What a ride 2023 has been so far for businesses across the province and beyond! The sheer scale of compounding factors being vollied at companies as they try to regain balance and grow their income is farsical. How does anyone project into the future and plan for growth, or perhaps conservation, when so many opposing factors are at play. I’ve outlined Five Takeaways that we are seeing play out in the industrial asset class, from leasing, to sales, construction costs to trends and opportunties.

While activity has stayed fairly constant with regard to tenant/purchaser requirements and listings, the deal flow has been slow as most companies continue to have a low risk tolerance in Alberta. Add to this the much anticipated Federal election expected in October of this year, and there has been a mentality of hurry up and wait…until there is a change up federally that is.

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. 

As we near the midway mark of 2017, it's been exciting to see the changes to our Downtown Skyline as existing development projects near completion, while others break ground and continue to mold our core.

More and more frequently, especially with more technologically apt Tenants and Purchasers, I am being asked the question, "Does this property have fibre?".  I had to look into this to find out what all the fuss was about...

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?