.50/sq.ft.
Vacancy: 3.3%
ANCHORED SHOPPING CENTRE CRU
Typical Size: 1,200 – 1,500 sq.ft.
“A” Class Rental Rates: $28.00 – $32.00/sq.ft.
“B” Class Rental Rates: $25.00 – $27.00/sq.ft.
“C” Class Rental Rates: $13.00 – $19.00/sq.ft.
Operating Costs: $7.50 – $11.00/sq.ft.
Vacancy: 3.3%
PAD SITE
Typical Size: 3,000 – 4,500 sq.ft.
Rental Rates: $32.00 – $40.00/sq.ft.
Operating Costs: $6.00 – $11.00/sq.ft.
Vacancy: BTS opportunities rather than
existing vacancies
BIG BOX
Typical Size: 15,000 – 60,000 sq.ft.
Rental Rates: $16.00 – $22.00/sq.ft.
Operating Costs: $6.00 – $8.00/sq.ft.
Vacancy: 2.5%
To obtain the full report from Colliers you can click here.
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