Market Reports
Read our real estate Market Reports for authoritative and insightful comment and analysis on the business properties landscape and market.
Back to New ReleasesArchive
2013
Investment
Alberta’s economy continues to be one of the top performers in the country. In the monthof February, the province gained 4,200 jobs and employment was up 2.5% from the yearbefore. Unemployment rates remain steady at 4.5% provincially versus 7.0% nationally. Alberta’s YTD population increased by 3,931; a 3.0% increase from the previous year. The price of oil remained steady around $95.00/bbl. CPI inflation was at -0.5% in January, down from 0.0% in December, and by February it was up to 1.2%. The Canadian dollar at the end of the quarter was slightly below parity trading at $0.98.
2013
Office
Alberta’s economy continues to be one of the top performers in the country. In the month of February, the province gained 4,200 jobs and employment was up 2.5% from the year before. Unemployment rates remain steady at 4.5% provincially versus 7.0% nationally. Alberta’s YTD population increased by 3,931; a 3.0% increase from the previous year. The price of oil remained steady around $95.00/bbl. CPI inflation was at -0.5% in January, down from 0.0% in December, and by February it was up to 1.2%.
2013
Investment
CW EDM Reports Investment & News
As 2012 ended, Alberta continued to be a strong economic force driving the Canadian economy forward. In November 2012, the Alberta economy created 10,100 jobs following a gain of 5,000 in October and the unemployment rate dropped to a four-year low of 4.2% versus 7.2% nationally. In early January 2012, oil was trading close to $99 USD per barrel and ended December at around $90 USD per barrel, while the Canadian Dollar sat slightly below parity with the U.S. Dollar at $0.99 at the end of 2012. The economic outlook remains bright as the Alberta and Federal Canadian governments continue to push to expand Canada’s energy exports to new markets.
2013
Office
As 2012 ended, Alberta continued to be a strong economic force driving the Canadian economy forward. In November 2012, the Alberta economy created 10,100 jobs following a gain of 5,000 in October, and the unemployment rate dropped to a four-year low of 4.2% versus 7.2% nationally. In early January 2012, oil was trading close to $99 USD per barrel and ended December at around $90 USD per barrel, while the Canadian Dollar sat slightly below parity with the U.S. Dollar at $0.99 at the end of 2012.
2013
Retail
As 2012 ended, Alberta continued to be a strong economic force driving the Canadian economy forward. In November 2012, the Alberta economy created 10,100 jobs following a gain of 5,000 in October and the unemployment rate dropped to a four-year low of 4.2% versus 7.2% nationally. In early January 2012, oil was trading close to $99 USD per barrel and ended December at around $90 USD per barrel, while the Canadian Dollar sat slightly below parity with the U.S. Dollar at $0.99 at the end of 2012. The economic outlook remains bright as the Alberta and Federal Canadian governments continue to push to expand Canada’s energy exports to new markets.
2013
2013
Industrial
CW EDM Reports Industrial & News
Alberta’s economic growth surged in 2011, with GDP growth of 5.2%, and a 2012 forecasted rate of 3.2%. We continue to see this growth through the first three quarters of 2012. The booming oil and gas sector has fuelled employment throughout the province, creating 3,900 jobs, thus dropping Alberta’s unemployment rate from 4.6% to 4.4% over the month of August.
2012
2012
Office
Alberta's economic growth surged in 2011, with GDP growth of 5.2%, and a 2012 forecasted rate of 3.2%. We continue to see this growth through the first three quarters of 2012. The booming oil and gas sector has fuelled employment throughout the province, creating 3,900 jobs, thus dropping Alberta's unemployment rate from 4.6% to 4.4% over the month of August. Oil prices have remained below $100/bbl throughout the quarter and the Canadian dollar has remained slightly above parity.
2012
Investment
In 2011, Alberta’s economic growth surged, increasing by 5.2%. Alberta’s economy continues to show signs of strength in the second quarter of 2012 with a projected 3.2% increase in GDP for the year.
2012
Office
In 2011, Alberta's economic growth surged, increasing by 5.2%. Alberta's economy continues to show signs of strength in the second quarter of 2012, with a projected 3.2% increase in GDP for the year. Between April and May of 2012, total employment increased by 9,800 jobs in Alberta. Since June 2011, the Alberta job economy has expanded by a total of 84,500 positions.
2012
Retail
In June 2012, the average selling price of residential real estate in Edmonton was $342,014, increasing 3.2% over the year, while the price of a single-family detached home hit $393,471, its highest value in five years. MLS sales have experienced a 16.9% increase in the past 12 months, reaching $3.1 billion. This increase in demand will help drive the construction of approximately 9,000 new homes in Edmonton this year. Given the declining apartment vacancy rate, developers are also looking to build new rental properties.
