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.

Industrial

Office

Retail

Investment

Multi-Family

Office

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...

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%.

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...

Q4. 2021 Office

Posted: January 2022

The fourth quarter of 2021 continued the trend of positive absorption within the Edmonton office market.

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.