Edmonton industrial market report

Q2 2023


The Alberta Advantage

Alberta's advantages for businesses seeking success in real estate are evident. Streamlined permitting processes and a supportive atmosphere result in reduced red tape and accelerated construction starts, boosting operational efficiency. One of Alberta's key assets is its robust transportation infrastructure, which includes two international airports and a rail connection from Edmonton to the Port of Prince Rupert in British Columbia. This strategic connection offers businesses access to Asian markets without excessive costs or delays. Additionally, Alberta's extensive pipeline network facilitates efficient import and export of products on a global scale. For businesses seeking expansion opportunities, Alberta offers ample available space. With Edmonton surpassing other major Canadian cities, with a modest vacancy rate of 4.6% and ongoing construction projects of 2.1 million square feet, the real estate market is vibrant and presents promising investments.

With a stable market environment, particularly in Edmonton, Alberta provides a reliable and predictable investment landscape. Moreover, the commercial real estate market in Edmonton offers enticing rental rates, making it a prime choice for businesses seeking optimal opportunities. With average rates of $12.59 per square foot compared to the GTA ($17.90), Ottawa ($22.10), and Vancouver ($16.75), businesses can optimize expenses. Furthermore, Edmonton's vacancy rate of 4.6% ensures a range of options for businesses searching for suitable spaces. The province boasts the highest median household income among Canadian provinces, attracting employees seeking a higher standard of living. Edmonton stands out as the most affordable capital city, striking a favourablebalance between cost and quality of life. Alberta's business-friendly environment, streamlined permitting processes, robust infrastructure, available space, attractive rental rates, and market stability comprise the Alberta Advantage. This creates an irresistible destination for commercial real estate investment, offering growth, profitability, and long-term success. Embrace the Alberta Advantage to unlock the potential within the thriving real estate sector.

▲ 4.6%

Total vacancy rate

up 0.2% since Q2 2022

▲ 4.5%

Edmonton vacancy rate

up 0.4% since Q2 2022


Surrounding municipalities vacancy rate

down 0.61% since Q2 2022


Square feet of inventory



Square feet absorption

this quarter marketwide


Square feet under construction


Download Edmonton industrial market report Q2 2023

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Get in-depth industrial market reports and insights from commercial real estate experts in the Edmonton area. Avison Young advisors look at Edmonton commercial real estate activities and the latest Edmonton statistics to provide you expert market research on Edmonton industrial properties.

Explore different topics like the latest industrial market pricing trends and analysis of Edmonton's current industrial real estate market conditions. Gain a better understanding of Edmonton’s industrial real estate outlook and stay ahead of current industrial space trends. Make smart decisions when it comes to investing in industrial properties in Edmonton's competitive industrial real estate market. Avison Young is your trusted source for commercial real estate industrial market insights in Edmonton.

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