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Colliers Research

Jan 26, 2023

Edmonton Office Market Report Q4 2022

Following two strong quarters of positive absorption, Q4 experienced significant negative absorption, increasing the vacancy rate from 19.0% to 19.5%. Rising inflation has resulted in higher construction costs for tenant improvements, which resulted in select firms opting to renew their lease rather than relocate and incur high build-out costs. With a rapid increase in borrowing costs, a potential recession looming and a Provincial election on the horizon in 2023, there is some uncertainty as to what 2023 will hold.
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Jan 25, 2023

Montreal Office Market Report Q4 2022

Flight-to-quality persisted as much of Montreal’s class A suburban, and AAA downtown offices saw a marked decline in both vacancy and availability.
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Jan 25, 2023

Toronto Office Market Report Q4 2022

Q4 2022 saw vacancy and availability rise at a gradual pace as the market continued to experience the impacts of the past two years of pandemic restrictions and subsequent socioeconomic headwinds.
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Jan 20, 2023

Edmonton Industrial Market Report Q4 2022

The Greater Edmonton industrial market ended the year in the same fashion as the rest of 2022, experiencing high leasing activity and a drop in vacancy. The vacancy rate decreased by 130 basis points year-over-year (YoY) and declined for the 9th consecutive quarter to 4.1%, a low not seen since 2015. With Greater Edmonton experiencing its 10th consecutive quarter of positive absorption, led by a Colliers team pre-leasing 297,043 SF at Horizon BP, the vacancy rate declined further to 4.1%. New construction projects were announced, including Leon’s/The Brick’s construction on a 500,000 square foot distribution centre in Northwest Edmonton. Home Depot also started construction on a 207,000 square foot distribution facility in Acheson. Rental rates increased at year-end to $10.33 per square foot. This is an average rental rate increase of 10.2% YoY for the entire Edmonton market.
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Coming Soon to Broadway (Vancouver):


What you need to know for your next play.


Experts choose experts

 


Broadway Colliers ECE Home featured

“The devil is in the details”:

Here’s what needs to happen to see the Broadway become an urban hub.
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A glimpse into the lives of our experts

Featuring professionals from across our Canadian teams, we get an up close and personal look into the lives of our experts, their journeys within CRE, and why they’ve decided to grow their careers with Colliers.

Behind the Blue: Up Close and Personal with our Experts

What sets Colliers apart is not what we do, but how we do it. Our experts provide forward-looking expertise that elevates value every step of the way. We simply think differently and that produces innovative outcomes.

 

In our latest limited series of Experts Choose Experts, we invite you to get to know our people and see how they cultivate Colliers' values within – and beyond – the workplace.

 

The individuals who choose to work and grow their careers with Colliers are multi-faceted and passionate and thrive in our culture, which cultivates expertise and inspires people to be their best. At Colliers, we proudly "Own the Blue" and invite you to get to know a few of the experts across Colliers Canada, sharing stories from their personal and professional journeys.

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