MARKET TRENDS
- A robust construction pipeline remains in place for the Edmonton market. Approximately 1.0 million square feet (msf) is underway in the Nisku/Leduc submarket alone, accounting for more than half of the current pipeline.
- More than 314,000 square feet (sf) of positive absorption occurred in the second quarter. The Nisku/Leduc submarket drove activity, with approximately 255,000 sf of positive absorption.
- Owner-occupier demand kept industrial property and land sales strong through midyear, accounting for more than half of both transaction and dollar volume.