top of page
Search

Edmonton Market Summary Report - 2022 - Q2

Updated: Mar 29, 2023

Within recent quarters, Edmonton has seen moderate increases in industrial rental rates, and a return in people seeking retail and office space as return-to-work plans are implemented. The largest story in the City is related to multi-family asset classes.

· Units under construction increased from an average just under 3K from 2015 to 2019, to an average over the last two years near 4.5K.

· Rents have increased for most multi-family assets and are expected to remain strong until 2024 when net deliveries of buildings currently under construction will come to market.

· Cap rates have begun to increase in recent months after bottoming out in the second quarter.


Please let me know if there’s any questions we can help you answer around real estate in Northern Alberta.


Market Summary Report - 2022 - Q2
.pdf
Download PDF • 849KB

27 views0 comments

Recent Posts

See All

Edmonton Market Summary Report - 2023 - Q2

As borrowing and construction costs rise, builders are rethinking projects and deal volume has reduced for some asset classes as the spread between asking and bid prices widens. Rental rates are risin

Edmonton Market Summary Report - 2022 - Q4

As borrowing and construction costs rise, builders are rethinking projects as 2022 comes to a close. Rental rates are rising in both the Industrial and market segments as low levels of vacancy strengt

Edmonton Market Summary Report - 2022 - Q3

Market uncertainty seems to be on everyone's mind these days as investors wait to see how interest rate increases will impact pricing. The largest story in Edmonton is the nominal changes in values we

Comments


bottom of page