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Edmonton Industrial Insight - Q1 2018

Industrial leasing has picked up this quarter as economic growth in Alberta has created the need for additional industrial space. The stabilization of oil prices and the resulting increase in drilling activity and oil production has provided greater need for the energy servicing companies that provide oil well services. This has resulted in significant growth in the manufacturing sector, as the need for equipment and machinery increases. Nisku/Leduc has had the greatest benefits from this growth, as the energy-concentrated submarket experienced the most improvement in leasing this quarter. 

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