Edmonton Industrial Market Report Q3 2019

Since the federal election, Alberta's economic story continues to be about the energy sector and the challenges of getting the Province's natural resource to International markets. The Provincial government continues to advocate for the construction of pipelines to create jobs for Albertans and stimulate the economy.

Edmonton's current unemployment rate increased to 7.5% and is currently above the average of 5.7%.
With the overall vacancy rate at 7% landlords continue to be creative, offering discounted lease rates and various incentives to attract new tenants.
Tenant's are reviewing their renewal options 18 to 24 months prior to expiry in an effort to capitalize on current market vacancies.

Edmonton Industrial Market Report Q3 2019

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For More Information, Please Contact:

Rod Connop

Executive Vice President, Industrial | Brokerage

Edmonton

Call now +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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Matthew Best

Vice President

Edmonton

Call now +1 780 969 3036

Call Mobile +1 780 232 3033

In 2003, Matthew acquired both his residential and commercial real estate licenses and joined the industrial team at Torode Realty (Edmonton) Ltd. as a commercial real estate Associate. He achieved substantial success early in his real estate career, concluding significant leasing and sales transactions of industrial properties and land. In 2007, Colliers International expanded their industrial division with the acquisition of Torode Realty (Edmonton) Ltd.

Matthew brings to Colliers International, seven years of commercial banking experience with TD Canada Trust while he lived in Toronto, Ontario, managing corporate accounts, foreign exchange, mortgages and mutual fund investments. In addition, Matthew possesses an extensive investigative background as a former investigator with the RCMP. His broad-based investigative experiences covered homicides, proceeds of crime, the illicit drug trade, money laundering, mortgage fraud and VIP Protective Services for dignitaries such as; the Prime Minister of Canada, Governor General of Canada, and Her Majesty Queen Elizabeth II.

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