Edmonton is seeing good growth for investor demand for commercial real estate properties.
Demand is high for industrial, commercial, and institutional land; residential land; and industrial assets; according to a report from Barclay Street.
“Investors are back and active in Edmonton’s commercial real estate (CRE) investment market in a meaningful way. Led by a resurgence of interest in ICI Land and an uptick in demand for Multi-Residential properties and Industrial assets, total dollar volume invested rose by 8% year-over-year,” said Barclay Street Real Estate vice president Doug Grinde.
The firm’s report on Edmonton CRE at 2018’s mid-point reveals a 31% year-over-year increase in the number of transactions at June 30th although these deals were generally smaller than those in the first half of 2017.
The total invested in the market’s Office, Retail, Industrial, Multi-Residential and ICI/ Residential land asset classes in the first six months of 2018, based on sales of at least $1 million, was $1.17 billion, a rise of more than $86.5 million compared to the same period of 2017.
The full report can be seen at BarclayStreet.com