Edmonton leads country in retail construction
BY BILL MAH, EDMONTONJOURNAL.COM JANUARY 19, 2012 3:06 PM
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More retail space is under construction in Edmonton than anywhere else in the nation, says a new report by commercial real estate firm CBRE.
Photograph by: Ed Kaiser, Edmonton Journal
EDMONTON - More retail space is under construction in Edmonton than anywhere else in the nation, says a new report by commercial real estate firm CBRE.
“This energy-based economy is really driving a lot of things in this city from residential construction to industrial demand and when there’s low unemployment, people are buying so retailers are strong,” said Dave Young, senior vice-president and managing director of CBRE’s Edmonton office.
“Will the other shoe fall? I don’t know, but right now and going into 2012, we’re pretty bullish on all markets and retail definitely will be strong for the coming year.”
http://www.edmontonjournal.com/business/...y+retail+construction/6020621/story.html