Edmonton Office Market Report Q1 2020

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research article

Activity in the Edmonton office market was relatively stagnant over the course of Q1 2020, seeing overall the vacancy rate drop 30 basis points. Unfortunately, like other markets across the world, Edmonton’s office market will inevitably experience both short and long-term impacts due to the ongoing COVID-19 pandemic. Some impacts of COVID-19 are already being felt by tenants and landlords as they both try to navigate these uncharted waters.

  • The largest transaction recognized this quarter is Centre High’s move from the historic Boardwalk Building (10310 - 102 Avenue) to MacEwan University’s Alberta College Campus (10050 MacDonald Drive), taking roughly 100,000 SF.
  • The South Henday district saw another positive quarter of activity, as vacancy continued to decrease and set a new record low of 8.0% (the lowest submarket vacancy across the city).

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Edmonton Office Market Report Q1 2020

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Phil Goh

Senior Vice President, Office | Brokerage

Edmonton

Phil Goh has been involved in the office leasing and sales side of commercial real estate since 2005 and has accumulated wealth of experience and success in negotiating, creative problem solving as well strategic planning on behalf of his clients. Phil is an expert who specializes in the Edmonton office market and has consistently been a top producer for the Colliers Team. Phil's attention to providing only the highest quality service for his clients in order to help ensure the success of their business is what sets him apart from the rest. His extensive experience and market knowledge allow him to offer value with leasing, lease renewals, office sales transactions as well strategic planning or real estate consulting.

 

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Fahad Shaikh

Vice President, Office and Healthcare | Brokerage

Edmonton

Fahad Shaikh specializes in office leasing and sales in the Edmonton market.  Known for his client commitment and superior knowledge of the market place, Fahad has quickly become the trusted advisor to many local and national groups.  His commitment of providing his clients with the highest quality of representation is the core philosophy of his practice and has earned him the respect and loyalty from his peers and clients. 
Fahad has experience dealing with a wide array of services which include: lease negotiations, renewal negotiations, purchase/sale negotiations, subleasing, consolidation/relocation/expansion analysis, and property evaluations.   
Fahad has also emerged as an expert in the healthcare field, representing many large national healthcare tenants and local medical practitioners. His knowledge of the ever evolving developments in the healthcare industry and understanding of the unique complex issues faced by healthcare/medical tenants are why he has been able to successfully consult many tenants and owners in this industry.
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