2012
2012
2012
2012
Retail
Q4 2011 Edmonton Retail Marketbeat Report
2012 is expected to bring continued downward pressure on retail vacancy, which will approach just over 2%. Construction costs have stabilized
2012
Investment
Q4 2011 Edmonton Marketbeat Report
As a result of the improving economy, which we see continuing through 2012, an increase in activity is expected across all sectors of the real estate market.
2012
MultiFamily
2012 Edmonton Apartment Report
In 2012, as record low interest rates persist, purchasers will continue to covet multifamily investment. However, as global equity markets exhibit uncertainty, owners will remain reluctant to relinquish their apartment holdings.
2012
Office
As 2011 ended, Alberta continued to be a strong economic force driving the Canadian economy forward.
2011
Industrial
Fall 2011 Industrial Listing Report
For more information on any listing please contact one of our industrial team members at 780-420-1177.
2011
2011
Investment
The investment market in 2011 should continue to rebound from recent volume and sales lows of 2008 and 2009. We expect capitalization rates to remain relatively constant throughout the year and interest rates to stay at historic lows.
2011
Office
The Canadian economy remains strong despite the potential global turmoil on the horizon, buoyed by Alberta's prosperity and the strongest banking system in the world. Alberta's economy remains strong as oil demand and prices remain steady. As of September 22, 2011 West Texas Intermediate crude traded at $80.67 USD per barrel and the Canadian dollar at $9.97 USD.
2011
Office
The Alberta and Greater Edmonton economies continue moving in a positive direction as the recovery from the global downturn continues. The Canadian dollar maintainsits hold over the US dollar at $1.03, despite a four-month low in oil prices. As of July 4, 2011, oil prices closed trading at US$95.42/bbl, down 10% from last quarter and the biggest uarter loss since the fourth quarter of 2008 following the collapse of the Lehman Brothers in September of that year.
2011
Retail
Beat On The Street
The first half of 2011 saw significant new development activity supported by improved consumer confidence. Favourable lending rates and lower construction costs (both of which are inevitably set to rise) have resulted in many projects breaking ground. The proposed downtown arena is one step closer to becoming a reality after the funding framework was announced. This will generate a tremendous amount of commercial growth in the new entertainment district.
2011
Industrial
Industrial building permits in the City of Edmonton carried a value of $1,355,900 year to date as of February 30, 2011, which is down slightly from the $3,940,800 in the corresponding period of 2010. This figure is expected to surpass last year.s as we will see a number of new developments breaking ground in the second and third quarters of 2011.
2011
Investment
The Alberta and Greater Edmonton economies continue to gain strength as the global economy recovers from the worst economic downturn of the twenty first century.
2011
Office
The Alberta and greater Edmonton economies continue to gain strength as the global economy recovers from the worst economic downturn since the 1930s.
2011
MultiFamily
Look for increased sales volume in 2011 as purchasers, flush with low interest mortgage funds, become aggressive in attempts to acquire coveted multifamily investments.
2011
Industrial
Edmonton's industrial market was stable during the second half of 2010, and is expected to continue moving in a positive direction going into 2011. Industrial building permits in the City of Edmonton carried a value of $11,958,900 in the month of November, which is up slightly from the $10,109,500 in the corresponding month of 2009.
2011
Office
The Alberta and Greater Edmonton economies continue to gain momentum as the global economy continues to recover from one of the worst economic downturns in history. The Canadian dollar rose to parity with the US dollar once again on January 6, 2011, reflecting a weakening US dollar and stable rising oil prices.
2011
2011
"The majority of the second half of 2010's leasing activity was characterised by the continued organic growth and stability of local independent retailers. Unlike other sectors of Edmonton's commercial real estate landscape, vacancy in retail was more or less negligible.
2011
Investment
As a result of the improving economy, which we see continuing through 2011, an increase in activity is expected across all sectors of the real estate market.
2011
MultiFamily
2011 Edmonton Apartment Report
“Increased spending and activity in the Alberta oil sands will lead to new growth in capital region businesses. This should lead to lower unemployment, higher wages and low vacancy in the Edmonton area.”
– Raphael Yau, Partner
2010
Industrial
For a complete market review and additional reports of all aspects of the commercial Real Estate Market Place including OFFICE, RETAIL, INVESTMENT, MULTI-FAMILY AND INDUSTRIAL COMMERCIAL REAL ESTATE.
