CALGARY – The high amount of leasing activity in 2013 in the Calgary industrial real estate market is a strong indicator of healthy demand which will continue to consume vacant product, says a new report by Colliers International.
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The tax bill on commercial and industrial properties in Okotoks will go up next year.
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The industrial sector in Canada’s real estate market is ripe for investment in 2014, as the logistics and distribution segment is expected to see strong demand resulting from growing international retailers and e-commerce.
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The Red Deer industrial real estate inventory grew by about 3.1 per cent last year to more than 12.5 million square feet, but that growth didn’t increase the vacancy rate.
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EDMONTON – It’s like a slice of the rustic Appalachian backwoods, plopped down within Edmonton’s city limits.
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High Plains Industrial Park in east Balzac received Rocky View County council’s stamp of approval for stage three of expansion, July 30.
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Calgary, Edmonton and Fort McMurray are experiencing a surge in industrial real estate demand, with land prices hit eye-popping levels.
Cushman & Wakefield reports that Calgary has seen take up of 408,000 square feet of new industrial space in the first quarter of 2013, and the outlook is positive.
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The road to a new Event Centre may have hit a speed bump following concerns raised by the city’s three large industrial operators regarding the Box Springs Area Structure Plan.
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The cost of industrial space in the Fort McMurray area keeps climbing, and now sits at close to $50 per square foot annually in some projects, according to Colliers International. In comparison, prime industrial lease rates in Vancouver and Calgary are in the $15 to $20 per square foot range.
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CALGARY — All signs are indicating that the Calgary industrial real estate market will continue to thrive and grow this year, says a new report by Cushman & Wakefield.
The company said overall vacancy in the sector was 6.6 per cent in the first quarter of this year, up from 6.2 per cent in the first quarter of 2012. Net asking rents have jumped to $8.63 per square foot per year from $7.89 last year.
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