Edmonton Real Estate Market

[archited]

Good Find @thommyjo! What happened? or as the Greeks say τι συνέβη... looks like another project tailor-made for Beljan.

 

[IanO]

https://www.linkedin.com/in/nicholas-hrebien-41386285?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAABIaJc8BmsNk_Xg4aZhjHhoqX0nr8FuMHNA&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3Bl7nnW7X3TRWnFZSoM%2BaW9Q%3D%3D

 

[occidentalcapital]

of interest: Industrial absorption YTD to Q2:

(https://www.cbre.ca/insights/figures/canada-industrial-figures-q2-2023)

 

[JuliallThat]

of interest: Industrial absorption YTD to Q2:

View attachment 490389
(https://www.cbre.ca/insights/figures/canada-industrial-figures-q2-2023)

Why is Edmonton's industrial growth so high? What sort of developments are we seeing atm that are having such a large impact?

 

[David A]

of interest: Industrial absorption YTD to Q2:

View attachment 490389
(https://www.cbre.ca/insights/figures/canada-industrial-figures-q2-2023)

Thanks, that is good to know, the Cushman Wakefield summary just above seems to have somehow totatlly missed Edmonton, despite its strong industrial performance.

 

[David A]

... but on a more positive note, they have an Edmonton office vacancy rate quite a bit lower than what has been mentioned in the media in recent days.

 

[occidentalcapital]

Why is Edmonton's industrial growth so high? What sort of developments are we seeing atm that are having such a large impact?

Amazon, Home Depot, The Brick/Leon's

and a few others

 

[chrisvazquez7]

Also not sure if this would be counted, but there are two multi-billion dollar industrial projects in east Edmonton that just started construction recently. Imperial Oil’s renewable diesel refinery at Baseline/34 Street, and Air Products’ hydrogen plant being built on Sherwood Drive north of the Yellowhead.

 

[northlands]

Also not sure if this would be counted, but there are two multi-billion dollar industrial projects in east Edmonton that just started construction recently. Imperial Oil’s renewable diesel refinery at Baseline/34 Street, and Air Products’ hydrogen plant being built on Sherwood Drive north of the Yellowhead.

Is it the renewable diesel refinery that is being built where the old Texaco (I think?) refinery was, just south of Baseline Rd from their Strathcona refinery?

 

[Airboy]

Is it the renewable diesel refinery that is being built where the old Texaco (I think?) refinery was, just south of Baseline Rd from their Strathcona refinery?

Yes that is it, And I believe that was a Shell Refinery once. before the Ft Sask one. The Air products plant I believe is underway now as well. Just south of Auram road.

 

[TAS]

Can't believe promos for Edmonton across Canada don't highlight this more given how affordability is a huge issue.

But if it was, I guess we wouldn't be as affordable.

 

[Gronk!]

Can't believe promos for Edmonton across Canada don't highlight this more given how affordability is a huge issue.

But if it was, I guess we wouldn't be as affordable.

View attachment 492224View attachment 492225

So there are there 403 listings under $200K in downtown Edmonton?
I'm thinking Ximena should be more clear on this.

 

[TAS]

So there are there 403 listings under $200K in downtown Edmonton?
I'm thinking Ximena should be more clear on this.

I thinking not just downtown, but within the yellow boundary on the map.

 

[thommyjo]

So there are there 403 listings under $200K in downtown Edmonton?
I'm thinking Ximena should be more clear on this.

Depending how much you zoom in and out, it “clusters” the listings into pins with numbers. Based on the other pins, the central 403 one is likely most of central Edmonton, including downtown up to 118ave and south until the whitemud. Across all the old apartments in our mature communities, that number checks out easily.

 

[IanO]

Supply and demand in its most basic form.