Edmonton Acquisition Announcement
March 26, 2024
Durum’s Industrial REIT is excited to announce our third industrial complex acquisition in Edmonton, Alberta.
Despite rising interest rates, the market remains robust, with low vacancies and increased building values. In the NW submarket, where our property is situated, vacancy rates stand at a mere 3.8%, with an average rental rate of $9.22 psf.
In 2024, Edmonton’s commercial real estate is expected to rebound, driven by improved credit conditions and investor access to capital. The CBRE predicts industrial growth, reflecting renewed optimism.
Durum is excited about the prospects of this investment and looks forward to further contributing to the flourishing Edmonton industrial landscape. Learn more about Edmonton’s commercial real estate predictions here: https://edmontonjournal.com/news/local-news/edmontons-commercial-real-estate-should-see-a-rise-in-2024