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Royal Lepage Royal Lepage Kelowna Commercial -  Rob A. Archibald

Market Information

Summer/Summer 2014

The Industrial, Commercial and Investment market has seen significant activity in 2014. For the first time since 2005, clients are once again investing in vacant land. This is definitely not limited to one sector.

Retail and professional development, industrial acquisitions, vacant land for multifamily residential and others are all sought after, and being purchased.

Major businesses are seeing opportunities in relocating, expanding, and developing in and around Kelowna. Several who have operated from less desirable, or less visible locations are suddenly expressing sincere interest in locating in prime areas. And they are willing to invest into long term, up market buildings, whether as tenants in build to suits, or purchasers developing their own impressive statements!

Other interesting observations include seeing International Corporations from outside Canada currently looking for new opportunities to have a presence in our community.

If what we are witnessing in the present market continues, it seems reasonable that anybody thinking along the lines of purchasing land, tenanted buildings, or vacant buildings to retrofit, should do their due diligence and make those decisions sooner rather than later.

In any event, now would be a wise time to investigate all Real Estate options.

Specializing In

Investment Real Estate

Development Property

Professional Industrial and Commercial Leasing