VCREP #51 | How to Buy a Six Percent Industrial CAP Rate, with Bronwyn Scrivens

As interest rates rise, investors are on the lookout for higher cap rate properties but where can you find these assets?On the show this week Cory and Adam welcome Bronwyn Scrivens from Omada Commercial Real Estate in Edmonton, Alberta to discuss Alberta’s growing industrial market and how that compares to BC's unprecedented prices.Bronwyn shares how Alberta is receiving the halo effect from BC's tight vacancy rates and staggering acquisition costs and what tenants and developers are now looking into when it comes to Alberta vs BC. Cory and Adam's are left wide-eyed when the cost of land and price per foot of key industrial areas are exchanged and just how much massive growth BC has seen over the years.As Edmonton and Calgary face off in the second round of this year's NHL Playoffs, the battle of Alberta is also happening off the ice as both cities look to have bounce back years in 2022 in the commercial real estate world.