FEATURED REPORTS

q3. 2023 industrial

Posted: November 2023

As of August 2023, Edmonton ranks 4th nationwide in inventory at 202.5M SF and second in Market Construction at 3.78M SF. Leasing activity saw over 925,000 SF in net absorption, an 84% increase compared to Q2, predominately driven by activity inside the 10,000 – 30,000 SF tenancies.

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q3. 2023 office

Posted: November 2023

The Edmonton office market saw a flurry of newly signed deals and non-renewals in this quarter. However, leasing activity remained steady largely due to vacancy outpacing demand for office space. The city-wide vacancy rate as a result has remained stable at 20.0%.

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Q3. 2023 INVestment

Posted: November 2023

Third-quarter sales volume totaled $790M, leading investment activity to be up $269.3M compared to this time last year. The sale of multi-family properties, industrial buildings, and land sales continue to be the largest growth drivers for sales volume, seeing 4 investment properties sell for over $50M.

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Edmonton retail report 2023

Posted: July 2023

Strong retail sales momentum in Alberta continues. January 2023 saw record-high sales at $8.7B.

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h1. 2023 multi-family

Posted: July 2023

Edmonton’s multifamily market booms with $580.7M sales in H1 2023, driven by migration, tight vacancies, and investor sentiment.

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Q2. 2023 INVestment

Posted: July 2023

Edmonton’s real estate market rebounds with a 73% QoQ sales increase, driven by industrial and multi-family properties, including Champion Petfoods’ $154M plant sale.

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H1. 2023 RETAIL

Posted: July 2023

Strong retail sales momentum in Alberta continues. January 2023 saw record-high sales at $8.7B. Immigration continues to stimulate demand. Edmonton’s retail market adapts, showing resilience and investment opportunities.  

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Q2. 2023 OFFICE

Posted: July 2023

Edmonton leasing steady; fewer major moves in Q2, but positive net absorption. Flight-to-quality persists, with landlords investing in properties and offering amenities. Suburban markets thrive, rents stabilize at $33.11 PSF.

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Q2. 2023 INDUSTRIAL

Posted: July 2023

Edmonton’s industrial market thrives with strong net absorption, lower vacancy rates (3.7%), and potential for rent rate growth (8% annually by mid-2024). Promising future with ample opportunities and consistent inventory additions.

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NATIONAL EMPLOYMENT REPORT – January 2023

Posted: February 2023

Employment increased by 150,000 in January, and the unemployment rate was unchanged at 5.0%.

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Q4. 2022 Industrial

Posted: January 2023

The Edmonton industrial market continues to gain momentum, with vacancy dropping to 3.6% market-wide. Rents increased by 3.5% year-over-year (YoY) and are expected to increase further in 2023.

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H2. 2022 Multifamily

Posted: January 2023

Record-high migration numbers, an improving labour market and universities returning to in-person classes brought 2022’s vacancy numbers closer to the 2019 level after 2 years of historically high…

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Q4. 2022 Investment

Posted: January 2023

Despite interest rate hikes starting in Q2, 2022 saw lots of sales activity with an overall investment volume totalling $2.8B, 21.7% higher than in 2021.

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H2. 2022 Retail

Posted: January 2023

After reaching historically high levels in Q2 2022, consumer spending in the Edmonton area started to decline in Q3. October reversed this trend with a moderate increase in sales. Consumer spending…

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Q4. 2022 Office

Posted: January 2023

Despite the vacancy rate being relatively unchanged year-over-year, the Edmonton Office market continues to see strong leasing activity. Many firms have been upgrading their space without increasing…

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Q3. 2022 Industrial

Posted: November 2022

Edmonton’s industrial market continues to gain momentum, dropping to 3.6% vacancy market-wide. The Edmonton market saw 1,231,998 square feet of positive absorption.

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Q3. 2022 Office

Posted: November 2022

Edmonton’s office vacancy significantly dropped this quarter. It is down 90 basis points (bps) quarter over quarter, coming down to 19%.

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Q3. 2022 Investment

Posted: November 2022

Sales this quarter totalled over $521M, down over $300M compared to last quarter. The majority of transactions were industrial and multi-family assets.

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H1. 2022 Multifamily

Posted: July 2022

Multi-family sales in 2022 so far have totalled over $460M, resulting in a 232% year-over-year increase since this time last year. Multi-family sales have recovered to 2020 levels after dropping…

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Q2. 2022 Investment

Posted: July 2022

Sales this quarter totalled over $887M, representing a nearly 200% year-over-year increase. While office and retail had a great quarter, the large increase in volume was led primarily by industrial…

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Q2. 2022 Office

Posted: July 2022

The market overall saw a year-to-date increase in the vacancy rate. It rose 0.5% since the fourth quarter of 2021. This reverses the trend of positive net absorption we saw in back-to-back quarters…

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