Edmonton Industrial Market Report Q1 2019

research article

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

Edmonton Industrial

Edmonton Industrial Market Report Q1 2019

For More Information, Please Contact:
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Craig Hennigar

Senior Director

Vancouver

Craig is a Senior Director in the Valuation and Advisory Services group at Colliers and holds the AACI, P.App and CFA designations.  He offers appraisal and consulting services in the Greater Vancouver and Fraser Valley area as well as throughout British Columbia with particualr focus on the following assets and services: Commercial Property, Industrial Property, Expropriation Valuation, Hospitality Property and Recreational Land, and Multi-Family Property.

Craig is the former Director of Market Intelligence for Canada as well as a real estate broker and appraiser with over 25 years of experience in commercial real estate with work experience is focused on providing strategic and transactional assistance to national real estate firms.  With professional experience in real estate research, valuation, development, management, finance, consulting, and portfolio management roles he has worked with all major asset classes for valuation of both income producing real estate as well as expropriation, development projects.  His client list includes firms in the finance, technology, aerospace, and logistical industries as well as real  estate firms and has additional work experience providing ongoing economic knowledge, research, forecasting and review of the Canadian and international environment.

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Rod Connop

Executive Vice President, Industrial | Brokerage

Edmonton

Rod Connop has been the leading producer within the industrial division of Colliers Edmonton office since 1996. His in-depth knowledge and professional guidance has provided tangible benefits to all clients; and, in turn, earned him an excellent reputation with all participants of the industrial real estate market. Rod’s strategic thinking and opinions are in demand as he participates in various presentations including an ongoing role as moderator at the Edmonton Real Estate Forum. 

Rod has extensive experience in industrial transactions covering a wide spectrum and including simple lease and turnkey lease, design build, build-to-suit/leaseback, sale/leaseback, construction management, sale of land, sale of vacant building to end users and the sale of leased investment properties.

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