By Altus Group | 29 novembre 2016

Retail sector strongest performer for Q3 Calgary property investment, Office continues to struggle

116 sales transactions over $1 million were recorded in Q3 2016, for a total investment value of $671 million

CALGARY ‒ Altus Group, a leading provider of commercial real estate services, software and data solutions, today announced the results for the third quarter of 2016 for commercial real estate investment for the Calgary market area. A total of $671 million worth of sales transactions occurred in Q3 2016, a 26% decrease over the previous quarter but a 46% increase compared to the same quarter in 2015.

calgary-q3-2016-property-transactions

The Apartment sector saw eight transactions worth $70 million total, an increase of 103% from the previous quarter and 296% from Q3 2015. Apartment activity contributed to about 10% of the total sales volume in Q3. An increase in activity was also seen in the ICI Land sector, where 42 transactions worth $155 million equal a 60% upsurge from Q2 and a 67% increase from Q3 2015. ICI Land activity amounted to 23% of the total activity in the quarter.

After a spike in activity last quarter, the Office sector settled back into the relatively low levels that have prevailed over the past two years. Investment levels for Office were down 95% from last quarter and down 64% from Q3 2015. Five Office transactions worth $19 million total were recorded in Q3, amounting to just 3% of all activity. With the exception of Q2 2016, the Office sector has not seen investment levels rise over $100 million since Q1 of 2015.

The Retail sector saw 20 transactions worth $206 million, up 133% from Q2 and up 130% from the same quarter last year. Retail transactions commanded the largest market share of all sectors with 31% of activity.

calgary-q3-2016-property-transactions-by-volume

“While the struggles of the Office sector continue, stronger performances from Retail, ICI Land, and Apartment are welcome news in the current market climate,” noted Paul Richter, Director, Altus Data Solutions Canada, Altus Group.

 

View more insights >

 

These results were previously released under the REALNET® Canada name, whose independent and comprehensive data, analyses and insights on the commercial real estate investment and residential development markets is collected and compiled using a nationally consistent research process established in 1995. Going forward they will be released by Altus Group, powered by a proprietary data platform led by Altus Data Solutions Canada. This team is the formal unification of leading Canadian real estate data companies previously acquired by Altus Group, including REALNET® Canada.

 
ABOUT ALTUS DATA SOLUTIONS
Altus Data Solutions connects the Canadian real estate industry through the provision of data with unparalleled breadth, integrity and relevance, delivered through a real-time technology platform with integrated analytics.

This unified data solution, combined with trusted industry expertise, empowers our clients to make faster, more informed decisions in a competitive and dynamic real estate industry.

ABOUT ALTUS GROUP LIMITED
Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.

For more information on Altus Group, please visit: www.altusgroup.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Elizabeth Lambe
Manager, Communications
Altus Group
(416) 641 – 9787
elizabeth.lambe@altusgroup.com

close
close
forumDemandez une démonstration
close
close

Thank you for contacting us. we will get back to you shortly!

Ce site Web utilise des témoins pour améliorer votre expérience utilisateur. En utilisant notre site Web, vous acceptez que nous ayons recours à des témoins.
cliquer ici pour plus de détails

error

Désolé, cette page n'est pas disponible en français