Marketbeat – Industrial
Q4. 2023 Industrial
Posted: February 2024
The fourth quarter of 2023 saw 473,877 SF in positive net absorption, with overall YTD leasing activity hitting 2.09M. The overall vacancy rate for the Greater Edmonton Metropolitan Region rose to 3.9%, up 30 basis points from 3.6% in the third quarter of 2023.
View Report PDF
Q3. 2023 Industrial
Posted: November 2023
As of August 2023, Edmonton ranks 4th nationwide in inventory at 202.5M SF and second in Market Construction at 3.78M SF. Leasing activity saw over 925,000 SF in net absorption, an 84% increase compared to Q2, predominately driven by activity inside the 10,000 – 30,000 SF tenancies.
View Report PDF
Q2. 2023 Industrial
Posted: July 2023
Edmonton’s industrial market thrives with strong net absorption, lower vacancy rates (3.7%), and potential for rent rate growth (8% annually by mid-2024). Promising future with ample opportunities and consistent inventory additions.
View Report PDF
Q1. 2023 Industrial
Posted: April 2023
In 2022, Alberta finished at the top end of the provincial economic growth charts and is expected to continue to outperform o the r provinces in the coming years. Analysts predict that Alberta’s GDP will grow by 2% in 2023. While rising interest rates and inflation continue
View Report PDF
Q4. 2022 Industrial
Posted: January 2023
The Edmonton industrial market continues to gain momentum, with vacancy dropping to 3.6% market-wide. Rents increased by 3.5% year-over-year (YoY) and are expected to increase further in 2023.
View Report PDF
Q3. 2022 Industrial
Posted: November 2022
Edmonton’s industrial market continues to gain momentum, dropping to 3.6% vacancy market-wide. The Edmonton market saw 1,231,998 square feet of positive absorption.
View Report PDF
Q2. 2020 Industrial
Posted: July 2020
The overall vacancy rates increased quarter-overquarter (QoQ) to 6.7%, a rise of 60 basis points (bps), and an increase YoY by 90 bps. The majority of vacancy increases were observed in Acheson and…
View Report PDF
Q1. 2020 Industrial
Posted: April 2020
Edmonton’s industrial market continued a trend of rising overall vacancy rates, increasing by 20 basis points (bps) quarter-over-quarter.
View Report PDF
Q4. 2019 Industrial
Posted: January 2020
The Edmonton industrial market recorded 1.7 million square feet (msf) of new supply in 2019, about 8.7% lower than in 2018. Edmonton’s overall industrial market recorded 198,000 square feet (sf) of…
View Report PDF
Q3. 2019 Industrial
Posted: October 2019
Edmonton’s industrial market vacancy remained relatively flat at 5.5% in the third quarter of 2019, only increasing by 100 basis points (bps) year-over-year. This quarter saw an uptick in activity…
View Report PDF
Q2. 2019 Industrial
Posted: August 1, 2019
Industrial vacancy remained flat at 5.4% in the second quarter of 2019 as several large industrial spaces have been leased but was offset by a few blocks of space that returned to the market.
View Report PDF
Q1. 2019 Industrial
Posted: May 13, 2019
It was a slow start for Edmonton’s industrial market as the overall vacancy rate stabilized at 5.9% and the lease vacancy rate remained unchanged from last quarter at 5.4%.
View Report PDF
Q4. 2018 Industrial
Posted: January 31, 2019
Edmonton’s industrial market experienced slower growth than anticipated in the fourth quarter of 2018, as lease vacancy increased to 5.4% from 4.5% last quarter.
View Report PDF
Q3. 2018 Industrial
Posted: November 13, 2018
Edmonton continues to show strong growth through the third quarter of 2018 as manufacturing climbed across the province, unemployment has dropped 2.0% over the course of the past year, and expectations for GDP growth in the Edmonton area is expected to reach 2.6% by the end of the year.
View Report PDF
Q2. 2018 – Industrial Market Beat
Posted: August 13, 2018
Edmonton’s industrial market has continued to improve, with a decrease in vacancy of 50 basis points from last quarter to reach 5.0% in the first quarter of 2018. Over 180,000 square feet (sf) 5.0% in the first quarter of 2018. Over 180,000 square feet (sf) 5.0% in the first quarter of 2018.
View Report PDF
Q1. 2018 – Industrial
Posted: April 24, 2018
Edmonton’s industrial market has continued to improve, with a decrease in vacancy of 50 basis points from the last quarter to reach 5.0% in the first quarter of 2018.
View Report PDF
Q4. 2017 – Industrial
Posted: January 16, 2018
Edmonton’s industrial market experienced a strong finish to 2017, as lease vacancy retreated to 5.5%.
View Report PDF
Q3. 2017 – Industrial
Posted: October 18, 2017
Although the current market has remained flat over the past quarter, we foresee steady improvement in Edmonton’s industrial markets over the coming months.
View Report PDF
Q2. 2017 – Industrial
Posted: July 24, 2017
The Albertan economy recovery has begun to impact the Edmonton industrial market, as second quarter lease vacancy dropped to 5.9% with 674,600 square feet (sf) of overall absorption through Edmonton’s submarkets.
View Report PDF
Q1. 2017 – Industrial
Posted: April 30, 2017
Improvement in the industrial market depends on the fortunes of the overall Albertan economy, and will likely lag an economic recovery.
View Report PDF