Fall 2020 Commercial Market Report

The HM Commercial Report provides an in-depth analysis of the Commercial Real Estate Market in the Okanagan. In the Fall 2020 edition of this report we focus on five different sectors of the market: Land & Development, Investment, Retail, Office and Industrial.

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Land & Development Report – Fall 2020

Well located commercial land is being absorbed for mixed-use developments and high quality industrial land is also at a premium. Record pricing for land has been set in 2020, as demand for density in key locations drives prices higher.

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Investment Report – Fall 2020

Although the effects of COVID-19 have yet to be fully realized, the pandemic has certainly impacted the market.

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Retail Report – Fall 2020

In recent years, Kelowna has started to establish a reputation for on-trend retail stores and restaurants, which helped cement our city as a thriving place to be, year round.

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Office Report – Fall 2020

Office space has been a trending market in Kelowna and with all the positive regional economic indicators and demand for businesses to have a presence in the city, the long term outlook is still bright.

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Industrial Report – Fall 2020

Industrial remains the city’s hottest sector, largely due to the extreme shortage of Developable land in centrally located areas. Kelowna, which has 38% of its land in ALR, is often compared to Victoria because of its land-locked supply and premium pricing.

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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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