2010
Industrial
Edmonton's industrial market continues moving in a positive direction going into the last quarter of 2010. Industrial building permits in the City of Edmonton carried a value of $13,146,000 in the month of August which is up dramatically from the $490,000 in the corresponding month in 2009. Total industrial building permits to date this year as of August 31, 2010 carried a value of $79,304,800.
2010
Office
The Alberta and Greater Edmonton economies continue to regain strength as the global economy maintains its slow recovery from one of the worst economic downturns. The Canadian dollar rose to an eight week high of 98.41 US cents after it hit parity with the US dollar on April 6, 2010 reflecting a weakening US dollar and rising oil prices, which also hit an eight week high reaching US$81/bbl due in part to the decline of commercial crude inventories.
2010
Investment
The Alberta and Greater Edmonton economy has improved in recent months as the global economy has stabilized.
2010
Retail
Beat On The Street
The first two quarters of 2010 have provided well-financed local businesses better opportunities to locate in Triple A retail space.
2010
Office
The economies of Alberta and Greater Edmonton continue to gain strength as the global economy recovers from the worst downturn since the Great Depression. As expected, during the last quarter the Bank of Canada increased the prime interest rate by 0.25%; however, it is important to note that rising long-term interest rates are actually a signal of economic strength, which in turn is beneficial to real estate across the country.
2010
Industrial
The economies of Alberta and Greater Edmonton continue to gain strength as the global
economy recovers from the worst downturn since the Great Depression.
2010
Investment
As a result of the improving economy, which we see continuing through 2010, an increase in activity is expected across all sectors of the real estate market.
2010
Industrial
The economies of both Alberta and Greater Edmonton improved in recent months as the
global economy stabilized. Interest rates are on the rise however they continue to keep the
cost of borrowing down for both businesses and households.
2010
Office
Beat on the Street
“In most cases tenants have lots of choice and are taking advantage of well developed and affordable head lease and sublease opportunities” - Shane Asbell, Partner Cushman & Wakefield Edmonton
2010
MultiFamily
Beat On The Street
“Vendors who are contemplating selling have more reasons to do so, as rents and vacancies have stabilized and market pricing has settled within a digestible cap rate for both vendors
and purchasers. The risk to both parties in the upcoming year is a return to normalized
interest rates, which will affect a purchaser’s return on cash and put upward pressure on cap
rates.”
–Raphael Yau, Associate Partner
2010
Investment
Beat on the Street
"Although 2009 was a tough year for Commercial Real Estate, we feel there is positive momentum for all sectors for 2010".
2010
Industrial
The economies of both Alberta and Greater Edmonton improved in recent months as the global economy stabilized. Low interest rates continue to keep the cost of borrowing down for both businesses and households. Housing starts in Alberta were up 54.9% in November 2009 compared to November 2008, although year-to-date housing starts in Alberta declined 35.6% compared to year-to-date in 2008.
2010
Retail
Q4 2009 Edmonton Retail Marketbeat
BEAT ON THE STREET
The last half of 2009 witnessed limited new retail centre development, largely due to the lack of national tenant interest and the continued short supply of debt capital. Grocery-anchored projects received much of the leasing attention, albeit primarily from regional and local tenants.
2010
Q4 2009 Edmonton Office Market Report
BEAT ON THE STREET
"Despite the recent economic slowdown, the Edmonton Office market remains relatively stable."
2010
MultiFamily
A modest economic recovery in the second half of 2009 should set the tone for 2010. With renewed optimishm and availability of investment alternatives, owners will be more likely to consider cashing out by vending to the numerous purchaser eagerly waiting for an opportunity to jump into the market. Look for stabilized cap rates and increased sales volume.
2010
MultiFamily
Beat on the Street
Vendors who are contemplating selling have more reasons to do so, as rents and vacancies have stabilized and market pricing has settled within a digestible cap rate for both vendors and purchasers. The risk to both parties in the upcoming year is a return to normalized interest rates, which will affect a purchaser's return on cash and put upward pressure on cap rates.
2010
Retail
Cushman & Wakefield Edmonton’s Retail Team leased 434,046 square feet in 100 transactions in 2009. View listings for Winter 2010!
2009
MultiFamily
Beat on the Street
“Sales volume will continue to be low until
vendors find a compelling reason to sell—that
is, an attractive way to invest the proceeds of a
sale—or until purchasers begin to offer prices
vendors can’t refuse.”
2009
Industrial
The Alberta and Greater Edmonton economy has improved in recent months as the global economy stabalized. Major indexs across North America are up more that 45% from the lows of Spring 2009.
