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Research

Edmonton Office Market Report Q2 2019

Edmonton Office Market Report Q2 2019

Edmonton Office Market Report Q2 2019

Following six consecutive quarters of positive absorption and momentum, the Edmonton Office Market was relatively stagnant over Q2 2019. 

  • Rental rates, vacancy and absorption remained flat across the board, as landlords and tenants continue to wait to fully understand the impacts of the most recent provincial election.
  • The Suburban Office Market reported positive numbers overall, as vacancy decreased, and 20,710 square feet of positive absorption occurred
  • The Downtown Office Market reported 62,211 square feet of negative absorption this quarter, with a slight increase in vacancy to 15.5%.
  • With a looming fall federal election and the provincial budget on hold until Q3, there has been a great deal of uncertainty in the marketplace.

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