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Edmonton Industrial Market Report Q2 2021

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research article
By Kathleen Antonakis

With all restrictions lifted on Canada Day in Alberta, and vaccination rates continuing to ramp up, there is a general sense of optimism the industrial market will experience further improvement for the remainder of 2021.

  • The Greater Edmonton industrial market saw more than 1 million square feet of absorption, which resulted in an overall decline in vacancy to 6.6%, 40 basis points (bps) less than March 2021, and total of 80 bps year-to-date.
  • With continued and increasing demand for warehouse space, additional speculative building announcements were made this quarter. Most notably, Panattoni began construction on the 548,000 square foot Building 3 at Apex Business Park (Northwest Edmonton).
  • Alternate energy sources are also top of mind these days and there are currently two Hydrogen plant announcements that were made in the Edmonton area this quarter. 
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Edmonton Industrial Market Report Q2 2021

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For More Information, Please Contact:
Richard Darling | Colliers | Edmonton

Richard Darling

Managing Director, Edmonton

Edmonton

+1 780 969 3030
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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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