Cautious Optimism
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Developers and Landlords are cautiously optimistic that we will see continuing patterns of strong leasing activity and positive absorption as the economy struggles to rebound. Vacancy rates are continuing to decline at a slow pace. Contractors are now revisiting plans to build new buildings they had with clients before the market downturn in the fall of 2008. It won't be long before developers follow this trend and start to breathe life back into shelved projects. The Balzac race track is an example as they are trying again with a scaled down version of original plans.
On a negative note, the reality is that there are still companies struggling and trying to fend off bankruptcy or receivership. Debt service ratios remain a struggle for many and mistakes that were made in the boom are coming home to roost (see receivership of chocolatier Bernard Callebeaut).
During the recent downturn in the economy there has been little to no speculative development undertaken in the industrial market. It's full speed ahead in North Calgary. Many companies are starting to look to the North area of Calgary as the development and Infrastructure continues around Balzac. People are starting to use the ring road more frequently and shop at the Cross Iron Mills mall on a more regular basis. The Costco presently being built and the newly completed Lowes store are helping to drive volume. There is a flurry of activity at Wagon Wheel Business Park.
It's still a good time to renew your Lease or consider low mortgage and financing rates to build a new home for your business. I would be happy to meet with you to discuss how to take advantage of these opportunities.
Sean Bradley
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JUST LISTED
MANUFACTURING FACILITY - $3,700,000
Brier Industrial Park, Medicine Hat
Property Description
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1496 Brier Park Crescent NW
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107,000 Square
Feet
(approx.)
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A
total of 8 buildings in Brier Industrial Park in Medicine Hat, Alberta Buildings
include office, lunch rooms, locker rooms, painting booths, sandblasting
booths and large warehouse areas. Some
permitted uses are automotive parts and accessory sales, recycling,
manufacturing, car washes, warehouse, and wholesale. Zoning:
M-1 (Light Industrial) Legal
Description: Plan 0113682; Block 2; Lot 5; Taxes:
$89,067.82 (2009) Loading:
22 Drive in doors
View Brochure
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JUST SOLD
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Property Highlights· Large medium density development site overlooking Bridgeland and Downtown · Substantial holding income in place · The site is within a few minutes from Downtown Calgary · Great views of Bow River, Prince's Island Park and Downtown
View Brochure |
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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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Featured Listing
| FOR LEASE
636 Beaver Dam Road NE
7,500 Square Feet on approx. 1.5 Acres
· Excellent fabrication or repair shop with a central NE location
· Additional sprung style structure approx. 2,000 sq. ft.
· Large extra yard component
· Potential office area available
· Make up air and in floor heating
· Additional parts tent in yard
Call for more details 403.607.8635
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| JUDICIAL SALE
3645 48th Avenue SE
14,480 Square Feet
· 10,015 sq. ft. Shop Area
· 2,265 sq. ft.
Main Floor Office
· 2,200 sq. ft.
Second Floor Office Call for more details 403.607.8635
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Ten habits of highly effective real estate investors | Jean Folger (Investopedia.com)
Published on Tuesday, Sep. 14, 2010
Real estate has long been regarded as a sound investment. Wholesaling and property management of commercial and residential property are just a few of the ways investors can profit from real estate, but it takes a little savvy to become successful in this competitive arena. While certain universities do offer coursework and programs that specifically benefit real estate investors, such as the Johns Hopkins Carey Business School's Master of Science in Real Estate, a degree is not necessarily a prerequisite to profitable real estate investing. Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess.
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| LAND FOR SALE
2920 Kingsview Blvd. SE, Airdrie
4.45 Acres
4.45 Acres of Fully Serviced Land
· Excellent accessibility to major Transportation routes: Yankee Valley Road, QEII
· Good site frontage and depth
· Stripped and graded site
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.
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Financing Available
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Financing Available
Call Sean to
arrange a meeting
403.607.8635
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