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Edmonton Office Market Report Q1 2021

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research article

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:

Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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