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Demand for Alberta retail space driven by recent population growth

Affordable housing continues to draw new residents looking to unlock disposable income
Manchester Square in Edmonton, a unique retail development in the Queen Mary Park neighbourhood (Costar/Donovan Bissett)
Manchester Square in Edmonton, a unique retail development in the Queen Mary Park neighbourhood (Costar/Donovan Bissett)
CoStar Analytics
March 5, 2025 | 2:29 P.M.

Alberta continues to see strong retail spending, with 1.6% and 2.4% quarter-over-quarter increases in the third and fourth quarters of 2024. Comparing those two quarters to the same period in 2023, consumer spending was up 3.6% and 5.0%, respectively.

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