45: State of Calgary's Industrial Real Estate Market

In this episode, we look at the current state of Calgary's Industrial Real Estate market with Chris Saunders from Cushman & Wakefield. We also discuss digital trends in supply chain and the first automated truck delivery...you'll be surprised what they delivered. Featured article: Self-driving truck's first mission: A beer run Future of end to end supply chain management: 3 megatrends to watch for Featured topic: Calgary's industrial real estate market We interview Chris Saunders, Senior Vice President of Industrial Sales & Leasing with Cushman & Wakefield, to discuss the current state of industrial land in Calgary. Some highlights: Calgary's industrial land vacancy only 8-9% up from 3-5% The recent downturn has created a balanced market with more options for tenants and buyers In the distribution sector there's an abundance of supply with less demand leading to softening of pricing Supply has also increased because new land has just become available, not because of bankruptcy We asked Chris the following questions: How has the economic downturn due to energy prices affected industrial real estate in Calgary and in Alberta? Based on the current industrial real estate status, why do you think Calgary is still a great place to invest or move your business to? Questions from Reg: 1) What does a $9.35 per square foot rental rate really mean? 2) What other cost does a client pay (Define Net)? 3) How is the market now in Calgary (open for business, and have not seen these rate since the 1990's)? 4) What are some of the key quality features that differentiate Industrial property in our market? 5) With the changes in the lease rates in the Calgary market, where is the lease or buy decision in your opinion? Featured resource: City of Calgary's Real Estate Blog A new resource on industrial real estate from the City of Calgary. Have any questions or show topic suggestions? Contact us: Twitter @Calgaryregion Email: business@calgaryregion.ca Web: squareonesupplychain.ca

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45: State of Calgary's Industrial Real Estate Market is an episode from Square One Supply Chain Podcast.

This episode is 40:33 long.

This episode was published on Nov 10, 2016.

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