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Edmonton Industrial Market Report Q2 2020

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research article

The overall vacancy rate for the Greater Edmonton Area stayed stable this quarter; however, the vacancy rate within Edmonton proper shrunk while the vacancy rate significantly increased in the surrounding areas.

  • Edmonton was severely impacted by shutting down the economy as the unemployment rate rose to 15.7% in June, the highest unemployment rate in Canada.
  • As the economy started to reopen, the willingness to renew leases and rent out new spaces increased.
  • Leduc/Nisku saw an increase in vacancy from 6.5% in the first quarter to 8.1%. Leduc/Nisku have many larger warehouse and industrial spaces that are tied to the oil and gas industry

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Edmonton Industrial Market Report Q2 2020

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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.

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