Edmonton’s commercial market exhibits sustained strength – analysis

Edmonton’s commercial market exhibits sustained strength – analysis

Edmonton’s commercial market exhibits sustained strength – analysis

A fresh study by the Altus Group has found that total investment volumes in the Edmonton commercial real estate segment grew to $2.89 billion in 2017, marking the second consecutive year-over-year increase in this metric.

In its “Edmonton Flash Report 2018”, Altus stated that the retail sub-segment was the most significant contributor to this volume, accounting for $586 million in investments over 136 transactions in 2017.

This was in contrast to the industrial sector, which declined by 14%, although it remained the second highest sub-segment in terms of overall property sales volumes.

Read more: Tax hikes might drive businesses away from Edmonton

In terms of absolute dollar value, Edmonton’s office sector exhibited the largest year-over-year growth in volume, posting a nearly three-fold increase to $425 million in 2017.

Q1 2018 was both the retail and industrial sectors’ strongest quarter since Q1 2013, according to the Altus study.

 

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