Within the last quarter, Edmonton has seen:
Continued stabilization in demand for office space as return-to-work plans were put on hold due to the 4th wave and return to office plans are being contemplated again by governments and large tenants.
Continued strengthening in the industrial sector and rural industrial markets,
Consistency and reduced cap rates in retail markets as restaurants and other businesses regain strength and demand comes back,
Increased strength in demand for multi-family properties as cap rates move lower and rents move higher. Anecdotal evidence is supporting a number of purchasers being from Vancouver and Toronto in this market segment, as they see better value in Alberta.
Please let me know if there’s any questions we can help you answer around real estate in Northern Alberta.