CALGARY — The Calgary industrial real estate market has shown a strong start to 2013 with overall vacancy dropping, according to a new report by Colliers International.
The report said vacancy has dropped to 4.72 per cent in March from 5.05 per cent at the end of the fourth quarter of 2012.
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Sales of single family homes in Medicine Hat fell 22 per cent in March compared to the same month last year, according to statistics presented Friday by the local Real Estate Board.
Sales of other residential properties and lot sales also lagged, though the commercial and industrial sections of the market posted a strong value gain compared to March 2012.
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EDMONTON – The City of Edmonton is hailing the first success of a rebate program aimed at boosting industrial development.
An affiliate of KingSett Capital, represented by Versus Partners, is the first developer to access the city’s Revolving Industrial Servicing Fund. The company used a $4 million rebate from the fund to help build Northport Business Park at 170th Street and 129th Avenue.
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The City of Edmonton’s Revolving Industrial Servicing (RIS) Fund has attracted new industrial development to Edmonton.
For the first time, a developer has accessed the City fund. An affiliate of KingSett Capital, represented by Verus Partners, used a $4 million rebate from the fund to help construct Northport Business Park, located at 170 Street and 129 Avenue. The new business park houses businesses ranging from sales, storage, warehouse, office, logistics, servicing and manufacturing, and includes a storm water pond and landscaped areas.
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Single-family suburbia. That might be the historical image many in Alberta’s Capital Region have of St. Albert, but it’s looking less applicable these days.
That’s because Alberta’s sixth-largest city (population 61,000-plus) is showing a keen interest these days in big changes, from a greater acceptance of alternative housing forms to an eye for the future on jobs right in the city.
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Total sales of commercial and industrial land and buildings in Edmonton during 2012 was the highest in five years, according to a report released Friday.
There were 648 sales last year with a total value of $2.45 billion, just off the five-year high reached in 2011, said the Realtors Association of Edmonton commercial division in its inaugural semi-annual update on land and building sales activity.
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It’s Greater Edmonton’s invisible industrial giant.
The Acheson Industrial Area runs from the city’s western boundary (231 St.) almost to Spruce Grove, from south of Hwy 16A all the way north to Hwy 16. That’s a space bigger than Mill Woods.
Ten thousand acres, 260 companies, 5,400 employees, a natural area, and even a residential acreage sub-division in its heart.
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Both the chamber of commerce and members of St. Albert’s economic development advisory committee believe the stage is now set for significant economic growth.
On Monday city council approved amendments to its municipal development plan and intermunicipal development plan that zones the 617 acres of land designated for non-residential growth as industrial.
That move, coupled with recent city reports on how St. Albert can attract developers to the city, show it is taking development seriously, said economic development director Guy Boston.
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EDMONTON – The City of Edmonton hopes to attract lucrative industrial development with a new one-stop website for businesses in search of land.
The Industrial Land Site Locator (http://tinyurl.com/adw3728) allows investors to search listings of industrial sites for sale and lease. Users can click on broker and developer links, refer to interactive maps and check on demographic, transportation and geographic information. Users can also get data on existing businesses such as employee numbers.
Read more: http://tinyurl.com/abzvpby
The City of St. Albert now has 617 more acres of industrial land within its borders after council officially redistricted a parcel at the city’s western edge.
Council concluded a process that’s been in the works for months by approving second and third readings to the municipal development plan and intermunicipal development plan Monday night, officially redistricting an area dubbed the employment lands, which border the western edge of Ray Gibbon Drive north of Big Lake.
Read more: http://tinyurl.com/anwvfm6