Air cargo represents the transportation of goods by… you guessed it, air. Many are unaware that nearly every passenger flight is carrying some freight along with the passengers and their baggage. In fact, about half of all air freight was transported in passenger planes. During the past two years however, passenger flight volumes drastically decreased, while simultaneously cargo volumes drastically increased, to a point where cargo contributed to 49% of all airline total revenue in 2020. The Edmonton International Airport has played a major role in the growth of air cargo logistics in the region, and has been a key contributor and leader in the Port Alberta logistics and manufacturing hub.

The catchphrase of the moment is proving to hold its weight as we analyze commercial real estate trends leading into the new year. Canada’s Multifamily market is the strongest it’s ever been with rental rates nearing 10-year highs, apartments near 100% occupancy, and volatility remaining low. On the industrial front, demand for fulfillment space continues to reign supreme to satisfy the multiplying growth metrics in e-commerce.

In an article published today by the Financial Post, Earnest Research has analyzed debit and credit transaction data to reveal that 89% of all holiday spending, beginning after American Thanksgiving and ending at Christmas, was captured by the retail giant Amazon.  The close second?  Wal-Mart at a whopping 4.4%.  

It's no secret that Amazon released a Request for Proposals last week to determine the location of their new headquarters - HQ2.  Every major City is jumping at the opportunity to have a company of this magnitude enter their market, to say nothing of the billions in capital expenditure and thousands of jobs created.   Take a look at what their top decision drivers are here.