Edmonton Commercial Mike Mack

Celebrating a Local Author’s Book Launch

We’ve explored some interesting topics this year relating to Edmonton’s commercial real estate market.  Our article about 4 Edmonton office towers that lost $163 million in value received a lot of attention, and to date has been our most popular article.  We’ve also researched more abstract topics, such as Blockchain technology and self-driving cars, and[…]

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Oil Prices and Edmonton’s Commercial Real Estate Market

Edmonton’s commercial real estate market is undeniably tied to the price of oil.  We illustrated this in September when we compared the price of oil over the past few years to the stock price of Melcor, which is a publicly-traded real estate developer with heavy exposure to Alberta.  You’ll see Melcor’s stock price was rising[…]

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A Book that Anyone Involved in Commercial Real Estate Should Read

If you’re involved in commercial real estate in any capacity, we’re recommending Re-Engineering Retail by Doug Stephens.  Even more broadly, if you’re curious about what the future of retail might look like, you’ll find some very interesting predictions in this book.  While the focus is on the future of the retail landscape, there are underlying[…]

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Will Whole Foods Change Their Minds About Edmonton (Again)?

Retailers, be afraid. If conquering the e-commerce industry wasn’t enough, Amazon is now coming after market share from physical brick-and-mortar retailers.  While retailers are scrambling to compete in e-commerce, Amazon is bringing the fight to them. Amazon started as an online book retailer in 1994 and is now an e-commerce conglomerate employing over 300,000 employees.[…]

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Will We Soon See a Floating Warehouse in Edmonton?

Walmart just filed a patent application to equip floating warehouses with package-delivering drones1.  Each mothership2 would hover 500′ above a city stocked with in-demand products.  When someone makes an order, the unmanned blimp would robotically pick the item and deploy a drone suitable to handle the payload.  Moments later, the drone delivers the package to your door,[…]

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Stantec Tower is an Edmonton Success Story

1947 was the year the first major oil reserve was discovered in the Edmonton region.  The site, which became known as Leduc No. 1, was the impetus for a major population spike in the 1950’s.  As word traveled that Edmonton was becoming the “Oil Capital of Canada”, many flocked to the region with big dreams[…]

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Industrial Market Update for Edmonton

If you’ve read any of our previous blog articles, you’ll know we like to post unique content that isn’t readily available in other places.  For example, we have written recently about electric cars and how they pose a long term threat to Alberta’s economy.  We have also written extensively about how Edmonton’s commercial real estate[…]

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To Buy or To Lease, That is the Question

Buying or leasing is a topic where people generally have very strong opinions.  Earlier this week we had a client say something to the effect of “I refuse to lease and watch all that money disappear“. Fair comment. After all, people often boast about how wise they were to purchase real estate (and presumably how[…]

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We Can’t Please Everyone

Last week we published a blog post on how Electric Vehicles (EV’s) have the potential to significantly impact the demand for oil (and consequently oil prices).  We had one particularly scathing comment that we wanted to address. The link to the original article is here, followed by the comment below: “You guys are so gullible…this[…]

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What Edmonton Looks Like From a Helicopter

If you’ve read any of our +150 posts, you’ll know we typically write objective articles about economic factors impacting the commercial real estate market in Edmonton.  For example, two weeks ago we wrote about the Edmonton Metro Region and the week before that we reported on the annexation process in south Edmonton. This week we’re[…]