How Will a UCP Government Affect the Commercial Real Estate Market?

Let’s do a quick flashback in time: May 5th, 2015: Alberta’s New Democratic Party won a majority government. May 6th, 2015: A blizzard punched Edmonton in the face. For those who thought the past four years was the winter of discontent, there was some vindication this past week as the UCP government won in advance[…]

A Floor Plan Is Worth a 1,000 Words

To show how powerful floor plans can be, take a look at this one and see if you can guess what famous office it illustrates (if you can read the names, that’s a big hint): If, like us, this simple floor plan got you reminiscing about one of the greatest shows in the history of[…]

Potholes in Edmonton’s Data Highway

We came across this week’s topic by accident. We initially set out to make a top 10 list of the highest assessed properties in Edmonton, when we noticed the following high profile properties not on the list: – Stantec Tower (10220-103 Avenue) – Rogers Place (10220-104 Avenue) – JW Marriott (10344-102 Street) We weren’t able[…]

Why is the Business License Process in Edmonton so Confusing?

(Edmonton) – On Monday we went with one of our clients to the City of Edmonton to assist them with getting a business license.  To our pleasant surprise, we had the business license in hand within 45 minutes of walking in. Our past experience had conditioned us to prepare for at least two hours, so[…]

A Tale of Two Countries: Canada vs US Commercial Real Estate

Yes, our Dickens inspired headline is truly cringe-worthy1. But it really does set up this week’s article quite nicely. That’s because in the US, pundits are tossing around terms such as “Retail Apocalypse” and “Dead Malls” in reference to the impact that e-commerce has had on bricks-and-mortar retailers. CNN and Business Insider have articles devoted[…]

2 Kids (Corporate Giants) Battle for the Sandbox (Edmonton Market Share)

Much has been made about Amazon’s recent announcement to build a 1M square foot fulfillment centre in Nisku. The story was covered extensively in the news, and Premier Rachel Notley publicly gushed that the facility will lead to hundreds of jobs (despite Alberta losing 15,500 jobs over Christmas). While it’s undeniably good news for the[…]

Ups and Downs: Q1 Commercial Real Estate Update

We’ve already covered some interesting territory this year. We went on a two-week bender about real estate investment analysis, only to cap it off (terrible pun) with a rant on the City of Edmonton’s draconian zoning bylaws. This week we’re getting back to the basics and providing a commentary on the market as a whole. Our[…]

You Can’t Fight City Hall – Especially in Edmonton

Steve1 leases a 300,000 square foot distribution facility in Northwest Edmonton.  The building consists of predominantly warehouse space, but it also includes an office area.  At one point, the office area was full with tech support, sales people and administration staff.  Unfortunately, recent company layoffs had reduced the amount of office the company required.  To[…]