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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.

So far this year, there have been 41 transactions in the retail sector, up from 33 in the middle of last year. Thirty-two of those 41 transactions were accounted for by 7-Eleven convenience stores. In fact, retail deals were up 59 percent over the same time in 2016. The numbers went from more than $158 million in 2016 to more than $370 million this year.

These figures are indeed good news for the city's commercial real estate sector and may entice further investment. Alberta residents who are considering investment in commercial real estate should seek the professional advice of a lawyer seasoned in real estate law. Letting a lawyer take a look at the particulars of a potential investment could possibly save entrepreneurs a lot of money in the long run.

An Alberta real estate lawyer has an eye for the details of commercial real estate transactions. He or she will let potential Alberta investors know when and if an offer is ready to be submitted for consideration. Adding an experienced lawyer to the investment roster can save many potential headaches down the road regarding real estate legalities.

Source:, "Edmonton commercial real estate sales show signs of market rebound", Tanya Commisso, Aug. 8, 2017

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