Skip to main content Skip to footer

Edmonton Industrial Market Report Q2 2022

Download Report
research article

The Greater Edmonton Area’s industrial market continued to experience high leasing volumes even as demand slightly slowed throughout the quarter.

  • Vacancy dropped 220 basis points (bps) year-over-year (YoY) but only declined by 20 bps closing at 4.4% in the second quarter.
  • The industrial market experienced positive absorption for the 8th consecutive quarter, with 418,070 square feet of new supply completed in the Northwest and Southeast markets this quarter.
  • As industrial space is leased and absorbed, rental rates are rising. Rental rates averaged $10.00 per square foot which have climbed 5.0% YoY.

alt=""

Edmonton Industrial Market Report Q2 2022

Download Report
For More Information, Please Contact:

Richard Darling

Managing Director, Edmonton

Edmonton

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.

View Expert

Adam Jacobs

Senior National Director, Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

View Expert