Edmonton posted $1.6 billion in commercial real estate sales in the first half of 2013, up almost $350 million from the same period in 2012 but still far below the heady days before the 2008 recession.
In 2007 commercial property sales in the city peaked at $4 billion, according to Avison Young. This year a single sale - Sherwood Park Mall - accounted for nearly 75 per cent of all commercial values in the first half.
As in Calgary, land sales were the most popular purchase in the first half of 2013 in Edmonton, accounting for 42 per cent of all commercial real estate transactions.
from Western Investor November 2013
