medicine hat · medicine hat is southeast alberta’s pri-mary service centre with a total...
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MEDICINE HATreal estate summary 2017
Medicine Hat is Southeast Alberta’s pri-mary service centre with a total catch-ment area of approximately 100,000.
Average household income for the city is $103,140, and reaches as high as $109,810 in the secondary trade area.
Major commercial nodes include Downtown, Southlands, Box Springs and Northlands.
Current commercial lease rates vary from $12 - $22 per square foot.
Medicine Hat’s primary industrial activ-ities include oil and gas services, pet-rochemical manufacturing, metal fabri-cation, agri-business, construction and small business.
Major industrial areas include Brier Park, Southwest Light Industrial, the Air-port, and Box Springs
Current industrial lease rates vary from $5 - 20 per square foot.
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COMMERCIAL AND INDUSTRIAL REAL ESTATE
Downtown Medicine Hat’s revival is being driven by creative entrepreneurs and mak-ers who see the city core as essential in nurturing a sense of community.
Downtown is bordered by 1 Street SE, South Railway Street, 2 Street SE and Ma-cleod Trail SE.
Anchor tenants include City Hall, the Pro-vincial Building, the Court House, the Es-planade Arts and Heritage Centre, and the Public Library.
Other services include retail, restaurants, nightclubs, banks, law firms, accoun-tants, brokers, dentists, doctors, employ-ment services, government offices, and non-profits.
DOWNTOWN
Daily traffic countsFirst Street SE: 10,590
Macleod Trail SE: 1,970
Third Street SE: 7,460
South Railway Street: 12,360
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SOUTHLANDSCOMMERCIAL NODE
One of Medicine Hat’s busiest com-mercial districts, Southlands is easily accessible to to over 120,000 people thanks to its location at the intersec-tion of the busy Dunmore Road and Trans-Canada Highway.
Anchor tenants include the Medi-cine Hat Mall, Walmart Supercentre, Home Depot, Sobey’s, Canadian Tire, PetSmart, Real Canadian Superstore and Staples.
Total gross leasable area (GLA) across all developments is approximately 880,000 square feet.
Daily traffic countsTrans-Canada Highway: 29,000
Dunmore Road: 15,000
Strachan Road: 12,000
BOX SPRINGS COMMERCIAL NODE
Medicine Hat’s fastest-growing com-mercial node is anchored by the city-owned 6,000-seat Canalta Centre and Costco Wholesale.
Box Springs is located on the Trans-Can-ada Highway at the intersection with Box Springs Road and West Boundary Road.
Here you will find a mixture of green-field development land for sale or lease, plus existing property for sale or lease
Other tenants include the Canalta Cen-tre, Costco Wholesale, Princess Auto, the Hampton Inn, and The Keg.
Daily traffic countsTrans-Canada Highway: 29,000
Box Springs Road: 5,980
West Boundary Road: 3,570
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NORTHLANDS COMMERCIAL NODE
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Medicine Hat’s northern quadrant of over 14,000 is serviced primarily by the Northlands commercial node.
The site is located at Division Ave NE and 23rd Street Northwest, in close proximity to the 218,000 square foot Family Leisure Centre.
Anchor tenants include Medicine Hat Co-op, Shoppers Drug Mart, and ATB Financial.
Daily traffic countsDivision Avenue: 8,440
23 Street NW: 7,020
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AIRPORT AND SOUTHWEST LIGHT INDUSTRIAL
The site is located at the intersection of the Crowsnest and Trans-Canada highways, and bordered in the South by 30 St SW.
Anchor tenants include the Medi-cine Hat Regional Airport, and Burn-co Concrete and is home to many of Medicine Hat’s material supply and construction service companies.
Daily traffic countsCrowsnest Highway: 9,740
30 Street SW: 2,080
10 Avenue SW: 7,470
Daily traffic countsTraffic counts
Trans-Canada Highway: 29,000
10 Avenue NW: 1,860
BRIER PARK INDUSTRIAL ESTATES
Thanks to abundant methane natural gas and a City Hall open for business, Brier Park Industrial Estates has quietly become one of Alberta’s most import-ant petrochemical and manufacturing locations.
