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E-commerce is driving innovation in land use & planning, even development as a whole. Bricks and mortar retail needs to adapt as CNN predicts 25% of shopping centres could go bankrupt in the next 5 years.
Demand for land remains strong in Kelowna, in core urban areas and single-family lots in residential areas further away from the centre of the City.
The investment market remains incredibly tight, largely due to a constricted supply and continued demand.
Retailers in Kelowna are reporting that customers still have a desire to shop in person, which is good news for local businesses
It was a productive year in Kelowna when it came to the absorption of office spaces.
Kelowna is struggling to keep up with demand when it comes to industrial spaces, continuing on with the trend from last year.
The HM Commercial Report provides an in-depth analysis of the Commercial Real Estate Market in the Okanagan.
In the Fall 2018 edition of this report we focus on five different sectors of the market: Land & Development, Investment, Retail, Office and Industrial.
2700 Richter St. Kelowna, BC V1Y 2R5
Macdonald Realty Kelowna