An evolving downtown Edmonton has brought a renewed energy to the city as new office developments and residential projects are bringing more people to the core than ever before. This trend is creating a vibrant downtown, one that encompasses a work, live, play environment for all to enjoy.
The main reason why downtown is becoming more vibrant is population growth in the core. With further anticipated growth, we hope to see more amenity offerings such as urban green space, hotels, fitness facilities and food scene which is attracting more residence and tenants.
The Edmonton office market has seen a full calendar year of positive absorption following 3 straight years of negative activity, as many tenants are looking to take advantage of the current tenant-favored market conditions before this window of opportunity closes.