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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.

Office

Q3. 2019 Office

Posted: October 2019

Although new office developments are expected to arrive on the market in the fourth quarter of 2019, these projects have a small building footprint, indicating the soft demand for more office space....

Q2. 2019 Office

Posted: July 2019

As anticipated, absorption continued to trend in positive territory despite the new availabilities that arrived on the market this quarter. Absorption is expected to continue to strengthen as leasing...

Q1. 2019 Office

Posted: April 2019

Overall vacancy was unchanged from last quarter, remaining at 14.5%, and has declined by 120 basis points year-over-year. Downtown Edmonton vacancy saw an increase of 110 basis points from last...

Q4. 2018 Office

Posted: January 2019

It was a strong finish to 2018 for Edmonton’s office market as vacancy declined to 14.5% and absorption posted strong gains. The vacancy decline was largely driven by significant leasing activity...

Q3. 2018 Office

Posted: November 2018

Edmonton’s Q3 Market Beats: Office. Economy: Edmonton continues to show strong growth through the third quarter of 2018 as manufacturing climbed across the province, unemployment has dropped...

Q1. 2018 – Office

Posted: April 2018

This year began on a positive note for Edmonton’s office market as vacancy declined, absorption levels increased, and asking rates remained largely stable over the first quarter of the year.