The ongoing global pandemic continues to add pressure on the economy affecting small and local businesses.
- The Greater Edmonton Area industrial market experienced positive absorption in Q4 2020 and a 20 basis point decrease in vacancy rate from the third quarter to 7.6%.
- Warehouse and distribution spaces continues to be in high demand as e-commerce is becoming increasingly important to changing business models and logistics.
- Horizon Business Park recently announced Building E has started construction on a 214,070 SF industrial building.