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Investment into Edmonton’s multifamily market has already hit $1 billion in 2024

This year’s multifamily tally could exceed the market’s total performance in 2020

Newly built suburban properties, like Park Centre Place in Sherwood Park, have attracted nationwide interest (Michael Mulligan/CoStar)
Newly built suburban properties, like Park Centre Place in Sherwood Park, have attracted nationwide interest (Michael Mulligan/CoStar)

The Edmonton market is on the doorstep of putting together three years with over $2 billion in commercial property trades in the multifamily, industrial, office and retail asset classes. Before 2022, the mark had only once been met: in 2018, when allocation ranged from 34% industrial to 16% multifamily. Office and retail contributed 28% and 21%, respectively.

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