Edmonton Investment Transaction Stats – Q2 2017
Industrial and Retail Sectors Buck Downward Trend in Edmonton Commercial Real Estate Investment in Q2
There were 180 transactions recorded in Q2 2017 for a total investment value of $545 million
EDMONTON ‒ Altus Group, a leading provider of commercial real estate services, software and data solutions, today announced the Edmonton market area’s commercial real estate investment results for Q2 2017. In total, 180 transactions were captured worth $545 million. This represents a 37% decrease from the first quarter of this year and an 18% increase from the same quarter last year.
Source: Altus Group
The Retail and Industrial sectors combined accounted for about two-thirds of the dollar volume in Q2 2017.
Source: Altus Group
Quarter-to-quarter trends varied across the different asset classes. Sectors showing improvement were:
- The Industrial sector, where 50 transactions occurred, totalling $201 million, a 185% increase from Q1 2017 and a 180% increase from Q2 2016.
- The Retail sector, which saw 27 transactions worth $164 million, a 34% increase from last quarter and a 110% increase from Q2 2016.
Decreases in the Office, Apartment, and ICI Land sectors, however, more than offset the increase volumes for Retail and Industrial:
- The Office sector saw 15 transactions worth $26 million; this is a 76% decrease from the previous quarter and a 36% decrease from the same quarter last year.
- The Apartment sector had 11 transactions worth $37 million, representing an 89% decrease from the previous quarter and a 63% decrease from Q2 2016.
- The ICI Land sector recorded 66 transactions totalling $83 million, a 50% decrease from last quarter and a 12% decrease from the same quarter last year.
“Several high value transactions bolstered the Edmonton market area’s Q1 results. The absence of large deals in Q2 brings results back in line with what we have seen for the past several quarters in Edmonton,” noted Paul Richter, Director, Data Solutions, Altus Group.
ABOUT DATA SOLUTIONS
Data Solutions connects the Canadian real estate industry through the delivery of data with unparalleled breadth, integrity and relevance. We cover new homes, investment transactions and commercial market inventory in key markets, and also provide intelligence on the national housing market and consumer home buying and borrowing patterns.
Our solutions are used by real estate industry stakeholders to gain market intelligence, identify and validate opportunities, benchmark, strategically plan, manage risk and more.
Data Solutions is part of Altus Analytics, the software and data solutions business of Altus Group, where our focus is to empower real estate clients and partners to work collaboratively to enhance decision making, drive performance and optimize transactional efficiency. Our solutions enable firms to better organize and manage data and connect with the right information and analytics to help them gain a complete picture of real estate assets, portfolios and transactions.
For more information on Data Solutions, please visit www.altusgroup.com/datasolutions.
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 shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
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