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Edmonton Industrial Market Report Q4 2019

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research article

Alberta’s economic recovery continues to be stymied by the ongoing challenges facing the energy sector with delays in pipeline approvals and general headwinds forced by an industry being impacted by activists. 

  • The Trans Mountain Pipeline broke ground west of Edmonton in December and construction is estimated to take 30 to 36 months.
  • Edmonton’s unemployment rate continued to climb and reached 8.0% in December, leading all Canadian major cities as the national unemployment rate rests at 5.9%.
  • Edmonton’s industrial market seemingly stabilized during the fourth quarter with the overall vacancy rate dropping by 0.1%.

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Edmonton Industrial Market Report Q4 2019

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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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