Championing Exceptional Value
With over 15 years of real estate investing experience, Chad Griffiths provides an overview of the climate around Edmonton commercial space and opportunities within it, along with his view of the Alberta economy, both pre-March 2020 and what’s ahead. Broad uncertainty makes it difficult to identify where specifically the opportunities will be, but according to Chad, investing in long-term plays bears far less risk than banking on short-term gains in the Edmonton market.
Chad describes his bird’s eye view of the situation for property owners/landlords and companies/tenants. As a landlord himself, he is situationally utilizing a long-term outlook but a short-term focus. The best approach for investors anywhere is micro-perspective. Broken down by asset class, Chad speaks to commercial real estate—mainly industrial and retail offices—and the future of office space in a more traditional office setting. He is most optimistic about industrial real estate for the fact of continued manufacturing, continued need for warehouse space, and logistics.
In the latest episode of The Everyday Millionaire, Chad and Patrick share the upsides and downsides of owning commercial real estate along with the potential for a Canada-first approach to manufacturing and supply chain and what he sees as growth in the industrial landscape. Chad also speaks to the pivots he’s made during this unique time and the intentional actions and habits that have proven successful for him, which involved distinct action and value-add.