StarMetro Calgary - - CREB NOW -

From strate­gic ac­qui­si­tions (and) year-over-year in­creases in both rental and oc­cu­pancy rates, to the open­ing of Cana­dian Tire in the com­pany’s first ur­ban lo­ca­tion in the Beltline, 2018 proved to be a suc­cess for First Cap­i­tal Re­alty in Cal­gary.

From a mar­ket per­spec­tive, 2018 was an in­ter­est­ing year, where the re­tail mar­ket re­mained strong and we wit­nessed a slow­down in the res­i­den­tial mar­kets. This has led to in­creas­ingly im­por­tant joint-ven­ture part­ner­ships.

Mov­ing into 2019, I be­lieve the mar­ket will see a con­tin­ued in­ter­est in those part­ner­ships, inevitably lead­ing to larger and more cre­ative projects. The re­tail mar­ket will re­main strong in 2019, with a trend to­wards in­creas­ing rents and oc­cu­pancy, es­pe­cially in prime lo­ca­tions such as the Beltline.”

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