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Edmonton Industrial Report Q3 2023

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research article

The Edmonton industrial market experienced positive absorption for the 13th consecutive quarter.

  • The vacancy rate experienced a slight decline of 20 basis points (bps) from the second quarter. However, vacancy has increased 10 bps year-over-year (YoY).
  • There has been 364,931 square feet of new supply added to the market this quarter, which accounts for a portion of the absorption levels.
  • The average lease rates continued to rise increasing by 4.3% YoY to $10.67 per square foot. Rates have slowly been on the rise dating back to Q1 2019.


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Edmonton Industrial Report Q3 2023

Télécharger le rapport