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[…]

Canada’s 100th Costco Opens at the Edmonton International Airport

Costco has opened its 7th location in the Edmonton region, and at 154,000 square feet it will also be the largest.  While Costco members are undoubtedly happy to have another location to shop at, what we find particularly noteworthy about this new location is the vote of confidence for the Leduc / Nisku region. For[…]

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[…]

Nisku / Leduc sees a 9% Decline in Prices

Following up on an article we did in January (Industrial Vacancy in Nisku / Leduc), we added to our market research with a list of industrial properties that have sold dating back to 2014. While there still might be data for sales trickling in for 2015, the following chart shows a considerable drop off in[…]

Industrial Vacancy in Nisku / Leduc

With the price of oil flirting with 12 year lows, it will likely come of little surprise that the industrial market in Nisku & Leduc has come under some considerable pressure.  We recently put together a list of properties currently listed in the area.  Of interest, there are currently 34 properties for lease comprising over[…]