Q2 2022 Edmonton Industrial Occupier

Large scale lease and sale transactions are making headlines as we continue to see positive absorption and decreased vacancy rates in the Greater Edmonton Area. While we have a small decrease in the overall vacancy rates from 4.41% in Q1 to 4.29% in Q2, build to suit transactions and prelease transactions speak to greater activity and increased deal velocity. With demand increasing for high quality class A buildings, and supply dwindling, developers are investing in future land development.