The HM Commercial Report provides an in-depth analysis of the Commercial Real Estate Market in the Okanagan. In the Fall 2019 edition of this report we focus on five different sectors of the market: Land & Development, Investment, Retail, Office and Industrial.
View 2019 Full Report
The HM Crystal Ball – Fall 2019
Most Canadians would agree that we want to have affordable housing for our children and the less fortunate. So, how can this be best achieved through government policies? We may not have a crystal ball, but we’ve turned to the experts to ask for their opinions on the future of affordable housing.
Land & Development Report – Fall 2019
Centrally located land is still in high demand in Kelowna. Demand for commercial space along major roadways also remains strong, as there isn’t much available.
Investment Report – Fall 2019
This year has seen a number of very large multi-family apartment sales in Kelowna, with cap rates below 5%.
Retail Report – Fall 2019
Big box retail deals remain few and far between, while restaurants and businesses in beauty, healthcare and fitness continue to drive demand.
Office Report – Fall 2019
The office market got to a healthy, balanced state in the past year. But it has come close to experiencing a vacancy pinch recently with the Innovation Centre, Landmark 6 and the McIntosh Centre all 100% leased.
Industrial Report – Fall 2019
The industrial market is still on fire in Kelowna, with demand outpacing supply and new development being pushed out further from the core.
HM Commercial Report Release Party
Every year we invite investors and industry professionals to our annual Commercial Report Release Party. Contact us to express your interest or for more information.
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We are committed to providing clients with an elevated experience and to delivering exceptional service and results. We are system and process driven and strive to be leaders and information providers in our local market. Specializing in acquisition and disposition of commercial real estate with over 40 years of combined experience. We do things differently and it works.
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