Figures

Edmonton Industrial Figures Q2 2026

Robust absorption tightens supply-constrained market

July 13, 2026 5 Minute Read

Edmonton’s industrial market recorded 538,000 sq. ft. of positive net absorption this quarter, contributing to a 30-basis point (bps) decline in availability and a 20 bps decrease in vacancy. Vacancy has now remained below 3.0% for seven consecutive quarters, while the overall availability rate sits at 4.5%, marking its lowest level in over a decade.
Transactions of 25,000 sq. ft. and under accounted for 91.2% of total deal count this quarter. Activity in larger format space showed modest improvement, with five transactions exceeding 50,000 sq. ft., up from three last quarter.
Development activity continued its slight upward trajectory, with one new project breaking ground. Seven speculative projects totaling approximately 880,000 sq. ft. are scheduled for completion by year-end, providing incremental relief to ongoing availability constraints across the market.
Limited supply caused by persistently low vacancy and recent lower levels of construction have shifted the market in favour of landlords. As a result, renewal probabilities are increasing. Upward pressure on rental rates is also being noted, having now risen 1.8% quarter-over-quarter and 3.5% since year-end 2025.