It wasn’t so long ago that the Edmonton sub-markets of Nisku and Leduc were hailed as the oil and gas heartbeat of the Region. These industrial parks established themselves as the incubators for oil and gas manufacturers, service providers, fabricators, transporters, and many others, aiding in growing our Province’s resource production to all time highs. Edmonton is the capital of the North, but Nisku and Leduc are among the workhorses that allowed the real North to be developed.

This past week at the Edmonton Real Estate Forum, the Industrial Panel took a run at some of the huge challenges faced by industry in the Edmonton market due to the ever increasing property tax rates and reimbursement expectations from our Councillors.  With over 1.5 Million square feet of industrial product under construction this past quarter (Q1 2018) and the majority being located outside of Edmonton, what more can we say.

The strength of Edmonton's industrial market has a lot to do with the strength of the many surrounding markets that further support the City's industries and connect the communities as a whole.  Have a look at this video clip where I discuss the strength of Edmonton's peripheral markets.