Edmonton Industrial Market Report Q2 2020

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research article

The overall vacancy rate for the Greater Edmonton Area stayed stable this quarter; however, the vacancy rate within Edmonton proper shrunk while the vacancy rate significantly increased in the surrounding areas.

  • Edmonton was severely impacted by shutting down the economy as the unemployment rate rose to 15.7% in June, the highest unemployment rate in Canada.
  • As the economy started to reopen, the willingness to renew leases and rent out new spaces increased.
  • Leduc/Nisku saw an increase in vacancy from 6.5% in the first quarter to 8.1%. Leduc/Nisku have many larger warehouse and industrial spaces that are tied to the oil and gas industry

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Edmonton Industrial Market Report Q2 2020

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For More Information, Please Contact:

Richard Darling

Managing Director, Edmonton

Edmonton

Richard joined Colliers In November 2019.  He previously spent 25 years in the B2B space, more specifically Industrial Distribution supply.  The last 15+ years in various senior leadership roles across Canada spanning Sales & Operations.  During this time Richard  had the opportunity to work on cross border (USA-CDA) contract negotiations with property management, food & beverage, manufacturing and Professional Services organizations ultimately executing against those contractual commitments at a local level.  Primarily focused on National Account clients the team Richard was responsible for targeted and supported multiple sectors including Oil & Gas, Utilities, Construction, Forestry, Mining and Transportation.   Previously, Richard's operational responsibility was managing the operations of a branch network in Alberta & SE BC with full P&L responsibility including  customer service, inventory, sales and operations.

 

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