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Investment Market Analysis – Edmonton, Year-end 2023

Investment Market Analysis – Edmonton, Year-end 2023

Edmonton’s commercial real estate (CRE) market was awash with investor activity during 2023. Tracking sales equal to or exceeding $1 million, the number of sales increased among each of the office, retail, industrial, multi-residential and ICI/residential land asset classes, driving year-over-year transaction numbers up by 18%. Total dollar volume increased to more than $3.02 billion, a substantial 36% boost compared to investment in 2022…