Red Deer industrial tenants and owner-users gobbled up roughly 305,000 square feet of space in that city between July 2011 and July 2012, according to a recent report from a leading central Alberta appraisal firm.
Soderquist Appraisals Ltd., based in Red Deer, found that the city's industrial vacancy rate had dropped from 3.57 per cent last July to 3.33 per cent this summer, despite new space coming on the market.
According to Soderquist, actual vacant space shrunk by 4.8 per cent to 407,000 square feet as oilpatch and other businesses expanded in Red Deer.
from Western Investor October 2012
