How to Buy a Commercial Property in Alberta

Leasing commercial space in Calgary involves more than choosing a location—you need to evaluate zoning, rental rates, operating costs, tenant improvements, exclusivity rights, renewal options, parking, build-out requirements, and overall suitability for your business. Calgary’s leasing market is competitive, with strong demand across retail bays, industrial units, office/medical spaces, and automotive/service properties. Understanding lease structures (NNN, gross, semi-gross), market rates, landlord expectations, and the legal/financial implications of your lease is essential for avoiding costly mistakes and securing the right space for long-term success.

Ready to take the next step? (587)-719-5523 / Get in touch or visit MohitDhillon.com with us today to discuss your commercial real estate goals or schedule a personalized property tour.

Start Your Leasing Journey

A Step-By-Step Guide to Choosing the Right Space

Key Highlights

• Understand Calgary leasing rates & operating cost structures
• Learn how to choose the right location & zoning
• Review lease terms, TI allowances & occupancy timelines
• Identify hidden costs & negotiate stronger terms
• Ideal for new businesses, relocations & expansions
• Based on real Calgary leasing data & landlord practices

Space Needs

Determine ideal size, layout, parking needs, and functional requirements for retail, office, medical, industrial, or service use.

Zoning Rules

Confirm zoning compliance (C-COR, I-G, C-N2, MU-1, etc.) to ensure your business is legally permitted in your chosen location.

Lease Types

Understand NNN, gross, and semi-gross leases, operating costs, CAM fees, and how they affect your monthly expenses.


TI & Buildout

Review tenant improvements, allowances, build-out timelines, and how to negotiate landlord contributions or rent-free periods.

Rates & Budget

Learn what impacts base rent, area demand, traffic patterns, demographics, and how to calculate total occupancy cost.

Negotiation

Cover key terms like exclusivity, signage, renewal options, early occupancy, and reduction of landlord risk.

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Get Expert Leasing Guidance

Provide details so we can match you with suitable spaces and prepare a leasing strategy.

Leasing commercial space is both an operational and financial decision. Tenants must assess zoning compatibility, build-out costs, signage rights, loading access, HVAC capacity, parking availability, and location demographics before committing to a long-term lease. Landlords heavily evaluate tenant strength, business type, financials, and lease term before offering incentives or improvements.

In Calgary, suburban retail bays continue to see strong demand from medical, restaurant, professional, and service-based businesses. Industrial demand remains high, with low vacancy in NE and SE sectors driving competition for well-located bays. Understanding the leasing environment helps businesses secure better terms, ensure long-term stability, and avoid unexpected operating costs or limitations.

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ABOUT MOHIT DHILLON

Your Calgary Leasing Advisor

Mohit Dhillon

Mohit Dhillon helps Calgary businesses find and secure commercial spaces that match their operational needs, brand identity, and long-term goals. With experience across retail, medical, office, industrial, and automotive leasing, Mohit provides strategic guidance on zoning, lease terms, TI negotiations, occupancy planning, and landlord expectations.

Businesses rely on Mohit to identify strong locations, avoid risky leases, and negotiate terms that support long-term success.

FAQ's

How long does it take to lease a commercial space?
Depending on build-out needs and lease negotiations, timelines range from 2–12 weeks.

What is included in operating costs?
Operating costs typically include property tax, insurance, maintenance, HVAC, snow removal, waste, and shared expenses.

Can I negotiate tenant improvements (TI)?
Yes—many Calgary landlords offer TI allowances or rent-free periods depending on lease term and business strength.

How much space do I need?
Retail ranges 1,000–3,000 sq ft, medical 1,200–2,200 sq ft, office 800–2,500 sq ft, and industrial 1,500–5,000 sq ft on average.

Do landlords require financial statements?
Often yes, especially for new businesses, franchises, and longer lease terms.

Can you help review lease agreements?
Yes—we review terms and recommend legal guidance where required.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.