MARKET TRENDS
- Edmonton remains one of the strongest performing industrial markets in Canada, posting 2.2 million square feet (msf) of positive absorption in 2024.
- Rental rates continue to inch higher, with vacancy dropping 10 basis points (bps) year over year despite over 2.5 msf of new deliveries in 2024.
- Edmonton’s construction pipeline is set to deliver well over 500,000 square feet (sf) in 2025. U.S. tariffs could disrupt an otherwise well-performing market, leaving new deliveries empty longer.