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Commercial real estate biting back in Alberta's capital

Building values in Edmonton are on the rise and that is readily apparent in the retail sector. Transactions in Alberta's capital were up 39 percent in the first half of 2017, showing a growing optimism regarding commercial real estate in the city. Data from a local real estate investment company shows sales are on the upswing. The retail sector is leading the way with $1.2 billion over all areas and up from more than $189 billion last year.

Commercial real estate: Lethbridge industry on the upswing

If the community of Lethbridge is any indication, business is starting to look much brighter. The Alberta community's industrial sector is starting to turn a profit once again. The commercial real estate market is beginning to look healthy.

Sears closures open possibilities for commercial real estate

As it struggles to remain solvent, Sears Canada has announced the closure of three stores in Alberta, leaving about 100 people jobless. This is hardly a surprise for many in North America who have anticipated things would only get worse since its parent company in the United States has already closed hundreds of stores. However, for those monitoring local commercial real estate, the departure of the floundering department stores may not be such a bad thing.

Commercial real estate takes a new direction with town centres

Despite the waning popularity of malls and shopping centers, people in Alberta and beyond still love to shop. While online shopping may be surging, many folks continue to enjoy visiting brick and mortar stores to make their purchases. However, consumers seem to be ever looking for a more convenient shopping experience, and shopping malls and plazas may have outlived their usefulness, prompting developers to consider a new direction for commercial real estate.

Calgary seeking to fill commercial real estate vacancies

Many successful businesspeople have turned a profit by seeing opportunity where others see disaster. Commercial real estate vacancies are at historic highs in the downtown cores of the major Alberta cities, as the economic downturn still has the real estate market in its grasp. Rather than simply admit defeat, however, the Calgary city council is trying to make the city more attractive to business, both small and large.

Zoning issues can hold up commercial real estate ventures

Sometimes the best-laid plans can end up a frustrating mess when government red tape gets in the way. Buying, selling and adapting commercial real estate is a complex matter than may involve multiple government departments before making any headway. An Alberta man is all too aware of the difficulties a small business owner can face as his protracted battle with the city of Edmonton drags on.

Is this the time to make a commercial real estate move?

Buying and selling property is a little bit like playing the stock market: there are no guarantees for success, only educated guesses and hopes for making the right move at the right time. Unlike in some parts of the country, the real estate situation in Alberta is not booming, and has been a bit hard to read of late. One industry insider is suggesting that now may be exactly the right time to take the plunge in the commercial real estate market.

Investing in commercial real estate means risk and maybe reward

The thing about money is that most people, no matter how much they have, don't think they have enough. That means they're looking for ways to make more. For many people in Alberta, the answer has been investing in property. Although flipping homes is a common method, commercial real estate can also sometimes provide a good return.

Interest in commercial real estate coming from south of the 49th

It is well documented that the Alberta economy has been suffering in recent years. One need look no further than the vast amounts of commercial real estate and office space available in Calgary for proof. Surprisingly, new tenants may be on their way from the United States.

Historic commercial real estate property purchased by developer

When a building is so neglected it can scarcely be used, but cannot be torn down due to heritage designation, it can become a major problem. Such is the plight of many heritage buildings across the country. It seems, however, that one such property is about to be saved, as an historic piece of Alberta commercial real estate has been tentatively taken over by an Edmonton developer.

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