Market Trends
- Of the 2.3 million square feet (msf) of new industrial space under construction, the Northwest/Central submarket is expected to account for more than 1.2 msf of deliveries.
- Significant lease renewals and new leases characterized the third quarter, with new leasing activity contributing to another period of positive net absorption.
- Leasing activity was more widespread than in Q2, with the quarter’s most notable leases spanning the Northwest/Central, Southside and Nisku/Leduc submarkets.