Commercial and Industrial Land – Invest Medicine Hat

Commercial and Industrial Land

Community Profile

Approximately 140,000 people travel to Medicine Hat for professional services, retail and recreation.

Medicine Hat is Southeast Alberta’s primary service centre with a total catchment area of approximately 140,000. 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 Business Park and Northlands. Current commercial lease rates vary from $12 to $22 per square foot.

Medicine Hat’s primary industrial activities include oil and gas services, petrochemical manufacturing, metal fabrication, agri-business, construction and small business. Major industrial areas include Brier Park, Southwest Light Industrial, Northwest Industrial, Medicine Hat Regional Airport, and Box Springs Business Park. Current industrial lease rates vary from $5 – 20 per square foot.

Downtown

Downtown Medicine Hat

Downtown is bordered by 1 Street SE, South Railway Street, 2 Street SE and Macleod Trail SE.

Anchor tenants include Medicine Hat City Hall, the Alberta Provincial Building, the Medicine Hat Court House, the Esplanade Arts and Heritage Centre, and the Medicine Hat Public Library. RBC, BMO, TD, ATB Financial, and CIBC all have downtown bank branches, including wealth management divisions.

The City is in the midst of a multi-year infrastructure upgrade that has preceded private redevelopment of commercial real estate, including the 18,000 square foot Beveridge Building on Second Street and numerous other retail locations.

Downtown development incentive programs have been used to develop new professional services buildings, including an optometry clinic and new professional services buildings.

Other services include retail, restaurants, nightclubs, law firms, accountants, dentists, doctors, employment services, government offices, and major insurers.

Daily Traffic Counts
  • First Street SE: 10,590
  • Macleod Trail SE: 1,970
  • Third Street SE: 7,460
  • South Railway Street SE: 12,360

Southlands Commercial Node

Southlands Commercial Node

One of Medicine Hat’s busiest commercial districts, Southlands serves 140,000 people in Medicine Hat’s trading area. Its location at the intersection of the busy Dunmore Road and Trans-Canada Highway provides high-visibility, developable commercial land.

Anchor tenants include the Medicine Hat Mall, Walmart Supercentre, Home Depot, Sobey’s, Canadian Tire, PetSmart, Real Canadian Superstore and Staples.

In 2019, South Country Co-op cut the ribbon on its over 7,000 square foot of new retail space, while two new extended stay hotels are expected to be complete by the end of 2019. Save-On-Foods and Bed Bath and Beyond also opened their doors in 2019.

Total gross lease-able area (GLA) across all developments is approximately 880,000 square feet.

Daily Traffic Counts
  • Trans-Canada Highway: 29,000
  • Dunmore Road SE: 15,000
  • Strachan Road SE: 12,000

Box Springs Business Park

Box Springs Business Park

Medicine Hat’s largest industrial and commercial greenfield development opportunity is found in Box Springs Business Park.

The park is anchored by the city-owned 6,000-seat Canalta Centre, Costco Wholesale, a Hampton by Hilton hotel, and 1.6 million square foot Aurora Sun facility. It is the home of Folium Bioscience’s 110,000 square foot CBD extraction facility, which is expected to be complete by 2021.

Box Springs is located on the Trans-Canada Highway at the intersection of Box Springs Road and West Boundary Road.

Here you will find a mixture of greenfield development land for sale or lease, plus existing property for sale or lease.

Other tenants include Princess Auto, Boston Pizza, McDonald’s, A&W, and The Keg.

Daily Traffic Counts
  • Trans-Canada Highway: 29,000
  • Box Springs Road: 5,980
  • West Boundary Road: 3,570

Northlands Commercial Node

Northlands Commercial Node

Medicine Hat’s northern quadrant of over 14,000 residents is serviced 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, which draws over 150,000 annual visitors.

Anchor tenants include Shoppers Drug Mart, ATB Financial, and a recently renovated South Country Co-op.

Daily Traffic Counts
  • Division Avenue: 8,440
  • 23 Street SW: 7,020

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 Medicine Hat Regional Airport, and Burnco Concrete, Super T Aviation, and is home to many of Medicine Hat’s material supply and construction service companies.

The City of Medicine Hat is currently providing services to 7.5 acres of airside greenfield land, and 5.5 acres of groundside commercial land at the Medicine Hat Regional Airport.

Daily Traffic Counts
  • Crowsnest Highway: 9,740
  • 30 Street SW: 2,080
  • 10 Avenue SW: 7,470

Brier Park Industrial Estates

Thanks to abundant methane natural gas and a business-friendly City Hall, Brier Park Industrial Estates is one Alberta’s most important petrochemical and manufacturing locations.

Bordered by the Trans-Canada Highway, 23 Street NW, 10 Avenue NW, and Brier Park Road NW, and serviced by a CPR spur line, businesses have excellent market access.

Anchor tenants include Cancarb, Methanex, CF Industries, and Moduline.

Daily Traffic Counts
  • Trans-Canada Highway: 29,000
  • 10 Avenue NW: 1,860

Developers and Associations