Commercial Market Update
The last 6 months have been rockin, as the market has continued with an steady upward momentum.
Buyers and Appraisers still seem to continue to be holding prices down, but the genuine interest and intent by purchasers is definately there. In my estimation, the Calgary Commercial Market Values (and the surrounding markets of Strathmore, Drumheller, Airdrie, Brooks, etc) are still 8-10 percent off of their peak in 2007.
Buyers are seeking steady solid cash flows rather than speculating for the future as they once did.
If you price your property for the short term, it will sell in the short term. In today's market, this means we have to leave something on the table for the buyer.
If you would like a market evaluation for your industrial, commercial, investment, office, retail, or multifamily property please don't hesitate to contact me at 403.324.2222 or email firstname.lastname@example.org
Broker of Record
CENTURY 21 PowerRealty.ca