Market Reports
Read our real estate Market Reports for authoritative and insightful comment and analysis on the business properties landscape and market.
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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
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