Main page content begins here

Land and Building – Purchase and Leasing

A wide range of industrial land is available for development in Edmonton.

Land prices vary based on size, zoning and location. In the first quarter of 2017 the average price of full municipally serviced industrial land per acre was estimated at $625,000.

Average Land Sales by Location (Avison Young)

Northwest -$650,000/acre

Southeast - $700,000/acre

Northeast - $525,000/acre

Edmonton’s average owner/user industrial building sales per square foot (Avison Young) as of Q1 2017 were $90 - $206.

Downtown Class B average net rent dropped 12.7% from the previous quarter to $14.26 per square foot while overall net rent across Edmonton remained stable at $19.58 per square foot.

With the current absorption rate and new product coming on stream, there should be enough supply to meet the immediate demands for the next couple of years.

Offsite Levies

Offsite fees and levies are calculated against cost of delivery of the services. Developers pay for the cost of municipal improvements, such as roads and utilities, within the lands they develop.

Development can trigger demands for municipal improvements that service a larger area such as arterial roads and sewer trunk mains. The costs of these major services are levied against a larger, "benefiting" area and a number of developers pay for them.

Off-site levy rates are set by City Council.

For More Information

Ken Mamczasz, P.Eng.

Economic and Environmental Sustainability
Sustainable Development
9th Floor, Edmonton Tower
10111-104 Avenue NW
Edmonton, AB T5J 0J4

Title Director, Economic Investment & Development
Telephone

780-496-6036

Email ken.mamczasz@edmonton.ca

End of page content. Please choose between the following five options:

Back to main menu Back to current page menu and content View current page breadcrumb Back to site search Continue to page footer content