Cushman & Wakefield Quarterly Marketbeat Reports - Q1 2017
Cushman & Wakefield recently released their 1st quarter market statistics for the Greater Edmonton Area. Have a look at the Marketbeat reports and corresponding videos to get a broader understanding of the trends and transactions that have occurred through the previous quarter and what the expectation is as we finish the first quarter of 2017. If you would like additional information on any of these reports or markets, please contact Bronwyn Scrivens of Cushman & Wakefield Edmonton.
Cushman & Wakefield Edmonton's Associate Zeshan Qureshi talks about industrial leasing and sales for Edmonton's first quarter. Zeshan discusses the positivity in the Edmonton market, especially in Nisku and Leduc, as a result of improving market conditions. Rates remain lower, land sales are starting to pop up, and spec builders are back in the market.
"Improvement in the industrial market depends on the fortunes of the overall Albertan economy, and will likely lag an economic recovery."
Cushman & Wakefield Edmonton's Associate Afsar Khurshed talks about investment sales for Edmonton's first quarter. Afsar discusses the comparative advantage to investing in Edmonton over other gateway cities, such as Toronto and Vancouver, highlighted the diverse asset class that is available.
"Sales in Q1 2017 reflected increased economic optimism and expectations within Alberta. With over $735,000,000 in sales over $1,000,000, this quarter is outperforming the same period of 2016 by at least double the sale value."
Cushman & Wakefield Edmonton's Senior Associate Neil Smith talks about office leasing and sales for Edmonton's first quarter. Join Neil as he speaks about growth in the financial downtown core, the nature of our "musical chair" market, chronic vacancy, and the importance of the visibility of your product.
"Q1 2017 is expected to be the last quarter to show high rates of negative absorption for the foreseeable future, although a lower rate is expected for the remaining quarters in 2017"