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Research

Edmonton Office Market Report Q4 2017

Edmonton Office Market Report Q4 2017

Edmonton Office Market Report Q4 2017

  • Q4 2017 the first quarter of positive absorption since Q1 2015.
  • Combination of tenant growth and building conversions both applied downward pressure on vacancy, decreasing it from 17.67% in Q3 2017 to 17.16%.
  • Positive outlook that conversion projects will help to further remove vacant space and reduce inventory, however vacancy is still expected to increase from the opening of Stantec Tower in Q4 2018.

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