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Invest Grande Prairie - Retail Market Analysis

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

PEACE RIVER

Statistics

STA East

Grande Prairie VALLE YVIEW

GRANDE CACHE

40

FOX CREEK WHITECOURT

43

Edmonton 16 2

Regional Trade Area Population - 295,079 Primary Trade Area Population - 176,833 Total Trade Area Spending - $3.7 billion Retail Sales Inflow - $446 million Average Household Income - $120,000 Median Age - 34 (Alberta - 33.7) Retail Demand - 3,937,040 sq. ft. Current Inventory - 3,822,101 sq. ft. Residual Demand - 1.06 M sq. ft. All figures are 2022 actuals (reflecting COVID-19 impact)

Calgary

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

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