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Real estate transactions: Commercial, industrial deals heat up

Commercial real estate investments are burning up the market in Cow Town. As far as real estate transactions go in Alberta, Calgary's commercial sector has been leading the pack, according to many analysts. The city has had the highest number of completed commercial deals in six years. The industrial sector is also outperforming past years. 

In fact, industry-related sales have topped their highest levels in a decade -- 132 transactions topping out at $758 million. That accounts for a 14 per cent increase in action over the same period in 2017. Most of those deals were inked by larger corporations like Manulife and Enright Capital. Currently, Calgary has more than 3 million square feet of industrial property being developed.

Multi-family rental units continue to be a wise investment in the city as well, and a large equity corporation has seen their potential, buying up many properties and turning out a nice profit. The company has seen its best year ever since 2014, even amid the volatility of the oil sector in the province. As for the hotel sector in Cow Town, it has not had its finest hours over the last few years, but analysts predict an upswing and a ripe opportunity for investors to churn a profit.

There is promise for nearly all sectors of the real estate industry in Alberta. With the market continuing to rally, there is the likelihood of increased real estate transactions. A lawyer can help a client who is thinking about signing a contract in any facet of the industry -- whether residential, commercial, investment or industrial. Getting the advice of an experienced lawyer may help a client to make a positive, well-informed decision on the purchase or sale of property.

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