Commercial Real Estate News

Nisku Welcomes Noble Offsite LTD.

Edmonton, Alberta: March 14, 2022 – AICRE is pleased to announce the recent lease transaction to NOBLE OFFSITE LTD. The Alberta-based company originated in Aldersyde Alberta and recently completed its move with a lease for 17,000 square feet on 4.7 acres at 1211 8A Street, Nisku, Alberta. Noble Offsite Ltd is a leader in Western Canadian offsite building, an up-and-coming part of Canada’s construction market. Offsite construction is the process of fabricating and assembling a building at a location other than the actual area for rapid assembly at the site.

“The Nisku and Leduc industrial real estate market is quickly tightening up. We are seeing lease rates and asset values increase on the back of a surging oil price and continued demand for both warehousing and manufacturing facilities. The cost of new builds and improvements to existing spaces will impact base lease rates and Tenants should expect pushback on aggressive Lease inducement requests” said Jim McKinnon, partner at AICRE and who facilitated the above-mentioned lease transaction.

Market March 2022: Alberta’s market continues to strengthen and recover as oil prices reach $115 (US) WTI a barrel and unemployment rates return to pre-COVID levels (7.2%). For more information, contact:

Jim McKinnon at 780-719-8183 or jim@aicrecommercial.com

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About AICRE Commercial
AICRE Commercial is a full-service brokerage that specializes in Albertan Commercial and Industrial real estate. The brokerage offers tenant and landlord advisory services, as well as purchaser and vendor
representation and full-service real estate solutions. For more information, please visit https://aicrecommercial.com/ or LinkedIn.


Press Contact
Katie Parent
780-655-5988
katie@aicrecommercial.co