Now, with oilsands activity heating up, the industrial market is powering ahead, says Vince Lachance, co-owner of SCR Commercial Realty.

“As we see the upgraders develop as well as more secondary, value-added manufacturing, those are the (tenants) that will require the two or four-acre sites and the 20,000-square-foot warehouses. So it’s looking pretty solid.”

Lachance doesn’t expect this up cycle to flame out like the last one. He believes this is the start of an extended period of growth.

“We think there’s going to be steady growth over the next eight, 10 or 12 years in this region. Hopefully people learned from some of the mistakes made in the last go round,” he says.

Read More....