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Edmonton industrial real estate `healthy`
EDMONTON — A slight rise in Edmonton`s industrial real estate market`s vacancy rate hasn`t dented the overriding optimism for the rest of the year, a new report says.
The 0.2-per-cent first-quarter rise to 4.4 per cent came as companies started to find their balance after a tough 2009, says Avison Young`s spring report.
A stronger economy, boosted by recovering energy prices, has helped stabilize the marketplace as businesses adjust to the new economic realities of a recovering Alberta, Avison Young principal Rob Iwaschuk said.
"Our research indicates that despite the small increase in the overall vacancy rate, there is still a healthy demand for top-tier industrial space in the city.
"Rental rates have stabilized, and companies that may have been sitting on the sidelines in 2009 are re-entering the marketplace prepared to make real estate decisions with growth in mind."
Read the full article here.
EDMONTON — A slight rise in Edmonton`s industrial real estate market`s vacancy rate hasn`t dented the overriding optimism for the rest of the year, a new report says.
The 0.2-per-cent first-quarter rise to 4.4 per cent came as companies started to find their balance after a tough 2009, says Avison Young`s spring report.
A stronger economy, boosted by recovering energy prices, has helped stabilize the marketplace as businesses adjust to the new economic realities of a recovering Alberta, Avison Young principal Rob Iwaschuk said.
"Our research indicates that despite the small increase in the overall vacancy rate, there is still a healthy demand for top-tier industrial space in the city.
"Rental rates have stabilized, and companies that may have been sitting on the sidelines in 2009 are re-entering the marketplace prepared to make real estate decisions with growth in mind."
Read the full article here.