Bordered by the Trans-Canada High-way, 23 Street NW, 10 Avenue NW, and Brier Park Road NW, and serviced by a CPR spur line, businesses have excel-lent market access.
Anchor tenants include Cancarb, Meth-anex, CF Industries, and Moduline.
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DEVELOPERS & ASSOCIATIONS
Box Springs Business Parkwww.bsbp.ca
Brentwood Developmentswww.brentwooddevelopments.ca
City of Medicine Hat Business Supportwww.medicinehat.ca/BusinessSupport
Hopewell Developmentwww.hopewelldevelopment.com
Meadowlands Development Corporation www.meadowlandsdevelopment.com
Royopwww.royop.com
Lansdowne Equity Ventureswww.lansdowne.ca
Canadian Home Builders Association of Medicine Hatwww.chbamedicinehat.com
Medicine Hat and District Chamber of Commercewww.medicinehatchamber.com
City Centre Development Agencywww.downtownmedicinehat.com
Medicine Hat Real Estate Boardwww.mhreb.ca
Medicine Hat Construction Associationwww.medhatconstruction.ca
Urban Development Institute Medicine Hatwww.udialberta.com
Northwest Atlanticwww.nwaretail.com
SMI Commercial Real Estatewww.smicommercial.com
Felesky Commercial Realtywww.feleskyrealty.com
Re/Max Real Estatewww.petev.remax.ca
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2016 NON-RESIDENTIAL VACANCY CHANGE
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1 St SE
1 St SW
3 St SW
Gershaw Dr SW
Gershaw Dr SW
Gershaw Dr SW
Divi
sion Ave S
Gers
haw Dr SW
South Railway St SE
3 St SE
3 St SE
1 St SE
Kingsway Ave SE
Allowance Ave SE
Kipling St SE
North Railway St SE
Maple Ave SE
Industrial Ave SE
Bridge St SE
Spencer St SE
Spencer S
t SE
Parkview Dr NE
Parkview Dr NE
Parkview Dr NE
Parkview Dr NE
23 St NW
Division Ave N
Altawana Dr NE
Dunmore Rd SE
Dunmo
re Rd SE
13 Ave SE
13 Ave SE
Southridge Dr SE
Southridge Dr SE
South Boundary Rd SE
13 Ave SE
Strachan Rd SE
Sierra Blvd SE
Sierra Blvd
SE
Southridge D
r SE
Porters Hill SE
Box Springs Rd NW
College Ave SE
Crowsnest
Highw
ay
South Boundary Rd SESouth Boundary Rd SE
Range Road 62
Crowsnest Highway
Strachan Rd SE
Strachan Rd SE
Black & W
hite Trail
Veinerville
Seven Persons Cre
ek
Maple Ave.
Bridge
South Saskatchewan River
Ross Creek
South Saskatchewan River
TAYLOR
TURNERSOUTHLANDS
HAMPTONSSOUTHVISTA
HEIGHTS
SOUTH RIDGESAAMIS
HEIGHTS
CIMARRON
TOWER ESTATESAIRPORT
LIGHTINDUSTRIAL
TEPEE
SW HILLKENSINGTON
MARLBOROUGHNORWOOD
SOUTHFLATS
DOWNTOWNSE HILL
RIVER HEIGHTSHARLOW
RIVERRIDGE
NW CRESCENT HEIGHTS
NE CRESCENT HEIGHTS
RANCHLANDS
PARKVIEW
POLICEPOINT
NORTH FLATS
CRESTWOOD
SOUTHVIEW
ROSS GLEN
BRIER PARK
BURNSIDE
BOX SPRINGSBUSINESS PARK
RIVERSIDE
POPULATION BY NEIGHBOURHOOD
4,8603,449
1,091
Industrial
2,146
2,190
4,577
2,968
2,598
5,034
4,386
1,504
1,944
4,921
385
2,969
1,439
7,659
1,726
1,596
4,466
1,110
Ryan JacksonGeneral Manager(403) [email protected]
Jon SookocheffDevelopment Officer(403) [email protected]
Quentin RandallMarketing Manager(403) [email protected]
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