2009
Office
Q3-2009 Edmonton Office Market Report
BEAT ON THE STREET
"Government departments had limited appetite for office office space in Q3 - anticipate this to carry over through 2010"
2009
Industrial
Q2 2009 Edmonton Industrial Marketbeat
The global economic slowdown and decrease in capital availability continue to affect the Edmonton economy. These factors were the primary cause for decreased economic activity in Edmonton in the first half of 2009. Despite these pressures, Edmonton has not been as adversely affected as many other centres in Canada or around the world.
2009
Office
Q2-2009 Edmonton Office Market Report
BEAT ON THE STREET
The initial shock of the sharp economic downturn has eased. Tenants are now poised to take advantage of the many opportunities that will be available in the coming months
2009
Retail
The global economic slowdown and decrease in capital availability continue to affect the Edmonton economy. These factors were the primary cause for decreased economic activity in Edmonton in the first half of 2009. Despite these pressures, Edmonton has not been as adversely affected as many other centres in Canada or around the world.
2009
2009
Industrial
Q1 2009 Industrial Marketbeat Edmonton
Alberta’s economy registered growth of 1.5% in 2008 down from an average of 3.5% and is expected to contract by 0.2% in 2009 as a result of the continued global economic downturn.
2009
Industrial
Q3 2008 Industrial Marketbeat Edmonton
Investment in Alberta will continue this year despite economic pressure from the financial and credit markets crisis in the Us. and Europe
2009
Industrial
Q2 2008 Industrial Marketbeat Edmonton
The overall economy is currently driven by the increasing demand for oil and gas production. In May 2008, the price of crude oil hit a record high of US$135 per barrel, which is double the price per barrel one year ago.
2009
Industrial
Q1 2008 Industrial Marketbeat Edmonton
The Edmonton industrial market is finally beginning to stabilize after much strong growth over the previous years. This is not a slow down in the market by any means, but sharp spikes in the land values and leas reates will not be as prevalent in 2008.
2009
2009
Retail
Alberta has seen tremendous population growth from 1996 to 2006 showing a 21.5% increase, whereas overall population growth in Canada was only 10.3%. Population in Greater Edmonton was expected to have reached 1,094,000 by the end of 2008.
2009
2009
MultiFamily
A disconnect persists between vendors and purchasers in the Edmonton multifamily market as prices continue to stabilize and uncertainty saturates the economy in general. Though the northern Alberta economy has not felt the full brunt of the subprime mortgage crisis spreading turmoil across North America and around the globe, it has certainly slowed. Alberta is not immune when one considers that oil that traded at $145 a barrel this past summer now trades at a third of that level.
2009
2008
2008
MultiFamily
There is still a disconnect between vendors and purchasers in the Edmonton multifamily market as prices continue to stabilize. While the subprime mortgage crisis spreads turmoil across North America in general, the northern Alberta economy has been relatively insulated due to the continued economic development of the oil sands and natural gas reserves. That said, Alberta is clearly not altogether immune when one considers that oil that traded at $145 a barrel three months ago now trades below $80.
2008
2008
Retail
C&W Edmonton Retail Report - Summer
Retail Vacancy Rates (est) 3.0%; Lease rates (CRU) $32.00 - $34.00/sq. ft.; Lease rates (Pads) $40.00/sq. ft.; Average house price (June 2008) $340,499.
2008
Retail
The Edmonton Retail Marketplace continues to be extremely strong. Retail sales at the end of 2007 were a 9% increase over 2006, which is one of the strongest increases in Canada. Vacancy rates continue to decline with overall vacancy at 3.3% at the end of 2007 and 3.0% in June 2008. This is down from 4.76% in 2005. Today there is less then 800,000 sf of vacancy in the market place.
2008
2008
2008
2008
2008
Retail
C&W Edmonton Retail Report - Winter
The surburban communities continue to show excellent residential growth; retail sales up 10.3% in 2007; land pricing continues to increase throughout the city in 2007; vacancy rates continue to decline in all sectors of the market; Cushman & Wakefield Edmonton sold $39,000,000 in shopping centres in 2007; Cap Rates have stabilized after a five year continual decline; and mortgage market changes will see Cap Rates moderating in 2008.
2007
2007
2007
Retail
C&W Edmonton Retail Report - Annual
The Financial sector including Royal Bank, Soctia Bank, Bank of Montreal and Alberta Treasury Branch were very active in 2006 and have numerous planned openings in 2007. The Drug Store sector led by Shoppers Drug Mart and Rexall will both open numerous new locations in 2007. The new Dairy Queen Grill & Chill has been very well recieved with numerous planned openings in 2007. Lease rates in new Food Anchored centres approached $30 net in line and for pads in excess of $36 in 2006. Enclosed mall Rental Rates are at all time highs in the Edmonton region.
2007
2007