Edmonton has 2 of the Top Malls in Canada

The Retail Council of Canada recently released a report focusing on shopping malls in Canada.  They used the metric of sales per square foot (total sales divided by the total square footage of the building) to show which malls across the country were the most productive.  Interestingly, Southgate was the top in Edmonton, and finished in the top 5 across Canada with sales per[…]

State of Edmonton’s Industrial Market

Oil prices continue to be under pressure and the International Energy Agency recently reported on a glut of excess supply.  As of mid-week, oil prices are trading below $44 / barrel (WTI:$USD).  As we are now approaching the two year mark since oil prices began dropping, the vacancy rate for industrial properties in Edmonton has[…]

Warehouses Ceiling Heights by the Numbers

Warehouse ceiling heights have continuously risen over the past few decades. Many of the buildings constructed in the 1980’s featured a clear ceiling height of +/- 20′. For clarity, clear ceiling height is generally regarded as the height below any joists, trusses or lighting. In other words, it’s the maximum functional height that a company[…]

How We Will Help You Lease or Purchase a Commercial Property

We Work For You We are dedicated to working strictly in your best interests. In fact, if we work together in an agency relationship, we owe you a number of fiduciary obligations, including: Loyalty, confidentiality and of full disclosure of all conflicts of interest that may arise Disclose, in a timely manner, all relevant facts[…]

How and Where to Obtain Business Licenses and Permits in Edmonton

If you run a business in Edmonton, it is imperative that you’re familiar with your business classification under the Business License Bylaw and your building’s classification under the Zoning Bylaw. In fact, we get asked about the business license process so often that we wrote this article to help give insight on the topic.  […]

Comparing Edmonton Property Taxes to Surrounding Municipalities

Following up on last week’s article about the shift in Edmonton’s tax rates from 2010 to 2015 (see original article here), we had a few requests to see how property taxes compared across the region. While most municipalities make it fairly simple to find the tax information, a few were rather technologically inept, so we[…]

Facts on Edmonton Property Taxes

The City of Edmonton has 376,560 total properties it formally assesses, comprising 352,567 residential properties and 23,993 non-residential (including multi-family).  Even though residential properties make up nearly 94% of the number of total properties, the taxable assessed value tells a different story.  Of a total of $172.3 billion, residential amounts to $115.6B compared to $56.7B for[…]

Understanding Income Property Values

MORE THAN JUST A “CAP” RATE Properly assessing a commercial investment property’s value is a complex and lengthy activity. Due to the time consuming nature of the process, the temptation is to simply apply the prevailing cap rate in the market to the potential net operating income. The problem with this basic calculation is that[…]

Industrial Logistics: Shipping and Receiving

Shipping and receiving is an integral component of a company’s logistics and supply chain management. Most industrial buildings can accommodate cube vans and small trailers but there may not be adequate clearance for larger vehicles. Full-sized truck and semi-trailer combinations are now approaching 89’ in total length, making it difficult – if not impossible –[…]