We experienced a slight drop in vacancy from 3.26% in Q1 2024 to 3.07% in Q2 2024, with an overall vacancy rate of 3.27%, which includes sublease vacancies. In the Q1 2024 issue of The Occupier, we shared information on new industrial developments that we tracked for four quarters on vacancies and construction changes. In that edition of The Occupier, we covered the significant amount of new build-to-spec industrial construction, the absorption we tracked, and the economic outlook in greater Edmonton. In this issue of the Occupier, we will discuss the microeconomic and macroeconomic industrial sector in North America and Edmonton.