Economic update

Note:

Economic figures are provided on an information basis, and are considered accurate at the time of research. Strathcona County does not accept any liability for any inaccuracies.

Who we are

Latest update

Latest update

  Economic Update (3.8 MB)  

 

  • Population: 98,044 (70,618 urban, 27,426 rural)
  • Private dwellings: 36,354 
  • Average household income: $160,655
  • Average age: 39
  • Population with certificate, diploma or degree: 94%
  • Population increase: 6% since 2011
  • Municipal revenue sources: 65% non-residential, 35% residential
  • Average resale value (single family home): $422,696

What we are

Retail update

  • New inventory: 150,000 square feet
  • Vacancy: 4.59% for non-committed buildings

Office real estate

  • Office vacancy: 28.51%
  • Average lease: $13-22 square foot
  • Occupancy costs: $8-9 square foot

Industrial real estate

  • Industrial vacancy: 9.14%
  • Vacancy direct: 1.4% 
  • Serviced land cost: $800,000 acre

Please reference Economic Directions 2017 for other valuable data.

*Sources: 2016 statistics, Colliers International Q1 2017

Last updated: Wednesday, January 17, 2018
Page ID: 44048