Edmonton Industrial Market Report Q4 2019

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research article

Alberta’s economic recovery continues to be stymied by the ongoing challenges facing the energy sector with delays in pipeline approvals and general headwinds forced by an industry being impacted by activists. 

  • The Trans Mountain Pipeline broke ground west of Edmonton in December and construction is estimated to take 30 to 36 months.
  • Edmonton’s unemployment rate continued to climb and reached 8.0% in December, leading all Canadian major cities as the national unemployment rate rests at 5.9%.
  • Edmonton’s industrial market seemingly stabilized during the fourth quarter with the overall vacancy rate dropping by 0.1%.

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Edmonton Industrial Market Report Q4 2019

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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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