While the industrial and commercial markets in Alberta have been far from a pretty picture, The North American industrial market as a whole has experienced a record-setting run, registering some of the strongest leasing tallies and tightest market conditions on record.  In particular, the industrial market in the United States, largely due to the huge growth in e-Commerce, has been unstoppable.   

After months, or rather years, of doom and gloom for the derelict malls that encompass huge swaths of land in our urban epicenters, a pathway has presented itself for the landowners of these properties.  One solution to the woes of these Class B and C malls is their conversion into warehouse space for the ever growing and expanding E-Commerce market.

As urban cities continue to grow in population and expense, and the availability of warehousing  space continues to diminish, developers are being forced to look at alternative options to counter increasing industrial land prices and lease rates.  The solution:  build upwards, not outwards.