Land Development | EIA Corporate

Land Development

Development Opportunities 
land for every venture...

Edmonton - the centre of Canada’s economic action 

Alberta claims the title of Canada’s economic powerhouse — and the Edmonton region is at the centre of the province’s action. With its proximity to Alberta’s resource industries, transportation connections to domestic and international markets and a skilled workforce, Edmonton is the right place to grow your business.

Strong economy underlines thriving business environment

Edmonton’s economic engine is driven by its proximity to Alberta’s energy and natural resources, with a diversified base of business and industry selling to and servicing Alberta’s massive oil sands, oil and gas sector, agriculture and forestry. Edmonton also serves as the gateway to the North and to the very active Western Canadian market of over 10 million people.

 

Edmonton CMA key economic indicators

 

Second Quarter 2014

% Change over 2013

GDP (millions)

$85,645

+ 3.8%

Consumer Price Index (CPI)

130.86

+1.36%

Inflation

1.6%

-0.6%

Edmonton economic quick facts 

  • In 2014, Edmonton is expected to outperform Alberta — and significantly outperform Canada —in real GDP growth. 
  • Employment in the Edmonton region increased by 3.4% from January to December 2013 — almost three times the national average of 1.3%.
  • Retail sales are forecast to increase over 5% annually for the next five years. 

Edmonton International Airport - strategically located, cost-competitive industrial development
Excellent transportation network connects to markets and suppliers

Highways 

The Edmonton region is well connected to priority markets with its comprehensive highway network, with Highway 16 (Yellowhead) connecting east/west, Highway 2 (Queen Elizabeth II) leading south to major U.S. markets and north, leading to the oil sands. 

Rail and intermodal service 

Canadian National (CN) and Canadian Pacific (CP) railways provide full rail and intermodal services with CP’s new intermodal yard to be located near the airport off Queen Elizabeth II Highway. The EIA Cargo Village offers convenient access to two intermodal rail yards that provide inland and marine container service. 

Air services  
EIA serves nearly eight million passengers annually.  

Highlights: 

  • regularly scheduled flights to all major Canadian cities,
  • non-stop flights to more than 60 destinations,
  • non-stop flights to 12 key U.S. hub cities, and
  • non-stop flights to 15 international destinations. 

Cargo services 
Our cargo experts have a proven track record of exceptional service to businesses serving the Edmonton region. EIA’s air cargo volume grew by 8.3% in 2013 — and currently stands at six times the global average of 1.4%. 

Highlights of EIA’s new multi-tenant Cargo Village:    

  • 24-hour access year-round with no operational or noise restrictions,
  • 24-hour customs service and bonded warehousing,
  • a full range of air cargo services and facilities for all types of aircraft, and
  • among the lowest aviation fees, warehousing and real estate rates, handling charges, fuel costs and trucking rates in Canada

Cargo services are available from:

  • 11 airlines,
  • eight integrated couriers/freighter carriers,
  • three independent cargo handlers,
  • over 40 freight forwarders and customs brokers, and
  • six cargo-handling terminals (including three with coolers/freezers)

Locate at EIA — good for your business bottom line

Businesses on the go need to be located where the action is — where they can bring in materials quickly, access needed support such as customs or special handling instantly and then get to their customers without delay. That’s 21st century business. That’s what EIA industrial development offers.

Business zones available to suit tenant needs

Industrial development zone
EIA industrial development has an established core of light industrial (logistics and manufacturing). Currently under construction are:

  • a 30,000-square-foot (sf) freight forwarder building, and
  • a 215,000 sf building to house a ground transportation tenant.

Start of construction on a 50,000-square-foot building is scheduled for late fall 2014.

About 80 acres of serviced land is ready for vertical development with more than 2,000 acres of developable land available.

Airside development
Airside development land is immediately adjacent to existing and future runways. Uses include:

  • airline services,
  • flight kitchens,
  • air cargo,
  • courier services,
  • government inspection and regulatory facilities,
  • aircraft hangars, and
  • emergency response services

EIA has serviced 77 acres of land in the southeast quadrant of the airport, ready for vertical development.  

Highway commercial development
This development comprises over 230 acres with over 130 acres already serviced and ready for vertical development. Development will occur in two phases. Highlight developments opening in the fall of 2016 include:

  • Ivanhoe-Cambridge’s 450,000-square-foot outlet centre,
  • a restaurant campus,
  • additional retail,
  • the first building of an office campus, and
  • a second hotel.

Approximately 80 acres of retail/service is planned for the second phase of development. 


EIA’s major current tenants
  • Air Canada
  • Alberta Health Services
  • Big Eagle Services
  • DHL Express
  • FedEx
  • Ivanhoe Cambridge
  • Purolator
  • Renaissance (Marriott) Edmonton Airport Hotel
  • Rosenau Transport Ltd.
  • STARS
  • WestJet

Note: Airport flight paths allow building heights that meet the needs of our tenants.


