Avison Young released today their 2013 Canada, U.S. Forecast, and Lethbridge has a pretty hot industrial space market.
The annual report covers the office, retail, industrial and investment markets in 29 Canadian and U.S. metropolitan regions, including Lethbridge.
Read more: http://tinyurl.com/afdqkg7
CALGARY — Calgary’s industrial real estate market showed stability through 2012 with the overall vacancy rate finishing the year at 5.05 per cent, up slightly from 4.71 per cent in the fall, says Colliers International.
In a market report, the company said total absorption for 2012 exceeded the yearly average, up from 2,545,817 square feet in 2011 to 3,718,800 square feet in 2012. The vast majority of this absorption occurred early in the year, peaking in the third quarter with the completion of the 1.3 million square foot Target Distribution Centre in Balzac, said Colliers.
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The City of St. Albert hopes it will be able to sweeten the pot to attract new industrial and commercial development to town.
Members of the City’s economic development department were before city council on Monday afternoon to tell them about the investment incentives they plan to offer the development industry in the future to attract them to the city.
Read more: http://tinyurl.com/byrdb4g
A significant step forward was taken in the development of future industrial and commercial lands to the east of current Devon town limits this week.
An Area Structure Plan (ASP) on behalf of three landowners in the shared Inter-Municipal Development Plan lands was delivered to the mayors of Devon and Leduc County on the morning of Tuesday, Dec. 18.
Read more: http://tinyurl.com/d54hfb2
Plans to make the industry-heavy bedroom community of Clairmont into a self-sustaining community are one step closer to reality after County of Grande Prairie council passed second reading of the Clairmont Heights area structure plan on Monday.
The plan, which includes a downtown promenade and a mix of low, medium, and high density housing in the hamlet, includes development straddling the north side of Clairmont Lake.
Read more: http://tinyurl.com/d6d37px
FORT SASKATCHEWAN – A Fort Saskatchewan development company is interested in possibly selling a little land to the city in order to facilitate a light industrial project it has in mind for a four-hectare plot of land near 100 Avenue and 112 Street.
The company, 881454 Alberta Ltd. is proposing to sell the city land near Ross Creek, on the edge of the landowner’s property for the cost of conducting a survey and the registration of the sale, Clayton Kittlitz, director of city planning told council.
He explained while the property is in the industrial buffer zone between Sherritt Gordon and residences on the northeast end of the city it remains under a light industrial zoning designation.
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Airdrie City defeated a bylaw that would allow new recreational vehicle (RV) sales centres in King Heights, Nov. 19.
The move came after a developer approached council requesting a change in zoning that would allow for a range of commercial and industrial uses such as automobile sales, equipment repair, bus depots, autobody and paint shops.
Read more: http://tinyurl.com/ayxreds
While Medicine Hatters worry about local business development, Cypress County is working piece by piece to develop up to 1,200 acres of new industrial and commercial land just south of the city, says a Medicine Hat alderman.
Read more: http://tinyurl.com/9tbx7uv
A lot of people seem to be trying to find reasons to buy silver.
In fact, there appear so few detractors that you wonder why it isn’t already at $50 per ounce. The main argument against that appears to be the not-unreasonable position that silver consumption is nearly 50-percent industrially dependent.
Read more: http://tinyurl.com/dxrsb2c
Sherwood Park is seeing retail and industrial markets spring up in both development and redevelopment deals.
According to Gerry Gabinet, manager of Strathcona County Economic Development and Tourism, various areas throughout the Park have been pinned for commercial development, with businesses ready to take to the local market.
The first of four areas emphasized by Gabinet is the Strathallen Redevelopment, located on the north side of Baseline Road and Broadmoor Boulevard.
Read more: http://tinyurl.com/amto242