Even as concerns around the fourth wave deepened, the Greater Edmonton Area industrial market continued to prosper, driven by strong positive absorption for the fifth consecutive quarter.
- Leasing activity was vigorous throughout the period, which led to a decrease in vacancy by 60 basis points (bps) to 6.0%, the lowest since Q1 2016.
- Even as sale volume during the quarter slowed down, the second-largest portfolio sale of the year occurred - three buildings in Henday Business Park in Northwest Edmonton.