The latest issue of BOMA Edmonton Industry Insights & News: June 19, 2024

PERFORM BETTER WITH BOMA

BOMA Edmonton is a leading commercial real estate association that helps members reach their performance goals. High-performing buildings, people, and portfolios are essential to your success, and we help make that happen.

• The 2024 BOMA Edmonton Downtown Safety & Vibrancy Survey for businesses and properties. Help shape downtown Edmonton by participating in the short survey. 
• BOMA Edmonton shared insights from a fireside chat held with Premier Danielle Smith about the future of Edmonton's commercial real estate and infrastructure.
• Alberta Municipalities president Tyler Gandam was a guest on Municipal Affairs with Chris Brown to discuss how Bills 18, 20, and 21 have put municipal and provincial relations to the test.
• Sportico profiled Rogers Place, one of the most prosperous arenas in the NHL, and the ICE District.
• In 2023, the Edmonton International Airport offered more than 1,500 drone flights, becoming the first airport in Canada to provide cargo-delivery drone services in controlled airspace.
• The City of Edmonton’s new HotSpot Parking App became available to Edmonton customers on May 14.
• Coun. Tim Cartmell is set to introduce a motion to ask set to ask administration to calculate how much money the city could make if it sold undeveloped sections of Blatchford to private developers.

Safe Communities and Vibrant Economies

• The City of Edmonton plans to demolish the former Dwayne's Home transitional housing facility, located at 100 Avenue and 102 Street.
• Leaders from NorQuest College and MacEwan University are advocating for the creation of an education district in downtown Edmonton to accommodate expected student population growth of 30% to 50% by 2030.
• The federal government is moving public servants from downtown, citing safety concerns.
• The City of Edmonton launched an interactive dashboard to share progress on its Economic Action Plan goals.
• Edmonton continued as the leader in rent growth among Canada’s largest cities, posting a 14.6 per cent annual increase in asking rents for apartments. Read more.

Fair and Equitable Taxation, Regulation and Policies

• Spring capital budget adjustment. City administration recommends increasing the 2023-2026 capital budget by $262.6 million, scheduled for debate on June 11.
• BOMA Edmonton and BOMA Calgary conducted a survey of members to find out the impact of an elevator safety code that could come into effect Oct. 1, 2024. Based on the results, the two organizations jointly submitted a letter to Minister Rick McIver, Alberta Municipal Affairs asking for more time and consultation with Industry. Learn more.
• The Safety Codes Council has released a comparison document for the National Fire Code editions from 2019, 2020, and 2023.

Building Excellence (Sustainable, Smart, Healthy)

• Navigating New Zero: A Roadmap for Commercial Building Owners May luncheon presentation now available to watch.
• How to Leverage A.I. in Property Management PDF guide released by BOMA International.
• BOMA BEST Smart is now recognized by GRESB. BOMA BEST is excited to announce that GRESB is now recognizing the BOMA BEST Smart Program. Having a BOMA BEST Smart certification will earn partial points for BC1.2 Operational Building Certifications. BOMA BEST Smart will be included in Appendix 4a of the 2024 GRESB Real Estate Assessment Reference Guide and will be selectable in the GRESB Asset Portal starting June 8th. This inclusion underscores the growing importance of smart and sustainable building certifications in global real estate benchmarking. For more details, refer to the GRESB Real Estate Assessment Reference Guide.

• Bee-Clean Building Maintenance introduced a new window washing unit that uses only water pressure, eliminating the need for chemicals, gas, and electricity.
• PCL Construction announced the final episode of its Behind Our Builds Series, highlighting Windermere Fire Station 31's geothermal and solar power features and its role as a post-disaster shelter.

Diversified and Educated Talent

• Spartan Controls' Nannette Ho-Covernton received the 2024 Women in Engineering & Geoscience Champion Award from APEGA for her contributions to diversity and support for women in engineering and geoscience.
• BOMA Edmonton has formed a partnership with MacEwan University’s School of Business and Property Management Minor to bring members of the BOMA Edmonton Emerging Leaders Committee, such as Dan Hein of Aspen Properties, to high school classrooms to showcase careers in commercial real estate, highlighting property management.

Demo of the Government of Alberta’s New Site Selector Tool - Free Webinar

June 26, 2024 (12:00 PM - 1:00 PM)

Brokers, property owners and managers, economic developers, and others in the Edmonton Metro Region are invited to this live overview of the Government of Alberta's new Site Selector Tool.

• Learn more from GoA reps.
• Ask questions and provide feedback to shape the tool.

The Alberta Site Selector Tool is a self-serve digital platform that helps businesses and investors find and evaluate suitable commercial properties to expand or locate their business in communities across Alberta. This user-friendly tool empowers users by providing advanced filtering options that combine available property listings with insights on local economic conditions, industry data and proximity to crucial infrastructure. Together, this information helps prospective investors and businesses make well-informed decisions about where to locate their business in Alberta.

Use this tool to:

• Explore available properties and land based on criteria such as community, property/land type, cost and size
• Map a property’s proximity to vital infrastructure, land features, various economic and demographic traits within a community and more
• Generate a shortlist of properties that align with your specific business needs

Other Upcoming Events

• Taste of Edmonton Event presented by Skys the Limit Window Cleaning: Thursday, July 18

Our job board features positions available from BOMA Edmonton members. If you are looking for a new opportunity, check out the exciting openings.

RECENTLY POSTED

• Leasing Professional, ONE Properties
• Associate Director, Valuation and Advisory Services, Colliers
• Property Administrator, Canderel
• Senior Director of Marketing, WEM

BOMA BEST is a series of programs that are both certifications and building management tools. They encourage smart and sustainable solutions for existing buildings, promoting health, efficiency, cost-effectiveness, and low-carbon performance. Its certification represents a globally recognized symbol of sustainability achievement and is driving change. Congratulations on these recent certification earners.

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