Edmonton Industrial Market Report Q2 2019

With turbulent energy and political sectors, both nationally and globally, Edmonton has experienced a stable quarter as industrial companies continue to wait for a clearer picture before making decisions.

Despite minor increases in vacancy and negative absorption, rental rates grew by 5% in the past twelve months.
The Trans Mountain pipeline (TMX) was approved after years of waiting.
Steel/aluminum tariffs were removed between Canada and the United States which is expected to help support the cross-border flow of trade.
Bills C-69 and C-48 were passed in June.
Approximately 680K square feet of new construction began this quarter.

Edmonton Industrial Market Report Q2 2019

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For More Information, Please Contact:

Craig Hennigar

Senior Director

Vancouver

+16046921452

+1 604 505 1710

Craig is a Senior Director in the Valuation and Advisory Services group at Colliers and holds the AACI, P.App designation. He offers appraisal and consulting services in the Greater Vancouver and Fraser Valley area as well as throughout British Columbia with particualr focus on the following assets and services: Commercial Property, Industrial Property, Expropriation Valuation, Hospitality Property and Recreational Land, and Multi-Family Property.

Craig is the former Director of Market Intelligence for Canada as well as a real estate broker and appraiser with over 25 years of experience in commercial real estate with work experience is focused on providing strategic and transactional assistance to national real estate firms. With professional experience in real estate research, valuation, development, management, finance, consulting, and portfolio management roles he has worked with all major asset classes for valuation of both income producing real estate as well as expropriation, development projects. His client list includes firms in the finance, technology, aerospace, and logistical industries as well as real estate firms and has additional work experience providing ongoing economic knowledge, research, forecasting and review of the Canadian and international environment.

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Rod Connop

Executive Vice President, Industrial | Brokerage

Edmonton

+1 780 969 2994

Rod Connop has been the leading producer within the industrial division of Colliers Edmonton office since 1996. His in-depth knowledge and professional guidance has provided tangible benefits to all clients; and, in turn, earned him an excellent reputation with all participants of the industrial real estate market. Rod’s strategic thinking and opinions are in demand as he participates in various presentations including an ongoing role as moderator at the Edmonton Real Estate Forum.

Rod has extensive experience in industrial transactions covering a wide spectrum and including simple lease and turnkey lease, design build, build-to-suit/leaseback, sale/leaseback, construction management, sale of land, sale of vacant building to end users and the sale of leased investment properties.

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