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Market Report

Edmonton Industrial Market Report

2025 Investment Forecast

Metrowide Investment in Key
Sectors Supports Optimistic Industrial Outlook

Market tightens with multiple drivers supporting fundamentals. Industrial space demand in Edmonton will be bolstered by infrastructure projects focused on energy and trade over the coming years. As a major service hub for Alberta’s energy sector, Edmonton is expected to see increased economic activity driven by the full operation of the Trans Mountain Pipeline. Another boon for the metro is its commitment to clean energy, as projects involving solar power, natural gas and hydrogen production will necessitate upgrades in the manufacturing sector as well as the transportation and warehousing sectors. In addition, the expansion of the Port of Prince Rupert, which Edmonton has direct access to, will enhance the metro’s trade capacity, attracting more investment in logistics. Complementing this positive demand outlook, the significant increase in new supply seen across the country has not materialize in Edmonton. With fewer than 1 million square feet of space under construction as of the final quarter of 2024, deliveries are expected to trail absorption. The vacancy rate is projected to decrease in 2025 as a result, following a stabilization witnessed last year.
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