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Research

National Industrial Dashboard Q3 2017

National Industrial Dashboard Q3 2017

National Industrial Dashboard Q3 2017

  • Negligible employment growth aside from Ottawa, which is now the third tightest market with 3.9% vacancy and increasing net rents. 
  • Alberta leads in Industrial GDP - Calgary has seen significant decline in vacancy of 110 Bps YoY. Is Edmonton going to see the same with the present growth? 
  • Amazon's announcement on October 26, 2017 to build a new 600,000 SF distribution centre highlights the potential for continued growth in the Calgary market.
  • Edmonton and Toronto have seen double-digit asking rent growth.
  • Toronto still has the second lowest net rent, despite having the lowest vacancy rate by a significant margin. Large format spaces may be contributing to this factor.
  • Vancouver's low vacancy rate is driving significant pre-sale and pre-lease activity.

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