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Edmonton Office Market Report Q1 2019

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Par Craig Hennigar

Edmonton Trending in Positive Direction

The Edmonton Office Market continues to show positive momentum in Q1 2019, reporting the highest levels of positive absorption since 2011. Vacancy continues to decrease, and it appears the Edmonton market is in the early stages of recovery, which is expected to continue through the remainder of 2019 and beyond.

  • Tenant movement and growth resulted in 201,422 square feet of positive absorption, which is welcome news after a challenging few years.
  • Many groups have taken advantage of the tenant-favoured market conditions to assess their real estate needs.
  • As tenants have rightsized following the economic downturn of 2014/2015, one notable change to the market near the end of 2019 will be a significant shift of sublease vacancy back to available headlease supply.

Edmonton Office Market Report Q1 2019

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Pour plus d’informations, veuillez contacter:
Ian Bradley | Colliers | Edmonton

Ian Bradley

Executive Vice President, Office | Brokerage

Edmonton

+1 780 969 2996
+1 780 910 1631
Courriel

Ian Bradley has over thirty five years of experience in the office leasing business, leasing in excess of 8.5 million square feet. During his tenure at Colliers International Ian has dealt with a wide variety of companies as well as a range of tenant sizes. Ian’s knowledge of the marketplace, his professionalism, and his skill at financial analysis make Ian an invaluable asset to his clients.

Among Ian’s accolades is the BOMA broker of the year award for the year 2000. This is testimony to the respect he enjoys with Edmonton landlords. Ian has been a top producer for Colliers International for the past ten years.

Ian was the #2 Broker for Colliers worldwide in 2008, the #1 Broker for Colliers worldwide in 2009 and in 2011 he was the #3 broker for Colliers Canada-wide. Ian is recognized as the senior office leasing specialist in the City of Edmonton by virtue of his extensive experience, numerous accomplishments, and ongoing relationships in the industry.

Notable Clients

  • ATCO Group
  • Bantrel Co.
  • Field Law
  • Parlee McLaws LLP
  • Bishop McKenzie LLP
  • Kingston Ross Pasnack LLP
  • Regus
  • New Alta
  • Intact Insurance
  • MD Management
  • Duncan & Craig LLP
  • Grant Thornton LLP
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Phil Goh | Colliers | Edmonton

Phil Goh

Senior Vice President, Office | Brokerage

Edmonton

+1 780 969 2989
+1 780 969 2389
Courriel

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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