With uncertainty continuing to surround the Trans Mountain pipeline approval, coupled with both provincial and federal elections taking place this year, the Edmonton industrial market has remained relatively flat this quarter as industrial companies wait for a clearer picture before making decisions.
- The Western Canada Select (WCS) has recovered and stabilized since December sitting at $US 54.21 as of March 2019
- Overall vacancy rose slightly to 6.9%, up 0.3% since Q4 2018
- Typical speculative development has returned in a cautious manner with activity from Sunlife and Remington leading the charge
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