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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: 26-Oct-2009		 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) CDN 28.00 CDN 35.00 N/A $ 29.17 $ 36.46 N/A N/A 7.5%
Class A (Prime) CDN 25.00 CDN 32.00 N/A $ 26.04 $ 33.33 N/A 6.5% 7.5%
Class B (Secondary) CDN 15.00 CDN 25.00 N/A $ 15.63 $ 26.04 N/A 6.5% 8.0%
 
Suburban Office
New Construction (AAA) CDN 23.00 CDN 28.00 N/A $ 23.96 $ 29.17 N/A 6.5% 7.5%
Class A (Prime) CDN 18.00 CDN 22.00 N/A $ 18.75 $ 22.92 N/A 6.5% 7.5%
Class B (Secondary) CDN 11.00 CDN 18.00 N/A $ 11.46 $ 18.75 N/A 6.5% 8.0%
 
Industrial
Bulk Warehouse CDN 5.00 CDN 11.50 N/A $ 5.21 $ 11.98 N/A 1.9% 8.0%
Manufacturing CDN 5.00 CDN 13.00 N/A $ 5.21 $ 13.54 N/A 1.9% 8.0%
High Tech / R&D CDN 5.00 CDN 13.00 N/A $ 5.21 $ 13.54 N/A 1.9% 8.0%
 
Retail
Downtown CDN 18.00 CDN 37.00 N/A $ 18.75 $ 38.54 N/A 4.6% 8.0%
Neighborhood Service Centers CDN 16.00 CDN 32.00 N/A $ 16.67 $ 33.33 N/A 2.8% 7.5%
Community Power Center CDN 24.00 CDN 35.00 N/A $ 25.00 $ 36.46 N/A 2.6% 7.5%
Regional Malls CDN 30.00 CDN 125.00 N/A $ 31.25 $ 130.21 N/A 3.4% 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 CDN 200,000.00 CDN 650,000.00 $ 208,333.33 $ 677,083.33
Office/Industrial Land - Non-park CDN 300,000.00 CDN 750,000.00 $ 312,500.00 $ 781,250.00
Retail/Commercial Land CDN 350,000.00 CDN 1,000,000.00 $ 364,583.33 $ 1,041,666.67
Residential CDN 85,000.00 CDN 1,000,000.00 $ 88,541.67 $ 1,041,666.67

Conversion .96CDN = 1 US$


Footnote: Canadian Rental rates are always referred to in rent/ sq. ft./year
 

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