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Retail Market Analysis - December 2023

Page 1

City of Grande Prairie

Retail Market Analysis HIGH LEVEL

STA North

STA West

Grande Prairie is a vibrant, flourishing regional centre providing shopping and services for residents of Northwestern Alberta and Northeastern British Columbia.

FORT VERMILLION

FORT ST. JOHN HUDSON’S HOPE

PTA

MANNING

DAWSON CREEK FAIRVIEW BEAVERLODGE TUMBLER RIDGE WEMBLEY

Statistics

PEACE RIVER

STA East

Grande Prairie VALLE YVIEW

GRANDE CACHE

40

FOX CREEK WHITECOURT

43

Edmonton 16 2

Calgary

Regional Trade Area Population – 295,079 Primary Trade Area Population– 176,833 Total Trade Area Spending – $5.1 billion Retail Sales Inflow – $374 million Average Household Income – $120,000 Median Age – 34 (Alberta – 38.4*) Retail Demand – 3.94 million sq. ft. Current Retail Floorspace – 4.51 million sq. ft. Residual Demand – 1.06 million sq. ft. *2021 Census All figures are 2022 actuals (reflecting COVID-19 impact)

Drive Times & Distances

Trade Area Populations

Dawson Creek – 130 km (1.5 hr drive) Fort St. John – 200 km (2.25 hr drive) Edmonton – 450 km (4 hr drive time)

PTA – 176,833 STA West – 61,462 STA North – 26,420 STA East – 30,363

Join the growing list of retailers in Grande Prairie...


Future Retail (zoned commercial)

Grande Prairie Retail Opportunities

Existing Retail (zoned commercial)

West Terra 1 (North West Developments)

10

Trader Ridge (Cushman Wakefield)

10

Westgate Centre East (Wexford Capital LP 2 & Wam Development Group)

Northridge

11 Commercial Centre 11

Westgate Centre 3 West (Wexford Capital LP)

(KCM Commercial)

12

13

12

Prairie Ridge Centre (Artis)

13

Prairie Mall (Morguard)

14

Cobblestone Lane (Camgill Enterprises)

1

Vision West (Avison Young)

4 3 2 4

Centre West (KCM Commercial)

5

Melcor Crossing (Cushman & Wakefield)

6

South 40 (Avison Young)

7

Stone Ridge (Greentree)

Grande Banks (Prudential Lands)

6

5

14

15

Downtown Grande Prairie 15 (Grande Prairie Downtown Association)

16

16

Railtown & Tuscan Square

17

Resources Road (Avison Young)

8

18

Countryside Crossing (Prudential Lands)

9

19

Mission Estates (Camgill Enterprises)

7

17

8 9

19

18

Please enquire with Invest Grande Prairie for more details and investment opportunities in the City of Grande Prairie. investgrandeprairie.com

ecdevinfo@cityofgp.com

780-357-4969


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Retail Market Analysis - December 2023 by City of Grande Prairie - Issuu