How much warehouse you can buy today versus last year... sellers, take note.

While the transitions through business cycles can affect consumer confidence and create uncertainty in the financial markets, it’s important to realize we are still a long way off from 20% interest rates, and remain, at present, in historical low territory. Having said this, it’s obvious that a 3.25% increase in the BOC benchmark rate over just a 6-month period will have some tangible consequences. I am going to outline the facts behind affordability in the commercial real estate sphere compared to 12 months ago, and outline how this is affecting our owner/user clients (those who would occupy their own building) and our investor clients (who are looking for tenanted assets with a return on their money). Spoiler alert… property values are (gradually) eroding.

Investment, EconomicsBronwyn Scrivens, Omada CommercialOctober 11, 2022Inflation, Economics, Economy, Interest Rates, Alberta, Industrial, InvestmentComment

The Alberta Economic SWOT (silent W and T)

I’ve discussed at length the migration of industrial occupiers and capital investment into the Alberta market over the past 18 months due to the convergence of peak levels of demand, affordable development land, available warehouse space and unsustainable pricing in other major Canadian markets. As an industrial real estate broker, I get asked frequently if I’m seeing any slowdown in the industrial market due to increasing interest rates, inflation and lingering supply chain struggles. I’ll outline here why these local and global issues are having a much diluted effect on Alberta.

Alberta still pushing over $30 billion in major industrial projects with 2020 vision.

It’s easy to get bogged down in the negative news surrounding delayed pipelines, figurative and literal roadblocks, and absentee governance, but behind the veil, there are some outstanding developments, projects and innovations that are taking place all across Alberta.

Could Churchill Manitoba be the light at the end of the tunnel?

As it stands, Alberta’s prospects of delivering oil to tide water are grim, if not non-existent. Following the calamitous finale of the Energy East pipeline, and the mismanagement of the western Trans Mountain Pipeline, it seems that our one-customer energy policy could remain in effect indefinitely. But what if there was one more option to consider that could present significantly less inter-provincial conflict, potentially reduced cost outlays, plus economic opportunity for a struggling provincial economy. Would it not be worth investigating?

Development, Investment, EconomicsBronwyn Scrivens, Omada CommercialFebruary 3, 2019Pipeline, Oil & Gas, Energy, Green Energy, Manitoba, Churchill, Port, tanker, Canada, AlbertaComment

Turning Your Roof Into A Revenue Stream Through Solar Leasing

Around the world, a new stream of relatively passive revenue is benefiting the Landlords of commercial buildings. Read about one method that is mutually symbiotic in benefiting both the environment, and the bottom line, as countries around the world continue to take efforts toward transitioning the consumer’s reliance on energy to new renewable sources.

Canadian oil and gas production is among the greenest and most environmentally innovative in the world. So why are we not branding it this way?

Canadian oil and gas production has long since become the scapegoat of the modern energy contradiction. That is, many around the world are demanding a switch to green, renewable energy, calling for a complete elimination of the oil and gas industry, yet the data shows that global fuel usage from oil continues to grow year after year.

Technology, TrendsBronwyn Scrivens, Omada CommercialSeptember 16, 2018Oil & Gas, Energy, Green Energy, Alternative Energy, Market, Canada, Alberta, TrendsComment

The budding industry that is taking over Alberta

The cannabis industry has proven to be a game changer in states that have already gone through recreational legalization, and from what we are currently witnessing locally, there's no doubt that it is already having a tangible effect on our commercial real estate market here in Edmonton.

Investment, Market, TrendsBronwyn ScrivensJanuary 31, 2018Lease, Sale, Industrial, Trends, Cannabis, Edmonton, AlbertaComment

Why industrial businesses are looking outside of Edmonton's city limits

The strength of Edmonton's industrial market has a lot to do with the strength of the many surrounding markets that further support the City's industries and connect the communities as a whole. Have a look at this video clip where I discuss the strength of Edmonton's peripheral markets.

Market, Investment, TrendsBronwyn ScrivensNovember 17, 2017Edmonton, Alberta, Acheson, Sherwood Park, Leduc, NiskuComment

Edmonton commercial real estate market update, from yours truly.

Edmonton's third quarter was a quiet one in the industrial sector, as is often typical for the summer months, with a meaningful pick up entering into the fall months of September and October. If you're interested in learning more, check out this quick video clip where I discuss some of the factors at play among Tenants and Landlords, Purchasers and Vendors in our market.

Trends, Economics, MarketBronwyn ScrivensOctober 31, 2017cushman & wakefieldIndustrial, Marketbeat, Market, Economy, Alberta, Edmonton, Leduc, Nisku, Acheson, Q3, 2017Comment

The Tsuut'ina Nation Development Strives for Longevity

The Calgary Ring Road Agreement created opportunity for the Tsuut'ina First Nation to formulate a partnership that would bring about success, prosperity and longevity to their future generations. The fortunate developer of choice in what is now one of the largest first nation developments in Canada? Canderel.

The Economic Impact of Direct Flights

How much value do you place on the accessibility of a City when you think of its potential for growth and development?

Solar Viability in Alberta

What is the potential for solar power in Alberta and are we ready to make the transition?

TechnologyBronwyn ScrivensApril 10, 2017Technology, Edmonton, Alberta, Calgary, Real Estate, Commercial Real Estate, Solar, Alternative EnergyComment

Alberta's Major Projects

The Alberta Government hosts a website called majorprojects.alberta.ca that outlines the inventory of all private and public sector projects across the province that are valued at $5 Million and greater. Have a read here to see what's going on in Alberta.

Construction Cost Guidelines

Construction projects are made up of a combination of hard costs and soft costs that must be budgeted with accuracy in order to ensure the success of the project, but what is the difference between these hard and soft costs?

Thought Leadership

Bronwyn Scrivens, SIOR is a licensed real estate agent with: