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Edmonton, Alberta, Canada

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Commercial Edmonton
Last Updated: 25-Oct-2010		 Market Overview
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Market Research

* Click on each category for a detailed definition.
RENT/SF/Year RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) CAD 26.00 CAD 35.00 CAD 30.00 $ 25.74 $ 34.65 $ 29.70 7.1% 7.5%
Class A (Prime) CAD 22.00 CAD 30.00 CAD 26.00 $ 21.78 $ 29.70 $ 25.74 7.1% 7.5%
Class B (Secondary) CAD 13.00 CAD 22.00 CAD 18.00 $ 12.87 $ 21.78 $ 17.82 7.1% 8.0%
 
Suburban Office
New Construction (AAA) CAD 23.00 CAD 26.00 CAD 25.00 $ 22.77 $ 25.74 $ 24.75 7.1% 7.5%
Class A (Prime) CAD 18.00 CAD 22.00 CAD 20.00 $ 17.82 $ 21.78 $ 19.80 7.1% 7.5%
Class B (Secondary) CAD 10.00 CAD 18.00 CAD 15.00 $ 9.90 $ 17.82 $ 14.85 7.1% 8.0%
 
Industrial
Bulk Warehouse CAD 5.00 CAD 9.75 CAD 6.50 $ 4.95 $ 9.65 $ 6.44 2.9% 8.0%
Manufacturing CAD 5.00 CAD 11.00 CAD 8.00 $ 4.95 $ 10.89 $ 7.92 2.9% 8.5%
High Tech / R&D CAD 5.00 CAD 11.00 CAD 8.00 $ 4.95 $ 10.89 $ 7.92 2.9% 7.5%
 
Retail
Downtown CAD 18.00 CAD 37.00 N/A $ 17.82 $ 36.63 N/A 2.7% 8.0%
Neighborhood Service Centers CAD 16.00 CAD 32.00 N/A $ 15.84 $ 31.68 N/A 2.7% 7.5%
Community Power Center CAD 24.00 CAD 35.00 N/A $ 23.76 $ 34.65 N/A 2.7% 7.5%
Regional Malls CAD 30.00 CAD 125.00 N/A $ 29.70 $ 123.76 N/A 2.7% 7.5%

Development Land Low/Acre High/Acre Low/Acre High/Acre
Office in CBD N/A N/A N/A N/A
Land in Office Parks N/A N/A N/A N/A
Land in Industrial Parks CAD 200,000.00 CAD 550,000.00 $ 198,019.80 $ 544,554.46
Office/Industrial Land - Non-park CAD 250,000.00 CAD 650,000.00 $ 247,524.75 $ 643,564.36
Retail/Commercial Land CAD 300,000.00 CAD 1,000,000.00 $ 297,029.70 $ 990,099.01
Residential CAD 65,000.00 CAD 850,000.00 $ 64,356.44 $ 841,584.16

Conversion 1.01CAD = 1 US$


 

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