• Edmonton’s Industrial market experienced 1.8 million sq. ft. of positive absorption in the third quarter of the year. The majority of this absorption was from the completion of two build-to-suit properties; Amazon’s 1,000,000 sq. ft. distribution building in Border Business Park and Fountain Tire’s 181,500 sq. ft. building in Route 60 Industrial Park.
  • Despite 1.9 million sq. ft. coming to market this quarter, there is still just over 2.0 million sq. ft. under construction.
  • Demand in Edmonton is being driven by large bay distribution users, while the small-bay market sits on the sidelines.