The fire is believed to have started in the northern end of the building, in the roof space, above a butchery.
The fire activated an automatic sprinkler system which helped control the spread of fire before crews were able to extinguish the flames.
The Erindale Shopping Centre remains closed to the public.
Fire, smoke and water damage reported. No injuries sustained.
ACT Fire & Rescue remain on scene to ventilate the building and to conduct fire investigations.