Edmonton Industrial Market Report Q1 2021

Despite the ongoing cyclical pandemic pattern of rising infection rates leading to lock downs and restrictions, followed by reduced infection rates allowing an easing of the restrictions, and then a return to the rising rates, there seems to be a belief that improved times are in the near future.

During Q1 2021 the greater Edmonton industrial real estate market experienced positive absorption of over 1 million square feet and vacancy rates dropped 60 basis points (bps) to 7.0% over the quarter, the lowest since Q1 2019.
Leasing activity throughout the quarter was strong, primarily on the back of the rapidly growing need for distribution space.
Along with the increase in leasing activity and investor interest this quarter, there is significant construction activity. Multiple speculative projects are underway.

Edmonton Industrial Market Report Q1 2021

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For More Information, Please Contact:

Richard Darling

Managing Director, Edmonton

Edmonton

+1 780 969 3030

As Managing Director of Colliers International, my primary focus is attracting and retaining top, diverse, and innovative commercial real estate professionals for the Edmonton and surrounding markets. I have a proven track record in architecting strategic business plans, negotiating complex contracts, strengthening partnerships with key accounts and driving operational and financial excellence in highly competitive markets.

As a strategic leader with experience spanning operations, sales management and process improvement, I pride myself on building an office culture that is collaborative, high-performing, and inclusive. I act as a coach to ensure you have what you need to build and grow your commercial real estate practice. I am always looking to network with talent specialized in all asset classes that can help contribute to this culture. Please feel free to send me a connection request!

Prior to Colliers, I've gained invaluable experience working cross functionally with all facets of an organization. This has included shared services across multiple markets including the US. Building relationships with key internal stakeholders in order to improve team performance and overall customer experience. I have presided over the expansion of National sales activities across major sectors that included oil & gas, forestry, mining, transportation, construction, manufacturing & property management to drive revenue and profitability improvements for long term financial stability.

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