Five features of Edmonton’s industrial market rounding out 2023.

What a ride 2023 has been so far for businesses across the province and beyond! The sheer scale of compounding factors being vollied at companies as they try to regain balance and grow their income is farsical. How does anyone project into the future and plan for growth, or perhaps conservation, when so many opposing factors are at play. I’ve outlined Five Takeaways that we are seeing play out in the industrial asset class, from leasing, to sales, construction costs to trends and opportunties.

Market, Trends, EconomicsBronwyn ScrivensOctober 25, 2023trends, manufacturing, Lease, Sale, construction, alberta, edmontonComment

Temperature Controlled Facilities and the Cold Supply Chain - investors are taking note.

Over the past few years, investors have taken an increased notice in the temperature controlled real estate sector, expanding both their build-to-suit developments, as well as those speculative in nature. The ever-growing demand for fresh food on a global scale, in addition to the storage requirements for temperature-sensitive pharmaceuticals, has created a uniquely desirable asset class, showcasing currently its added benefit of being relatively recession proof.

Three Tech Movements in Building Construction

Technology is impacting the construction industry like never before. An impressive lineup of developments are aiming to improve the efficiencies of a sector that shapes how every human being is able to live their lives.

Alberta's Major Projects

The Alberta Government hosts a website called majorprojects.alberta.ca that outlines the inventory of all private and public sector projects across the province that are valued at $5 Million and greater. Have a read here to see what's going on in Alberta.

Construction Cost Guidelines

Construction projects are made up of a combination of hard costs and soft costs that must be budgeted with accuracy in order to ensure the success of the project, but what is the difference between these hard and soft costs?

Thought Leadership

Bronwyn Scrivens, SIOR is a licensed real estate agent with: