Edmonton Office Market Report Q1 2021

The performance of the Edmonton office market in the first quarter of 2021 was largely comparable to the last two quarters of 2020, with significant negative absorption and more sublease space brought onto the market, resulting in an increased overall vacancy of 18.6%.

While the overall vacancy for the city increased, the vacancy rate in the downtown core decreased to 16.9% during the first quarter of the year.
Significant negative absorption was reported in the suburban districts, specifically in the Southside, Eastgate and West End.
Transaction velocity continues to remain slow, but we hope that as large-scale vaccinations are completed and more people return to the office, the need and demand for office space will slowly begin to return.

Edmonton Office Market Report Q1 2021

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Pour plus d’informations, veuillez contacter:

Richard Darling

Managing Director, Edmonton

Edmonton

+1 780 969 3030

Courriel

As Managing Director of Colliers International, my primary focus is attracting and retaining top, diverse, and innovative commercial real estate professionals for the Edmonton and surrounding markets. I have a proven track record in architecting strategic business plans, negotiating complex contracts, strengthening partnerships with key accounts and driving operational and financial excellence in highly competitive markets.

As a strategic leader with experience spanning operations, sales management and process improvement, I pride myself on building an office culture that is collaborative, high-performing, and inclusive. I act as a coach to ensure you have what you need to build and grow your commercial real estate practice. I am always looking to network with talent specialized in all asset classes that can help contribute to this culture. Please feel free to send me a connection request!

Prior to Colliers, I've gained invaluable experience working cross functionally with all facets of an organization. This has included shared services across multiple markets including the US. Building relationships with key internal stakeholders in order to improve team performance and overall customer experience. I have presided over the expansion of National sales activities across major sectors that included oil & gas, forestry, mining, transportation, construction, manufacturing & property management to drive revenue and profitability improvements for long term financial stability.

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