MARKET TRENDS
- Asking rents climbed 10.7% year over year, driven by new deliveries with higher face rates that continue to elevate the market average.
- Construction activity remains concentrated in the Southside and Nisku/Leduc submarkets, while leasing activity has been strongest in the Northwest/Central and Southside submarkets.
- Though still supported by underlying demand, Edmonton’s streak of positive absorption may face pressure as the industrial market shows signs of easing.