Search results

...omprising more than 800 real estate professionals in 26 offices across Canada and the U.S., the... ...ment services to owners and occupiers of office, retail, industrial and multi-residential properties.Formed by the union of Graeme Young & Associates of Alberta (1978) and Avison & Associates of Ontario (1989) and British Columbia (1994), Avison Young was created in 1996 to provide clients with more comprehensive real estate services at the local, national and international level. Over the next decade, new offices opened in Mississauga (1997), Montreal (2002), Quebec City (2003), Winnipeg and Regina (2004), Halifax (2006) and Ottawa (2007).In fall 2008, the shareholders merged the operations to create a single national entity: Avison Young (Canada) Inc. As a result, Avison Young became Canada���s largest independently-owned commercial real estate services company.Avison Young opened its first U.S. office in Chicago in early 2009.Avison Young opened its first U.S. office in Chicago in early 2009.In early 2009, Avison Young opened its first U.S. office in Chicago, followed by new offices in Washington, DC; Lethbridge, AB and Toronto North (2009); Atlanta, Houston, Tysons Corner, VA, Boston and Guelph, ON (2010); Dallas, Los Angeles and Las Vegas (2011).The company also acquired Toronto-based Darton Property Advisors and Managers in 2008; Virginia-based Appian Realty Advisors, LLC and Atlanta-based Hodges Management and Leasing Company in 2010; Virginia-based Millennium Realty Advisors, LLC and Los Angeles-based Ramsey-Shilling Commercial Real Estate Services, Inc. in 2011.Today, Avison Young has offices in Toronto (HQ) (2), Atlanta, Boston, Calgary, Chicago (2), Dallas, Edmonton, Guelph, Halifax, Houston, Las Vegas, Lethbridge, Los Angeles (2), Mississauga, Montreal, Ottawa, Quebec City, Regina, Toronto North, Tysons Corner, Vancouver, Washington DC, and Winnipeg. The company's advisory personnel, licensed brokers, commercial property managers, financial analysts, research professionals, marketing specialists and ...

... U.S. Offices About Profession... ...a OverviewDesignated as a ���beta world city,��� Houston is currently the largest city in the state of Texas and fourth largest in the United States. As reported by the latest U.S. Census estimate (2010), Houston has a population of 2.1 million within an area of 600 square miles. Additionally, in concert with its city rankings, Houston is the seat of Harris County and economic center of the Houston-Sugar Land-Baytown metropolitan area (���Greater Houston���), a 10-county area located along the Texas Gulf Coast.Houston���s economy boasts a broad diversity led by its energy, manufacturing, aeronautics, transportation and health care sectors, as well as being defined as a leading center for oilfield equipment creation. Only New York City is home to more Fortune 500 headquarters within its city limits.MarketsOfficeHouston is recognized worldwide because of its energy sector, particularly oil and natural gas, and is considered by many experts to be the energy capital of the world. Five of the six non state-owned energy companies maintain a base of operations in Houston, including Chevron, ConocoPhillips, Exxon-Mobil, Shell Oil (U.S. subsidiary of Royal Dutch Shell) and BP.Additionally, more than 5,000 energy-related firms consider Houston home, including headquarter locations for energy-related companies such as the Marathon Oil Corporation, Schlumberger, Halliburton, Apache Corporation and Citgo. To quantify, Houston���s office market currently totals approximately 270 million square feet, with approximately one-third of this product situated in the Central Business District and Galleria/West Loop submarkets. In addition to these two submarkets, many energy-related companies call the Energy Corridor submarket their home.RetailThe retail sector has started to turn the corner from the fallout witnessed between 2008 and 2010 despite sluggish job growth and low consumer spending levels. Compared with the retail boom in the early 2000s, the revival is modest, but has allowed the market to begin absorbing over-built space and, correspondingly, helped reduce vacancy levels and resulted in many major retailers planning future expansion. To further assist the turnaround, restaurant leasing remains strong, increasingly expanding anchor positions in many retail centers.IndustrialThanks to its broad diversity, and a healthy market that continues to hold vacancy levels in the single digits, Houston���s industrial real estate sector encompasses approximately 500 million square feet of flex and office/warehouse inventory. That total includes more than 130 million square feet in the Northwest submarket, Houston���s primary distribution hub, which ranks regularly in the top five nationwide. In addition, roughly 80 million square feet directly services the Port of Houston, which regularly ranks first in the U.S. in international waterborne tonnage handled and second in total cargo tonnage handled. InvestmentHouston continues to be one of the most active investment markets in the United States, attracting more and more international capital. Stabilized core assets with long-term tenancy are trading at historically-high capitalization rates and are setting pricing records on a price-per-square-foot basis for the entire Southwest Region. Investor types in the market today are from all categories including international and domestic REITs, pension funds and private capital. Strong investor interest will continue in the future due to Houston being regarded as the ���job creation capital��� of the United States. Avison Young in HoustonAvison Young���s Houston office was established in June 2010 by two industry veterans and continues to expand rapidly through the addition of well-respected and positioned professionals. The Houston office is well suited for energy-related partnerships with the company���s Alberta operations (Calgary and Edmonton), and continues to establish bonds with Avison Young���s offices throughout the U.S. and Canada....

