Commercial real estate in Lethbridge continues to remain competitive, according to an Avison Young Report. It’s driven by low vacancies, strong rent performance, and steady demand for quality space.
Multifamily conditions are considered balanced with stable rents and a 4.3% vacancy rate. Retail demand in suburban areas remains strong, with premium lease rates going for $30-$40 per square foot.
While there have been fewer industrial developments, rising land transactions are said to indicate renewed momentum for this year.
Avison Young says continued city growth, newer projects and premium lease rates signal continued investment and further competitiveness in 2026.
Doug Mereska, Managing Director of Avison Young Lethbridge says he anticipates the 450-unit Core Crossings development to meet the latest demands and ease the supply deficit for multifamily housing.