There is still a demand for concrete high rise at low Cap Rates. Is this going to continue or do we see the market evolving where older underperforming assets in need of Capex become more prominent. Part 1 Part 2 Part 3 Part 4 What’s Next 2019 – Part5 (PDF) In the Edmonton marketplace, nine high-rise properties sold in 2018 at an average cap rate of 3.62 percent. These nine sales represent a combined total of 1,221 units and $331,516,000 in volume. Drivers of these… Read more »
Although volumes have been down over the past year, there is still a high buyer demand for product below the $10 million price point. Is this still the market or will there be movement for the bigger assets to take advantage of redevelopment/density opportunities for under-performing assets? Part 1 Part 2 Part 3 What’s Next 2019 – Part4_(PDF) The Edmonton retail market is really the tale of two segments. The institutional players who are focused on grocery anchored or power center plays compared to the local risk… Read more »
Is the flight to quality over since there are very few pockets of space left in the new properties and will there be investment opportunities in the market to utilize some of the older buildings for office space? Part 1 Part 2 What’s Next 2019 – Part3 (PDF) Although this segment of the market had an increase in sales volume in 2018, it was heavily influenced by the sale of the Edmonton Tower at a price of $400,000,000. The Enbridge Tower that was the next largest sale at $22,000,000 is… Read more »
Is the shrinking inventory going to lead to more spec activity and land sales or is there an opportunity to invest in less functional buildings and repurposing? How do we see this playing out over the next twelve months? Part 1 What’s Next 2019 – Part2 (PDF) The Edmonton industrial sector appears to be at a crossroads. The Anthony Henday Ring Road has been completed and it has shortened drive times to all geographical sectors of the City. Along with this fundamental change, industrial areas within the Anthony Henday are approaching full build-out… Read more »
We have managed to come through the downturn because of major infrastructure spending and the development activity in the downtown core. What’s next? What’s Next 2019 – PART 1 (PDF) The Edmonton real estate market came out of a twenty year lull in the mid-2000’s on the back of unprecedented capital spending in the energy and public sectors. This catch-up phase led to incredible value growth in the commercial real estate sector and cushioned the area from the recessions of 2008 and 2015. As we look forward, the latest economic trends in Edmonton indicate that employment in the Edmonton… Read more »
Our Associates are the foundation of our business because they forge relationships that allow Cushman & Wakefield Edmonton to remain a leader in commercial real estate. Cushman & Wakefield Edmonton is pleased to celebrate the outstanding performance of the following Senior Associates. We are honoured to have them on our team. Stefanie Orsini, B.A., B.Comm Senior Associate Retail Stefanie.Orsini@cwedm.com Afsar Khurshed Senior Associate Investment Afsar.Khurshed@cwedm.com Stefanie has been a member of the Cushman & Wakefield Edmonton Retail division of over 2½ years, having joined our office with over 5 years of experience in commercial sales and leasing. Throughout her… Read more »
Ian Newman joined Cushman & Wakefield Edmonton in 2005 and has demonstrated he is a committed asset to his clients and to the firm. The Partnership is proud to announce that Ian is our newest Partner.
Please join us in welcoming our two new associates to our expanding office team! Cushman & Wakefield Edmonton is proud to warmly welcome two new members to our growing Office Leasing and Sales team, Hillary Smith and Nicholas Hrebien! Hillary joins Cushman & Wakefield Edmonton with over 11 years’ experience in the Recruitment/Staffing Industry, working with local and national businesses to fill key vacancies and ensure that they have the foundation and strength in their human capital to achieve their organizational goals. Hillary’s experience in understanding client needs and putting together creative solutions attributed to her achieving the top producer… Read more »
Cushman & Wakefield Edmonton welcomes a new member to our industrial sales and leasing team, as Jeff Drouin Deslauriers brings his varied talents into commercial real estate. Jeff was a professional goaltender for twelve years prior to his transition into Commercial Real Estate. Throughout his hockey career he studied via distance with the University of Athabasca toward a Bachelor of Commerce. Working with Associate Partner Kurt Paull, Jeff looks to bring the integrity, disciplined work ethic and accountability that he cultivated during his professional athletic career to his real estate practice. Originally from Montreal, Jeff is bilingual. Grateful for the opportunity… Read more »
12 members of the Cushman & Wakefield Edmonton Retail team recently toured retail properties in North Edmonton. While on site our agents dedicate their time to the property and the client to promote collaboration and ideas with an awareness of current market conditions. If you would like your property added to the next Retail tour please contact your agent. Contact details can be found under the Employees tab.