EIA land leasing

With a range of cost-effective available serviced and unserviced land on the doorstep of the Edmonton region’s transportation hub, the EIA’s business zones offer developers opportunities that are not available elsewhere in the region.

The EIA’s long-term land lease arrangements offer several key advantages for tenants or developers:

  • Leases can be arranged for 50 years or longer, extending to 2072.
  • EIA current long-term lease valuations of available land are approximately $400,000 per serviced acre — about 20% lower than equivalent land purchase in the area.
  • The EIA will work with developers or tenants to suit specific needs.

Land cost comparison in the Edmonton region

 

Serviced land cost ($/acre)

Vacancy rate

EIA

$400,000

 

Nisku/Leduc

$525,000

4.4%

Southeast Edmonton

$775,000

3.1%

Northwest Edmonton

$675,000

2.8%

Long-term leases allow capital investment to be amortized over several decades, freeing up capital funding for other projects.

Cost-effective operating costs

Locating your business at EIA typically means lower operating costs than other regional industrial parks.  

EIA — your utilities service provider

As a fully equipped airport, EIA offers the following services to its tenants on a cost-recovery basis:

  • all utilities except natural gas,
  • protective and emergency services, and
  • permitting services in conjunction with Leduc County.

Dangerous goods handling is also available through other providers.

EIA utilities are cost competitive with any other location within the Edmonton region.

Competitive tax environment

Alberta enjoys competitive tax rates with other manufacturing and industrial centres in Canada — and with the U.S.

EIA shares Alberta’s favourable tax advantages and is cost competitive with urban centres including Edmonton. Highlights include:

  • no provincial sales, payroll or capital taxes,
  • no machinery and equipment (M & E) tax,
  • no levies, and
  • 10% provincial corporate tax.

 

Provincial corporate taxes

Alberta

10.0%

Ontario

11.5%

Saskatchewan

12.0%

British Columbia

11.0%

Alberta’s combined provincial and federal corporate tax rate of 25.0% compares favourably with the U.S. corporate tax rate of 39.2%.


The Edmonton region
a magnet for the best and brightest

Your enterprise also needs a range of skilled labour, ready and able to make your business take off — and able to meet today’s demands for connecting with multicultural customers.

Edmonton’s thriving economy has proven a magnet for workers from within Canada and from virtually every country around the globe with interprovincial and international migration forecast to continue its robust pattern for the next several years. As well, workers in the Edmonton region are comparatively young with a median age of 36.5 years and, with one of the highest productivity rates in the country, proven keen to work.

From world-renowned researchers to business leaders to skilled trades workers, the Edmonton region can meet your labour needs.

Edmonton CMA labour force snapshot

 

June 2014

% Change over 2013

Population

1.16 million

+3.8%

Labour force

787.5 million

+5.2%

Employment

744.3 million

+4.3%

Labour force participation rate

74%

+0.4%

Unemployment rate

5.5%

+0.8%

Net migration

38,511 (2013)

 

According to Statistics Canada, Alberta has the second highest labour productivity in Canada, well above the national average.

Wages – cost competitive with Alberta average

For most positions required by business and industry locating at the EIA, Edmonton-area wages remain competitive with other major cities.

 

Edmonton hourly

Management

$45.61

Business, finance & administrative

$26.23

Natural & applied sciences

$40.44

Sales & service

$46.44

Trades, transport & equipment operations

$28.85

Occupations unique to processing, manufacturing & utilities

$27.75


Greater Edmonton
a great place to live

Locating your business or enterprise at EIA offers a host of advantages — including the exceptional quality of life your employees will enjoy in the Edmonton region.

From homes to excellent schools and entertainment options, the Edmonton area communities are attractive, safe, vibrant – and affordable. RBC ranks Edmonton’s housing market as one of the top three most affordable among Canada’s major cities — an important factor in attracting a talented workforce.

From the big-city urban experience Edmonton offers to more intimate, family-oriented communities such as Leduc, your employees have their choice of quality urban life experiences with easy access to the EIA by public transit or private vehicle.

Edmonton tops Canada with the best quality of life and ranks fourth worldwide.

       - Numbeo’s 2013 Quality of Life Index

Post-secondary institutions meet business demands

With over 55% of Edmonton area residents attaining post-secondary education, Edmonton’s wide range of world-class post-secondary institutions and research facilities are supporting the needs of business and industry in the region.

In 2014, the University of Alberta was ranked 84th out of 2,000 universities by QS Top Universities. The university offers a host of disciplines that value their connections with industry.

The Northern Alberta Institute of Technology (NAIT) is the largest apprenticeship trainer in Canada with the capacity to train about 15,000 apprentices annually in 33 trades.

MacEwan University, one of Edmonton’s newest universities, offers several commerce courses of study —including the MacEwan School of Business Asia Pacific management program and the supply chain management co-op program.