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Edmonton’s industrial market finished the second quarter with a continued rise in overall vacancy escalating from 5.2 percent in Q1 to 5.6 percent in Q2. For the most part demand in all size ranges has also declined, which resulted in another stagnant quarter and negative net absorption within the market. As vacancy rates increase, we are now witness to landlords entertaining shorter term deals in order to keep their properties fully leased until the market regains strength.
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