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During the first half of 2008, Edmonton's industrial market saw decreased activity compared to the strong growth over the last few years. Greater Edmonton posted an overall vacancy rate of 1.45 per cent, up slightly from 1.44 per cent in the first quarter. The increase in vacancy can be attributed to having over 800,000 square feet of new product added to the Northwest district with 45 per cent of this new space currently vacant. We are projecting a total influx of over 2.2 million square feet will be added to the Edmonton industrial market in the second half of 2008.
Please see the complete Edmonton report below.
Contact Richard Matthew at 780.969.3008 for more information.
  EdmIndustrialQ22008.pdf
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