Edmonton: A Preferred Choice for Commercial Real Estate Investors

Barely a week has gone by this year without news of the Calgary real estate market hitting the headlines. However, savvy commercial real estate investors are quietly seeking out bigger returns in Alberta’s capital, Edmonton.

It is true that Calgary has certainly earned a formidable reputation as an economic powerhouse and rapidly growing world city, but it is not the only shining star for commercial real estate investors in Alberta. Calgary boasts more headquarters of international corporations, more retail sales, and a position as one of the top choices for foreign brands moving into Canada. Yet, while these factors certainly make it attractive for other investors to jump into, it also means that property prices are higher and demand and competition for properties is heightened, all of which can make it expensive for commercial real estate investors to get in. It can also dampen returns.

More sophisticated commercial real estate investors are realizing that Edmonton offers an array of advantages. While Edmonton similarly boasts a robust local economy, low vacancy rates on commercial properties, low unemployment, and great growth, its lower key profile actually presents larger spreads and higher income returns in many cases.

As the provincial capital, the importance of Edmonton is not going to go away as it can with other fad cities, which the masses fall in and out of love with on a whim. It is a mature city with a solid backbone, not just in energy but also in all commercial real estate sectors with a local government, which is committed to sustainable growth.

Edmonton has limited space, with current planned developments to be filled in the next 15 years, but the city is committed to growing and is actively in attracting families to its downtown area, which will increase jobs and attract the most talented workers. All of this not only means a continued healthy and strong economy which businesses can bank on, but also continually growing returns for commercial real estate investors.

With more affordable housing and often better priced commercial real estate investment properties, investors are finding well above market return and are locking into great cash flow levels and growing equity positions. These investments are only expected to improve over the coming years.

It is definitely worth taking a look at what commercial retail properties are on the market, and what types of returns and tax benefits are available in Edmonton. Many may be surprised at just how great the opportunities are that lay among investing in shopping centers and strip malls, which have a good mix of tenants and strong records of income and returns.

To learn more about how you can profit from investing in commercial real estate in Edmonton, Canada or get more information on some of the great opportunities that are currently available, contact Howard Manley today by phone on 866-986-8673 or by email right now at howardm@redevgroup.ca.

Thank you for reading.

Richard Crenian
www.redevgroup.com