Figures
Calgary Retail Figures H1 2026
Calgary retail defined by strong demand and tight supply
August 14, 2026 5 Minute Read
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- Vacancy declined slightly in H1 2026, declining from 5.9% to 5.8%, while the market recorded 267,000 sq. ft. of positive net absorption following the disruption caused by Hudson’s Bay Company (HBC) closures in H2 2025.
- Market fundamentals remain strong, particularly for grocery-anchored, community, and daily-needs centres, supported by Calgary’s population growth and suburban expansion.
- The CBD and South Central submarkets continue to see higher vacancy, mainly due to downtown retail and regional mall vacancies, exacerbated by the HBC fallout, while suburban markets remain significantly tighter.
- Suburban performance remains exceptionally strong, with vacancy rates of just 0.4% in the South, 0.9% in North Central, and 1.7% in the Southeast, highlighting limited availability in key trade areas.
- Landlords remain in a favourable position, especially in high-growth suburban nodes where limited new supply and strong tenant demand allow for more selective tenant mix decisions.