Edmonton Industrial Market Report

Demand to strengthen in the second half. Edmonton’s industrial sector has remained resilient despite tariff uncertainties. Between March and June, vacancy rose by 40 basis points due to negative net absorption, but preliminary data indicates that the rate eased again in the early third quarter. Even with the uptick in the second quarter, vacancy was down 70 basis points year over year, underscoring the sector’s strength. Continued population growth, lower interest rates and rising energy production – supported by expanded market access – have all reinforced space demand. Looking ahead, as absorption is expected to once again outpace completions for the remainder of 2025, the vacancy rate is projected to post a second consecutive annual decline, setting the stage for another year of solid rent growth.