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Research

Edmonton Industrial Market Report Q2 2019

Edmonton Industrial Market Report Q2 2019

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.

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