A Single Number is Driving Edmonton’s Industrial Real Estate Market

We’ve written extensively about how Edmonton’s commercial real estate market is directly linked to the price of oil.  This week, we’re going to be even more specific and show how Edmonton’s industrial real estate market is hinged to the price of Canadian oil prices (Western Canadian Select). First a bit of background: oil prices, when[…]

Oil Prices have Increased 70% in the Past Year

Hillary Clinton is not President of the US, and Amazon did not choose Edmonton for it’s first western Canadian fulfillment centre.  While we struck out on those two guesses, we also predicted back in November that oil would hit $70 / barrel sometime this year (which it did this week, marking a 70% increase since 2017).   While we were wrong[…]

Don’t Forget Your Tools – A Short Story on Crime in Edmonton’s Industrial Parks

Crime and No Punishment A Story With a Bad Title and a Sad Ending Last month, a construction worker parked his truck in a fenced yard compound behind his company’s building.  While he had parked there countless times before, that night was the first time he forgot to take his tools.  It turned out to[…]

Edmonton Misses Out on Amazon Distribution Centre

A few months ago we made a prediction that Amazon would be looking to open a distribution centre in Western Canada, and outlined why we thought Edmonton would be a great choice (ie/ CN Rail mainline from both the Vancouver and Prince Rupert Ports, CP Rail planning a large intermodal yard with excellent access to[…]

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,[…]

Oil Falls to a 1 Month Low but Hope Abounds

Oil prices recently rose above $50 / barrel after OPEC announced intentions to cut production.  Those gains appeared to be short-lived, however, as prices have since dropped more than 10%, primarily as a result of a record weekly build in U.S. crude inventory.  As has often been the case during the oil price slump, we[…]

Industrial Sales Data for the Past 5 Years

We compiled sales data for the past five years to give a trend on industrial sales activity in Edmonton.  2013 was a notable year with 129 industrial properties selling for more than $600 million in aggregate value.  As most people are painfully aware, oil prices started falling in the fall of 2014 and the transaction[…]

Edmonton Commercial Permits and Business Licenses Rise Over Last Year

The City of Edmonton just released its report on the number and value of building permits issued in the third quarter of 2015.  Of note, non-residential permits dropped 6% from the previous quarter.  Non-residential generally refers to commercial, industrial, government and institutional.  Most of the drop was attributed to declines in institutional and governmental as[…]

SOLD:For Sale: 3,600 sq ft building on 0.89 acres

22032—113 Avenue, Edmonton, AB • Free standing building on 0.89 acres (more or less) • Additional 4,500 sq. ft. quonset • 2005 construction, partial cement block construction • Close proximity to Hwy 16, 16A and Anthony Henday • Large, fully lit, graveled yard Full Brochure Our TeamRecent Posts Articles Industrial Are Large Oil Companies in[…]

SOLD: 37,000 Square Feet on 2.87 acres For Sale

6407-20 Street Highlights: 37,000 sq. ft. building on 2.87 acres with potential for CN rail access Designed for future expansion Quick access to Anthony Henday, Whitemud Drive and Sherwood Park Freeway Interior and exterior cranes (with craneways) and additional jib cranes throughout Yard is fenced and paved / gravel compacted Heavy power Available Area: 37,000[…]