Q1 2023 Edmonton Industrial Occupier

After eight consecutive quarters of decreasing vacancy from Q3 of 2020 to Q3 of 2022, we have experienced the third consecutive quarter of stable vacancy rates. Q3 2022 hit a low vacancy rate of 3.5% which has held steady for the last three quarters with Q1 2023 being 3.48%. Will this be the trend going forward? In our previous report (Q3 2022) we shared intelligence on the spec buildings under construction, pre-leasing and build-to-suits. In this issue of “The Occupier” we are going to outline new industrial buildings that are going up on spec and under construction.