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Slowing retail construction cycle in Calgary and Edmonton may prove fortuitous

Alberta markets unlikely to see significant increase in availability given recent population growth
Manning Town Centre in northeast Edmonton has attracted a collection of strong retail brands to support the surrounding residential development. (Michael Mulligan/CoStar)
Manning Town Centre in northeast Edmonton has attracted a collection of strong retail brands to support the surrounding residential development. (Michael Mulligan/CoStar)
CoStar Analytics
December 5, 2024 | 5:24 P.M.

Calgary and Edmonton have led the country in retail construction as a percentage of existing inventory for the past eight years. The widespread availability of land and the sprawl of residential development ensured steady demand for retail space to support the outwardly growing cities.

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