A recent report from Colliers International outlines the different industrial building within Edmonton and surrounding areas. The results are as follows:
ALBERTA HEARTLAND
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $175,000 – $400,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $9.00 – $15.00/sq.ft.
Op. Cost: $2.00/sq.ft.
Business Taxes: N/A
Property Taxes: $1.20/sq.ft.
STRATHCONA/SHERWOOD PARK
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $500,000 – $600,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $9.00 – $16.00/sq.ft.
Op. Cost: $2.50/sq.ft.
Business Taxes: N/A
Property Taxes: $1.30/sq.ft.
PARKLAND COUNTY
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $400,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $9.00 – $15.00/sq.ft.
Op. Cost: $2.00/sq.ft.
Business Taxes: N/A
Property Taxes: $1.20/sq.ft.
FORT McMURRAY
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $1,000,000 – $2,000,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $33.00 – $43.00/sq.ft.
Op. Cost: $3.00/sq.ft.
Business Taxes: N/A
Property Taxes: $1.30/sq.ft.
LEDUC COUNTY/NISKU
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $350,000 – $400,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $9.00 – $15.00/sq.ft.
Op. Cost: $2.37/sq.ft.
Business Taxes: N/A
Property Taxes: $1.20/sq.ft.
ST. ALBERT
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $500,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $8.00 – $12.00/sq.ft.
Op. Cost: $2.75/sq.ft.
Business Taxes: $0.70/sq.ft.
Property Taxes: $1.30/sq.ft.
NORTHWEST EDMONTON
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $600,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $11.00/sq.ft.
Op. Cost: $2.70/sq.ft.
Business Taxes: $0.50/sq.ft.
Property Taxes: $1.25/sq.ft.
NORTHEAST/CENTRAL EDM.
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $450,000 – $500,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $14.00/sq.ft.
Op. Cost: $2.75 – $3.00/sq.ft.
Business Taxes: $0.50/sq.ft.
Property Taxes: $1.75/sq.ft.
SOUTHEAST EDMONTON
Building Area: 25,000 sq.ft.
Site Area: 2 acres
Land Cost: $600,000 – $700,000/acre
Building Cost: $2,750,000 ($110.00/sq.ft.)
Rental Rate: $10.00 – $12.00/sq.ft.
Op. Cost: $2.75 – $3.00/sq.ft.
Business Taxes: $0.50/sq.ft.
Property Taxes: $1.75/sq.ft.
To obtain the full report from Colliers you can click here.
