Commercial space for lease in Calgary is wide open at the moment, with plenty of options downtown and in the surrounding suburban areas. It is, essentially, a buyer’s market for entrepreneurs and corporations looking to establish in the city – but that doesn’t mean you should be hasty! Today Bedrock Realty Advisors Inc. a trusted commercial realty advisor in Calgary, discusses the top five things to consider before looking for a commercial space to rent in Calgary.
- Location, Location, Location
The most important factor in choosing your Calgary lease space is the location. The city has many desirable locations, including downtown. Right now is a great time for smaller businesses or startups to invest in downtown. Lease rates are down since several notable energy companies have pulled out of Alberta. This has opened up the core to revitalization as some property developers are turning empty towers into apartments. Slowly but surely, downtown is changing to have a wider range of businesses, along with more residences. If you are on the hunt for commercial space to rent in Calgary, don’t discount downtown. You may be surprised at what you can get for a great price right now. - Growth Potential
Moving a business is time-consuming and very expensive. Before you put down a deposit on a commercial space for lease in Calgary, ensure it has the room you need to expand. It is well worth looking at buying up adjacent bays, or facilities with a few extra office spaces even if they will sit empty for a couple of years. The price of maintaining the space is often less than the price of relocating and changing your address on all of your branding materials. - Easy Access
Whether your commercial space for rent in Calgary is going to rely on foot traffic from customers (like a retail store) or not (like warehousing or online services), it must be accessible. You, your customers, and your staff want to be close to work via a short commute or by public transit. Commercial space for lease in Calgary’s downtown is a great option because the C Train is free to use downtown. This means your customers and staff don’t have to worry about parking or slippery roads during Alberta’s chilly winters. - Value Add-Ons
Again, considering both your customers and your staff, you want a location that has extra value for everyone that uses or comes to the space. Your commercial space for rent in Calgary should be close to amenities like green spaces, lunch shops, and safe walking trails (be they streets or more suburban areas). Also consider the value of having accessible washrooms for the differently-abled, gender-neutral washrooms, lactating rooms for female staff that are nursing, nap rooms (which are trending right now!) and being close to laundry mats and grocery stores for the team members that must take care of these chores before or after their workday. - Future Potential
The commercial space for rent in Calgary that you ultimately decide on must also depend on the area’s future potential. The City of Calgary is looking to attract tech-focused businesses, for example, meaning any company that is tech-focused or supplies the tech sector would be wise to rent in downtown Calgary before competition for space ramps up.
Bedrock Realty Advisors Inc. guides those looking for commercial space to lease in Calgary through the process of finding the ideal location for your business’ present and future needs. Contact us today and let us help you find the perfect spot to launch and thrive.
As featured in the Calgary Herald this week, Bedrock Realty had the pleasure of helping