SLIDE 1
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¨ VACANCY – GREATER EDMONTON
Northeast Edmonton – 1.5% Northwest Edmonton – 4.3% Surrounding Districts – 2.08% Acheson – 0.7% Leduc / Nisku – 1.2% Southeast Edmonton – 2.6%
Greater Edmonton
Q4 2010 Q4 2011 3.9% 3.42%
2 VACANCY GREATER EDMONTON Greater Edmonton Q4 2010 Q4 2011 - - PowerPoint PPT Presentation
2 VACANCY GREATER EDMONTON Greater Edmonton Q4 2010 Q4 2011 - - PowerPoint PPT Presentation
Industrial Market Overview April 2012 2 VACANCY GREATER EDMONTON Greater Edmonton Q4 2010 Q4 2011 Surrounding Districts 2.08% 3.9% 3.42% Northwest Edmonton 4.3% Northeast Edmonton 1.5% Acheson 0.7% Southeast
SLIDE 2
SLIDE 3
3
VACANCY - HISTORICAL RATES
0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 2003 2004 2005 2006 2007 2008 2009 2010 2011
Vancancy (%)
4.1% 4.4% 3.2% 1.4% 1.3% 2.8% 3.7% 3.9% 3.4%
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RENTAL RATES
INDUSTRIAL AVERAGE NET RENTAL RATES
INDUSTRIAL DISTRICT 2011
New Product Northwest Edmonton
$8.00 - $10.00
Old Product Northwest Edmonton
$6.00 - $8.50
New Product Southeast Edmonton
$9.50 - $12.00
Old Product Southeast Edmonton
$8.00 - $10.50
Central
$8.75
Northeast Edmonton
$6.95
Leduc/Nisku
$10.00
SLIDE 5
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3,490,000 103,600 750,000 1,000,000 2,970,000 980,000 1,300,000 1,200,000 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 2008 2009 2010 2011 New ¡Construction Absorption INDUSTRIAL ABSORPTION
¨ ABSORPTION
SLIDE 6
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$99.89 $117.43 $110.46 $103.66 $103.05 $109.74 $179.83 $157.35 $134.31 $161.68 $167.72 $182.48 $156.55 $155.50 $154.17 $0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 2007 2008 2009 2010 2011 Multi-‑Bay Single ¡Tenant Warehouse ¡(Owner ¡User)
INDUSTRIAL SALES AVERAGE PER SQUARE FOOT
Information provided by The Network
SALES AVERAGE/SQUARE FOOT
SLIDE 7
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$462,738,045 $246,430,143 $293,767,075 $597,314,941 $435,838,156
158 83 80 90 92
$0 $200,000,000 $400,000,000 $600,000,000 $800,000,000 50 100 150 200
2007 2008 2009 2010 2011
INDUSTRIAL SALES VOLUME
Information provided by The Network
¨ SALES VOLUME
Sales Volume
- No. of Transactions
SLIDE 8
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7.71% 7.47% 7.37% 8.10% 7.04% 7.06% 6.40% 6.60% 6.80% 7.00% 7.20% 7.40% 7.60% 7.80% 8.00% 8.20% 2009 2010 2011 Multi-‑Bay Single ¡Tenant
INDUSTRIAL CAP RATES
¨ CAPITALIZATION RATES
SLIDE 9
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LAND SALES
$228,171,517 $153,032,304 $40,086,300 $133,949,424 $135,121,861
$0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 2007 2008 2009 2010 2011
TOTAL INDUSTRIAL LAND SALES
Information provided by The Network
SLIDE 10
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¨ LAND SALES
Northwest Edmonton – $569,888.94 / Acre
- No. Of Transactions: 31
Greater Edmonton Average ($/Acre)
2010 2011 $553,144 $519,638 Southeast Edmonton – $522,709.94 / Acre
- No. Of Transactions: 44
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NORTHPORT NORTHWEST HORIZON YELOWHEAD CROSSING FOURELL PINNACLE
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Pinnacle Business Park
Developer: Pinnacle International Total Proposed SF: 65,550 SF Under Construction: 65,550 SF Leased: 6,900 SF Available: 58,650 SF Major Tenants: Accent Marble – 6,900sf
NEW DEVELOPMENTS (NW)
SLIDE 13
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Horizon Business Park
Developer: Hopewell Total Proposed SF: 1,348,841 SF Under Construction: 213,433 SF Available: 213,433 SF
NEW DEVELOPMENTS (NW)
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NEW DEVELOPMENTS (NW) Yellowhead Crossing II & III
Developer: Bentall Total Proposed SF: 347,325 SF Under Construction: 0 SF Leased: 0 SF Available: N/A Major Park Tenants: WESCO – 60,500sf Unisource – 118,800sf
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NEW DEVELOPMENTS (NW) Northport Business Park
Developer: TONKO Total Proposed SF: 327,600 SF Under Construction:176,400 SF Leased:151,200 SF Available:176,400 SF Major Tenants: Acropolis Warehousing Ltd. – 100,800sf Shanahan’s Building Products – 50,400sf
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NEW DEVELOPMENTS (NW) Fourell Business Park
Developer: ARTIS REIT Total Proposed SF: 107,937 SF Under Construction:63,756 SF Leased:31,878 SF Available:31,878 SF Major Tenants: F & M Mafco Inc.
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NEW DEVELOPMENTS (NW) Northwest Business Park
Developer: WAM Total Proposed SF: 700,260 SF Under Construction/Built:700,260 SF Leased:161,700 SF Available:538,560 SF Major Tenants: Motovan – 70,400sf Kraus Flooring – 52,800sf Intertek Testing Services – 20,008sf Creative Door Services – 32,000sf Stuart Olson – 30,000sf
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SOUTH CENTRAL II CITY VIEW CORNERSTONE 50th STREET
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NEW DEVELOPMENTS (SE) 50th Street Business Park (G & J)
Developer: GPM Total Proposed SF: 168,360 SF Under Construction: 168,360 SF (completed) Leased: 145,000 SF (2011) Available Space: 25,000 SF Major Tenants: Alberta Petroleum Industries – 33,000 SF Special Metals – 28,000 SF Midfield Supply – 26,000 SF
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NEW DEVELOPMENTS (SE) South Central II
Developer: Remington Developments Total Proposed SF: 376,650 SF Under Construction: 124,800 SF Leased: 0 SF Available Space: 124,800 SF(Sept. 2012)
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NEW DEVELOPMENTS (SE) City View Business Park
Developer: Oxford Total Proposed SF: 1,425,394 SF Under Construction/Built: 879,674 SF Leased:784,674 SF Available:95,000 SF Major Tenants: Weatherford – 190,000sf Excel Canada – 125,000sf
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NEW DEVELOPMENTS (SE) Cornerstone Business Park
Developer: Hopewell Total Proposed SF: 868,117 SF Under Construction: 0 SF Available Space: N/A
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Andy Horvath, Partner Industrial Sales & Leasing Cushman & Wakefield Edmonton Andy.Horvath@cwedm.com