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It is the time of year when landlords and property managers ask questions about the future of lease rates, the expected amount of time to fill a vacancy should a lease renewal agreement not be reached with a current tenant, and whether or not there are even tenants in the market actively searching for space.
As mentioned in Colliers’ second quarter industrial report, the market is continuing to lean toward a Tenant’s market. Availability rates have once again increased. In Southeast Edmonton, the availability rate grew from 3.32% in the second quarter and currently sits at 3.70%. A minor increase of 0.07% was recorded in Northwest Edmonton as availability moved from 5.12% in the second quarter to 5.19%. Overall, availability in Greater Edmonton grew from 3.61% in the second quarter to 4.02% - more than 3.8 million square feet is now available.
Contact Tara English at 780.969.3034 for more information.
  EdmIndustrialQ32009.pdf
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