Market Update
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Happy New Year and I hope it is prosperous for all
January 2010 has kicked off the year with a new attitude and a flurry of activity in the Calgary Industrial market.
The Industrial Sales and Leasing market is still relatively conservative but it appears that industrial values have hit very close to the bottom. Over the last year we saw a lot of "nobody moves, nobody gets hurt" thinking. Unless, of course, a tenant was forced to do a renewal based on an expiring lease. Tenants that used a good broker were able to lower rent payments 15-25% percent, and, in some cases, receive incentives from landlords to stay in their portfolios. The times certainly have changed!!! Landlords remain aggressive to keep their buildings full. It is still a good time and strategy to look at renewing leases early or starting to shop the market.
The economy has stabilized to a point and owner/users are also benefitting from vendors finally realizing the boom days are over and marketing properties at reasonable prices. This has translated into increased activity and has started to create a shortage of options. Financing terms are favorable and many small business owners have capitalized on low interest rates. The BDC has become a very viable financing option for many clients.
Industrial land (both serviced and limited service) is readily available to purchase from the City of Calgary in the South East (Great Plains and Eastlake Business parks) as well the North West (Royal Vista). Many developments including Remington's Frontier Park (off 84th Street, limited service) and Wagon Wheel Business Park in Balzac are seeing increased activity due to the opening of the next phase of the ring road and CN Railway's announcement that it's going to be moving its intermodal terminal from Foothills Industrial Park to a 680 acre park in Conrich, East of the Calgary Airport .
Please call me to discuss how to finance a new building or how to go through the design build process.
Sean
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To Buy or To Lease?
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Every business needs a place to call home. Whether to
buy or lease is a question that every business owner faces at least
once and hopefully several times, during the life of the business. Even
in good economic times, this is a hard question to answer with
certainty, but in today's economy, it is more pressing and critical to
the success of a business. Read More |
Are you expecting to grow
or downsize in 2010?
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How can our team of Professionals help you expand or
contract your existing space or help you relocate to a new improved facility?
Bradley Real
Estate Group is an integral part of your team, bringing you an in-depth
knowledge of the market and current availabilities as well as expertise in the
nuances of location, ownership as well as the details of lease terms,
relocation and occupancy costs.
Read More
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About Sean
Sean Bradley utilizes the unique strengths of the
Industrial group to specialize in Industrial properties For Sale and
Lease in Calgary and surrounding areas. His market Knowledge, service
excellence and accountability endure him as a trusted adviser to his
clients.
Call 403.607.8635 or email for your free consultation |
Specializing in
Calgary Industrial Real Estate
www.bradleyrealestategroup.ca
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Financing Available
Call Sean to arrange a meeting 403.607.8635
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Market Activity
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Calgary real estate making comeback
A report by RealNet Canada Inc. released Tuesday said a total of 72 transactions worth more than $1 million were recorded in the fourth quarter of 2009 in the greater Calgary region, totalling $561 million, a 16 per cent increase in dollar volume from the previous quarter.
Read the article by Mario Toneguzzi, Calgary Herald
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Avison Young releases 2010 national real estate forecast for Canada, U.S.
- Daily Commercial News
Read the article
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Featured Listing
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14,480
sq. ft.
Receivership sale call for details 403-607-8635
·This rare
free-standing building is located one block north of 50th Avenue SE. ·The building boasts
easy access to major transportation corridors. ·Fenced yard, and
ample parking for staff and clients.
Call for more details 403.607.8635
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Looking for our next
property to sell
Call Sean to arrange an appointment to see how we can help you.
Just Sold
Property Description
22,876 Square Feet
Site Size - 4.00 Acres
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· Pre-engineered structure with metal clad siding
· Air make-up system throughout
· Outdoor crane structure in yard area
· Rooftop units in office space
· Trench drains
· Large gravelled, compacted and fenced yard
Property Highlights
· Building is located in the new industrial area of Shepard Business Park
· Good access to 84th St SE & Glenmore Trail SE via 100th Str SE
· Close proximity to the future Transportation Utility Corridor
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