Marketbeat – Industrial

Q1. 2024 Industrial

Posted: February 2024

Activity in the capital region saw 596,443 sf in net absorption, with over vacancy dropping 10 basis points to 3.8% in Q1 2024.

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.

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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.

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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.

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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

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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.

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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.

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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…

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Industrial Q1 2020

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.

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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…

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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…

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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.

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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%.

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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.

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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.

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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.

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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.

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Q4. 2017 – Industrial

Posted: January 16, 2018

Edmonton’s industrial market experienced a strong finish to 2017, as lease vacancy retreated to 5.5%.

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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.

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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.

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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.

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