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.

The Micro-Retail Opportunity - coming to a City near you!

Brick and mortar and e-commerce are like two circles of a Venn diagram, overlapping in their central goals of engagement, but forming separate concepts and strategies for a retailer. Conversely, Experiential Retail, Retail as a Service, and Micro Retail are more representative of building blocks, growing on top of each other to create a fully formed experience for the target retail customer. Read more about how these concepts are overlapping to create new opportunities in the retail asset class.

Amazon HQ2

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.

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.

Thought Leadership

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