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Top Areas of Calgary Seeing New Commercial Development in 2025

Posted by Jeff Robson on January 17, 2025
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As Calgary’s economy continues to recover and evolve post-pandemic, the commercial real estate market is seeing a surge in development activity. New projects are not only reshaping the city’s skyline but also creating fresh opportunities for investors, businesses, and tenants alike. In 2025, several key areas in Calgary are experiencing exciting new commercial developments, driven by growth in industries, infrastructure improvements, and shifting demands in both the office and industrial sectors.

At JR Mercantile Real Estate Advisors Inc., we are excited to share the top areas of Calgary where new commercial developments are expected to make a significant impact in 2025 and beyond.

1. Downtown Calgary: Revitalization and Mixed-Use Developments

Calgary’s downtown core has faced significant challenges in recent years, including higher office vacancy rates and changing workplace dynamics. However, in 2025, the area is undergoing a revitalization, with several major commercial developments breathing new life into this central business district.

What’s Happening?

Developers are embracing mixed-use projects that blend office space, residential units, retail outlets, and green spaces. The goal is to create a more vibrant and diversified downtown that encourages people to work, live, and play in the heart of Calgary. We’re seeing significant investment in transforming underutilized office buildings into multi-purpose spaces, which will serve both businesses and residents. Additionally, projects like the new Calgary Event Centre and redevelopment plans around Stephen Avenue are expected to bring increased foot traffic and commercial activity to the area.

Why it Matters:

This shift reflects a broader trend where businesses are seeking flexible, sustainable, and community-focused spaces in Calgary’s downtown. The area is becoming a hub for tech companies, startups, and creative agencies that value proximity to residential areas and lifestyle amenities. At JR Mercantile, we’re closely monitoring these developments, and even involved in the transformation of these buildings with our new listing The Loft and helping clients explore opportunities to lease or invest in the changing landscape of downtown Calgary.

2. The Beltline: A Hotbed of Urban Transformation

The Beltline is one of Calgary’s most dynamic and rapidly evolving neighborhoods. Located just south of downtown, the Beltline offers a combination of residential, commercial, and cultural spaces that make it a prime area for new developments.

What’s Happening?

Developers are creating new mixed-use retail spaces, and high-density residential buildings in this sought-after area. A focus on sustainability and green building practices is a driving force, with many new developments aiming for LEED certification. In particular, the 17th Avenue Corridor is seeing a surge of mixed-use developments designed to attract innovative businesses and young professionals who appreciate the area’s walkability and proximity to downtown amenities.

Additionally, Calgary’s expanding transit system, including the new Green Line LRT, is set to increase accessibility to the Beltline, making it an even more attractive area for commercial real estate investment.  For more information about interesting projects with the Beltline check out our listings, 1400 10th, Two Park and 708 11th Avenue SW.

Why it Matters:

With its central location, diverse amenities, and proximity to both Calgary’s business core and residential neighborhoods, the Beltline has become one of Calgary’s most desirable commercial development areas. Whether you’re looking for retail space, or mixed-use investment opportunities, the Beltline is an area to keep an eye on in 2025.

3. Inglewood and the East Village: A Cultural and Commercial Renaissance

The Inglewood and East Village areas, located just east of downtown Calgary, have long been known for their vibrant cultural scene, but these neighborhoods are now experiencing a significant commercial development boom.

What’s Happening?

Inglewood, often seen as one of Calgary’s trendiest areas, is seeing a revitalization in both its retail and office spaces. New mixed-use developments are bringing contemporary office buildings, boutique retail stores, and unique dining experiences to the area. Meanwhile, the East Village, known for its iconic riverfront, is undergoing a major transformation with new residential, commercial, and cultural spaces.

A key driver in this development is the Calgary + Entertainment District, which aims to position the East Village as a cultural and artistic hub. The addition of new retail spaces, cafes, galleries, and creative offices will make this area an attractive destination for businesses in the creative, tech, and hospitality sectors.  Check out our property EV606 for two outstanding opportunities is this highly desirable area.

Why it Matters:

The combination of urban development, riverfront views, and a strong community focus has made Inglewood and the East Village highly attractive for businesses looking to tap into Calgary’s growing cultural and creative economy. These areas are becoming increasingly popular with businesses in the arts, entertainment, and hospitality sectors, as well as startups and tech companies looking for office space with a unique, vibrant atmosphere.

4. The Calgary International Airport (YYC) and Airport Gateway

As Calgary continues to position itself as a transportation hub for Western Canada, commercial development around Calgary International Airport (YYC) is seeing substantial growth in 2025.

What’s Happening?

With the expansion of YYC Calgary International Airport and the development of the nearby Airport Gateway district, this area is rapidly becoming a key site for commercial real estate development. The airport is not only a gateway for international business but also a focal point for logistics, retail, and tourism-based companies. Several new hotels, office towers, and industrial facilities are under development to support the growing needs of the area.

The Calgary Airport Authority is also working to enhance connectivity between the airport and surrounding areas, including developing new transportation options like the future Calgary Green and Blue Lines LRT that will improve access to the airport for both businesses and visitors.

Why it Matters:

The growth of commercial developments near YYC opens up significant opportunities for businesses looking to establish a presence near a major transportation hub. Whether you’re seeking industrial space for logistics or office space for a regional headquarters, the airport area offers unparalleled access to international markets and supply chains.

5. The Calgary Foothills Industrial Area: A Rising Star for Industrial Developments

Calgary’s industrial real estate market is experiencing strong growth, with the Calgary Foothills Industrial Area emerging as one of the top locations for new industrial developments in 2025.

What’s Happening?

The Foothills Industrial Area, located just southwest of the Calgary International Airport, is seeing an increase in demand for large warehouses, distribution centers, and logistics hubs. The area’s proximity to key transportation routes and the airport makes it a highly attractive location for companies in manufacturing, logistics, and e-commerce.

Additionally, there’s a growing emphasis on sustainable and energy-efficient industrial buildings in this area, with many new developments incorporating green building practices and LEED certifications.

Why it Matters:

As e-commerce continues to drive demand for logistics space, the Foothills Industrial Area is poised to become a hub for businesses in need of distribution centers and warehousing. This is an area to watch for investors and companies looking for industrial real estate with excellent connectivity to Calgary’s broader transportation network.

Calgary’s commercial real estate market in 2025 is undergoing a dynamic transformation, with exciting new developments taking place across several key areas. Whether you’re an investor, developer, or business owner, there are abundant opportunities to explore in Calgary’s evolving commercial landscape. At JR Mercantile Real Estate Advisors Inc., we’re committed to helping our clients navigate these changes and find the best opportunities in Calgary’s booming real estate market.

Contact us today to learn more about our comprehensive brokerage services and how we can support your commercial real estate projects in Calgary. You can reach out to us at either http://www.jrmercantile.com , 403-770-3071 or at hello@jrmercantile.com.

Image Credits: Canva

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