... Canada Offices About Professi... ...s projects based in the northern part of the province. World-leading oil an... ...n BC and other Prairie provinces, the city provides a regional transportati... ...ted, and rapidly-expanding population of more than 1.2 million, which excee... ..., which all benefit from the presence of internally-renowned post-secondary... ...al economic challenges. Thanks to the city���s wide-open landscape, real esta... ...rriers and benefits from a high level of available land.MarketsOfficeLocated in the heart of the provincial capital, the downtown office market is heavily leased by Albe... ...tutions that occupy a sizable portion of the city���s office space. Engineering firms also have a strong presence in the office market. RetailGaining from steady growth in employment and income levels, the retail sector has expanded steadily over the past five to 10 years. Large Canadian chains have steadily expanded existing operations, and increasing numbers of American retailers have entered the market. Thanks to these expansion efforts and the internationally-recognized West Edmonton Mall, the city routinely leads the nation in per capita square footage for retail space. IndustrialEdmonton���s industrial real estate sector benefits from the presence of expanding local, national and international oilfield service, warehouse, distribution, and transportation firms. Unlike many other cities, Edmonton is not limited by a lack of industrial land. InvestmentInstitutional investors, including pension funds, REITs and public companies, are attracted to Edmonton in increasingly large numbers, along with private players who favour Alberta���s low corporate tax rates and the absence of a provincial sales tax. While institutional investors dominate the office sector, they have also invested billions in the retail, industrial and multi-residential markets. Private investors tend to have stronger footholds in the retail, industrial and multi-residential sectors.Avison Young in EdmontonAvison Young opened its office in Edmonton through the formation of Graeme Young & Associates in 1978. Since that time, Edmonton brokers have been market leaders in all asset categories while partnering on major projects with other Avison Young offices in Canada and the United States. Avison Young���s Edmonton office is well-suited for all types of commercial real estate transactions, and collaborates frequently with the Calgary, Vancouver and Toronto locations on a variety of office, retail and industrial leasing activities, a...

... Canada Offices About Professi... ...Area OverviewLethbridge is the centre of a trading area that serves 275,000... ...ta, British Columbia and Montana. The city is located in the southern portion of Alberta and is a one-hour drive from... ..., Lethbridge is a two-hour drive from Calgary and a five-hour drive from Ed... ...g, Lethbridge now has a diverse range of key industries. While agri-foods continues to thrive and remains one of the key industries, new and emerging sectors such as alternative energy and equipment-manufacturing are gaining strength. Among its multitude of attributes, Lethbridge boasts two nationally recognized post-secondary institutions, the largest research centre in Agriculture and Agri-Food Canada's national network of research centres, and a young, well-educated and ethnically-diverse population.With a growing population and consistent new business growth, Lethbridge boasts a stable economy. Over the past 10 years, the city���s comparatively low commercial real estate rental rates and housing prices have also provided lifestyle and business cost advantages. Service and trade industries generate over half of all the occupations in Lethbridge. Other occupations are diversified across the industries of manufacturing, public sector services, construction, transportation, finance/insurance/real estate, and primary industry. Lethbridge demonstrates lower unemployment rates than the provincial or national averages and consistently ranks among Canadian cities that have the lowest cost of doing business.MarketsOfficeThe office market comprises primarily the downtown core, while business parks have emerged on the city���s outskirts in recent years. Health care and government services organizations are the largest users. RetailLethbridge���s retail market has attracted several large Canadian and American retailers in recent years, including Wal-Mart. South Lethbridge is home to the majority of the city���s big-box developments while North Lethbridge has displayed recent growth. Of the city���s three sectors, West Lethbridge is experiencing the highest population growth resulting in renewed interest from new and existing local operators. With strong ongoing development activity, the outlook for West Lethbridge appears bright. IndustrialThe Lethbridge industrial real estate sector provides some excellent investment and development opportunities. With continuing low interest rates, more and more industrial clients are looking to own their own buildings, often in a strata-ownership structure to reduce land costs. In recent years, demand for small-bay space (2,000 square feet) has been quite strong.Avison Young LethbridgeAvison Young opened its Lethbridge office in 2009. It was launched by a team of highly-skilled professionals who had established themselves as very successful associates in both sales and leasing of commercial real estate in Lethbridge and the surrounding area. Lethbridge area brokers provide exceptional service and innovative solutions for their clients through the use of social media and other technologies. The associates work closely with other Avison Young professionals, particularly in Calgary and Edmonton, to facilitate national...