Lease Space in Downtown

[crazieness]

Just wondering if anyone knows what the avergage cost of commercial lease space is going for in DT calgary now? Is there a reference point I can look at? i.e. website

I'm looking at leasing down near the east village.

[dannie]

www.icx.ca is the commercial version of mls. They have some for lease and some for sale on there.

I have retail space in Inglewood on 9 Ave that I lease out to a long term tenant. I can send you the information on mine if you don't get the info you are looking for.

[tpurcell4]

you can also try www.loopnet.com for commercial property. Sometimes it is more extensive than icx.ca

[Khalil.e]

Are you looking for office or retail?
Prices will vary from being right in the core to outer areas like East Village or Inglewood.

ICX probably has less than 20-30% of all leasable space throughout Calgary.

Your best bet would be to contact an active commercial agent and/or look around on commercial brokerage websites and make some calls.

Look at:

Colliers
CBRE
Avison Young
Cushman Wakefield
NAI
Barclay

[crazieness]

Thanks guys,

Khalil.e: I'm looking for retail space.

I'm getting quotes that range all over the place. One building is offering $30/sqft as min rent and $30/sqft for operating costs (includes all utilities).

Accross the street, they offer $14/sqft as min rent and $14.50/sqft for opperating including all utilities.

That is half the price!

Do realestate agents get paid a commission if they find a tenant for a leased space? I wouldn't have an issue going this route if their able to help with the negotiation.

[R-Audi]

Brokers get commission similar to Real Estate Agents when leasing, and to be honest if its a long lease or larger amount I wouldnt go without one! Landlord pays... so dont worry about it.

Downtown commercial can range from 14 to 50 plus Op Cost.... Dont forget all quoted rates are negotiable!

[BananaFob]

It depends on the class of the building as well. In downtown there's AA all the way down to C with varying lease rates. AA and A class is going for around $30-40ish while B class is around $15 right now. That's PSF per annum, not month. You can take a look at the office market reports at any major commercial brokerage and take a look for yourself.

[crazieness]

Thanks for the response, how can find out what the classification of each building would be? i.e AAA AA B C etc?

It obviously has something to do with location, access, etc.