It wasn’t so long ago that the Edmonton sub-markets of Nisku and Leduc were hailed as the oil and gas heartbeat of the Region. These industrial parks established themselves as the incubators for oil and gas manufacturers, service providers, fabricators, transporters, and many others, aiding in growing our Province’s resource production to all time highs. Edmonton is the capital of the North, but Nisku and Leduc are among the workhorses that allowed the real North to be developed.

If you've driven past or to the Edmonton International Airport (EIA) lately, you'll likely have noticed that it is a changing and growing landscape.  The EIA innovatively came up with a Master Plan for the future of the land surrounding the Airport that involved making available much of the Airport's under-utilized land for the purpose of commercial development by private companies.

This past week at the Edmonton Real Estate Forum, the Industrial Panel took a run at some of the huge challenges faced by industry in the Edmonton market due to the ever increasing property tax rates and reimbursement expectations from our Councillors.  With over 1.5 Million square feet of industrial product under construction this past quarter (Q1 2018) and the majority being located outside of Edmonton, what more can we say.

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.

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. 

It's safe to say that we are finally coming out of the trough of this current market cycle.  However, we have been witnessing something interesting happening within our industrial market, particularly between the multi-tenant and single-tenant product classes.  Click here to find out more.

Many clients call us looking for a "deal" in Leduc and Nisku based on what they are hearing about the state of the market, but are there really deals to be had?