TD Tower, Suite 2700
10088 - 102 Avenue
Edmonton, AB T5J 2Z1

Marketbeat – Quarterly Market Report

Marketbeat Reports provide a summary of the trends and transactions that impact all commercial real estate markets in the Greater Edmonton Area.


Q3. 2021 Office

Posted: October 2021

Edmonton’s overall vacancy dropped marginally by 10 basis points (bps) to 19.4% quarter over quarter ( QoQ with 2,809 square feet (sf) of net positive absorption across the city.

Q2. 2021 Office

Posted: July 2021

Leasing activity is anticipated to start to accelerate in the next few quarters as the Edmonton economy slowly rebounds.

Q1. 2021 Office

Posted: April 2021

Office demand remained subdued in Edmonton as many companies continued to face a challenging economic environment. Consequently, the first quarter of 2021 continued the trend of negative absorption,...

Q4. 2020 Office

Posted: January 2021

The Edmonton office market recorded the weakest absorption in 5 years, with total negative absorption of 973k square feet (sf) in 2020.

Q3. 2020 Office

Posted: October 2020

Overall office vacancy in Edmonton increased by 350 basis points (bps) from the same period last year to reach 17.8%; driven by a decline in demand, expiring head leases across the city, and an...

Q2. 2020 Office

Posted: July 2020

Office vacancy reached 16.9% in the second quarter of 2020, which is 280 basis points (bps) higher year-over-year, reflecting the softening demand for office space brought on by the global pandemic...