Royce Johnson

Industrial Sales & Leasing | Cushman & Wakefield Edmonton | Helping businesses find the right industrial space in Alberta’s strongest market

[Royce Johnson @Royce_J0]

Gameday in Salt Lake: Oilers vs Utah Mammoth, 8 PM MT. Road rematch of Thursday's Rogers Place tilt. Soft schedule conflict if you're also wrapping the Fall Home Show. Priorities. #LetsGoOilers

[Royce Johnson @Royce_J0]

Industrial real estate continues to shine in 2026. Strong demand for logistics warehouses, data centers, and manufacturing space is keeping vacancy rates tight and rents elevated in key markets. Nearshoring and e-commerce growth are major drivers. What trends are you watching in industrial CRE? #IndustrialRealEstate #CRE #Logistics

[Royce Johnson @Royce_J0]

The Elks' regular-season home slate wrapped Friday vs Winnipeg at Commonwealth. Road finale is Sat, Oct 24 at Saskatchewan (1 PM MT). Now it's about how they finish. #GoElks #yeg

[Royce Johnson @Royce_J0]

Clear Height Friday: 32-ft clear isn't just for forklift bragging rights. Extra cube lets you go up before you go out, and in a tight truck court, vertical is cheaper than another bay. Measure the rack, not the brochure. #yegre #yeg

[Royce Johnson @Royce_J0]

Supply watch, per CBRE Q3: ~383,000 SF of speculative industrial delivered in Edmonton this quarter, with another ~282,000 SF due by year-end. Q4 deliveries are already 40% pre-leased, vs 11% for the Q3 wave. Timing matters. #yegre

[Royce Johnson @Royce_J0]

Industrial real estate is heating up again. National vacancy just dipped below 7% as demand outpaces modest new supply—fueled by e-commerce, nearshoring, and supply chain resilience. Smart money is watching logistics and modern distribution facilities. #IndustrialRealEstate #CRE #Logistics

[Royce Johnson @Royce_J0]

Capital keeps betting west of the Henday: BTB paid $18.75M for a 52,197 SF single-tenant industrial in Acheson (leased to North American Construction Group). With their Leduc buys, that's $50.25M of Alberta industrial this year. #yegre #yegbiz

[Royce Johnson @Royce_J0]

October industrial checklist: top up the DEF, clear the truck court before the first dump, and check that grade-door seal before -20 shows up. Spec sheets skip Alberta weather. Tenants don't. What's on your winter punch list? #yeg #yegre

[Royce Johnson @Royce_J0]

Industrial real estate market strengthening in 2026. Per Cushman & Wakefield, national vacancy fell to 6.8% in Q3 (lowest since end-2024), with 76.6 msf net absorption—highest since Q1 2023. Modest new supply, strong demand from reshoring, automation, 3PLs, and e-commerce driving the recovery. Rent growth accelerating to ~4% YoY. Flight to quality and modern logistics space continues. #IndustrialRealEstate #CRE #Warehousing #Logistics

[Royce Johnson @Royce_J0]

Submarket Spotlight, Leduc/Nisku: NAI's Q2 report had the corridor leading Greater Edmonton with ~255,000 SF of positive absorption. Vacancy eased to 6.5% (down 0.3 pts q/q). The airport-anchored market is finding its footing. #yegre #yegbiz

[Royce Johnson @Royce_J0]

UFA's ~200,000 SF Distribution Centre near Nisku is under construction with Hopewell (17 acres of yard). Their new unmanned Cardlock at the same site is slated to open this month. Ag logistics keeps adding real boxes south of YEG. #yegre

[Royce Johnson @Royce_J0]

Edmonton tenant wishlist, October edition: 1) heated bays 2) a grade door wide enough for the plow 3) a yard that drains before May. Spec sheets brag about clear height. Tenants here ask about block heater plugs. What's on yours? #yegre #yeg

[Royce Johnson @Royce_J0]

U.S. industrial real estate gaining momentum in Q3 2026: net absorption reached 76.6 MSF (strongest since early 2023), with vacancy falling to 6.8%. Demand from e-commerce, onshoring, and supply chain optimization is outpacing new supply. Modern logistics & distribution facilities are leading the recovery. #IndustrialRealEstate #CRE #Logistics

[Royce Johnson @Royce_J0]

Build-to-suit watch: Panattoni and Fiera are building a 329,000 SF distribution facility for Texcan, the Sonepar-owned electrical distributor, at WestLink Business Park in Acheson, with occupancy targeted for Oct 2027. When the right box doesn't exist, users build it. #yegre

[Royce Johnson @Royce_J0]

Leduc/Nisku tailwind: Phase 1 of YEG's International Cargo Hub preps ~150 acres for cargo ops, including new taxiway and aprons for large freighters. Transport Canada pegs the project at ~800 construction jobs and 250 airport jobs. Air cargo needs nearby sheds. #yegre #yegbiz

[Royce Johnson @Royce_J0]

Post-Thanksgiving market update: every freezer in Edmonton is at 0% vacancy, leftover turkey signed on as anchor tenant, and the pie is on a short-term licence expiring Thursday. Cold storage remains the tightest asset class in the city. #yeg #yegre

[Royce Johnson @Royce_J0]

Permit Watch, Apex Business Park (NW Edmonton): Amazon's DYE3 last-mile delivery station is under construction (est. $97M per Alberta Major Projects), and a $33.3M warehouse/office nearby got building permits in September. The NW keeps filling in. #yegre #yegbiz

[Royce Johnson @Royce_J0]

Industrial real estate is showing strength in 2026. Modest new supply and solid demand have pushed U.S. industrial vacancy back below 7%, with Q2 net absorption of 62.1 msf. Drivers like e-commerce, nearshoring, and supply chain optimization continue to support the sector. #IndustrialRealEstate #CRE #Logistics

[Royce Johnson @Royce_J0]

Same region, very different rent cheque. Cushman & Wakefield's Q2 MarketBeat had Acheson at $21.25/SF gross vs $15.42 in Southeast Edmonton. On a 20,000 SF bay, that's roughly $117K a year. Pick your submarket with a calculator. #yegre

[Royce Johnson @Royce_J0]

Investor appetite check: Nearctic Industrial REIT agreed to terms on a ~72,000 SF modern multi-tenant building in Edmonton for $15.7M, about $218/SF. It's conditional, with closing targeted Dec 16. Capital keeps chasing functional small-bay here. #yegre #yegbiz