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The second quarter continued to witness similar market trends as Q1 2014; there remains to be a shortage of supply throughout all asset classes, with the overall industrial vacancy level falling even further to 2.0% for the Greater Edmonton region. This ongoing shortage in supply is driving both rental rates and property values to all time highs. Smaller industrial land parcels under three acres have seen prices yielding between $850,000 to $1,000,000 per acre and build-to-suit opportunities with additional yard storage, are pushing lease rates into the high teens to low twenty dollar per square foot range
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