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Edmonton Office Market Report Q2 2021

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research article

Despite the negative absorption and increased vacancy reported over the second quarter of 2021, the Edmonton office market saw a significant slowdown in the growth of its vacancy rates.

  • The Alberta mandatory work-from-home order was lifted, and less sublease space was added to the market compared to the past two quarters.
  • As COVID-19 restrictions ease and large-scale vaccinations continue to be rolled out across the city, businesses have begun to shift their focus to planning their return to the office.
  • The future of the office is likely to take many different forms – many companies are considering a hybrid approach that would involve a combination of working in the office and remotely.

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Edmonton Office Market Report Q2 2021

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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

Senior 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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