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Edmonton Shopping Malls Have Slight Decrease in Sales

Considering the unprecedented rise of e-commerce options, coupled with the worse provincial recession in decades, one might think that retail sales have plummeted.   However, there’s recent data from the Retail Council of Canada that suggests shopping malls have weathered the storm quite well. Southgate Centre, West Edmonton Mall, Kingsway Mall, Edmonton City Centre and Londonderry[…]

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Marijuana and Edmonton Commercial Real Estate: Part Two

Last week we wrote an article about how the forthcoming legalization of marijuana could have a big impact on Edmonton’s commercial real estate market.  A number of high profile projects are already underway, and the total footprint of marijuana growers occupying industrial real estate in Greater Edmonton will exceed one million square feet before marijuana[…]

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[…]