Future Cities

Emerging Industrial Markets: Edmonton

21 Jul 2022

Emerging Industrial Markets Edmonton Image
The Edmonton metropolitan region is perhaps the most affordable and accessible distribution and manufacturing market in Canada. Edmonton’s strong industrial real estate fundamentals and connection to the deep-water Port of Prince Rupert are primary attractions for both investors and occupiers. Edmonton also is positioned to become a global supplier of low-cost hydrogen to fuel zero-emission vehicles.
Gregg C. MaimannCBRE Senior Vice President

Demographics

More than 1.9 million people live within a 100-mile radius of the Edmonton metro area, with a projected growth rate of 1.5% over the next five years. The important 20-to-34 age group accounts for 22% of the total population. Within 250 miles, occupiers can reach 4.3 million consumers.
Edmonton has a warehouse labor force of 17,832, according to CBRE Labor Analytics. The average hourly wage for a non-supervisory warehouse worker is US$16.92 per hour. Edmonton has a relatively young population with a median age of 37, compared with the Canadian average of 41. The city boasts affordable home prices and rental rates well below those in Vancouver, Toronto and Calgary. Edmonton’s average monthly rent of US$975 for a two-bedroom apartment is 44% lower than Vancouver’s, 32% lower than in Toronto and 24% lower than Calgary.