Edmonton Industrial Market Report Q4 2019

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

For More Information, Please Contact:
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Richard Darling

Managing Director, Edmonton

Edmonton

My background has been in Sales & Operations in the B2B (Business to Business) space, more specifically Industrial Distribution supply.  I have spent 25 years in various roles with over 15+ years in leadership spanning across Canada.  During this time I have 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 the National Account customers I have had the most responsibility & exposure with the last number of years span across multiple sectors including Oil & Gas, Utilities, Construction, Forestry, Mining and Transportation.   Previously, the operational responsibility I have was managing the day to day operations of our branch network in Alberta with full P&L responsibility, customer service, inventory, sales and operations including the expansion, retraction or relocation of branches.

 

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