Q1 2023 Commercial Market Report

The HM Commercial Report provides an in-depth analysis of the Commercial Real Estate Market in the Okanagan. In the Q1 2023 edition of this report we focus on five different sectors of the market: Land & Development, Investment, Retail, Office and Industrial.

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HM Crystal Ball – Q1 2023

Despite current economic challenges, what’s the long-term view of the okanagan? Thoughts from this year’s panel of industry experts.

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Land & Development – Q1 2023

What a difference a year – in fact, a few months – makes. Up until may ‘22, the demand for development land was insatiable as developers scrambled to find zonedland to bring new product to market.

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Investment Report – Q1 2023

Similar to land for development, the investment sector has seen some radical changes.

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Retail Report – Q1 2023

The retail market is healthy and the total amount of occupied space in Kelowna continues to hit an all-time high year over year.

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Office Report – Q1 2023

Kelowna’s office market is still active with employers embracing the trend of a post-covid revolution.

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Industrial Report – Q1 2023

The industrial sector has seen some big shifts in the market over the past year.

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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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