Q1 2025 Edmonton Office Occupier

Performance of the Edmonton office market remained relatively idle in the first quarter of the year, with minimal movement and an overall vacancy rate for Edmonton was recorded at 18.32%. Downtown continued to face challenges but maintained vacancy below 20%, reporting 19.18% at quarter-end, a marginal change of 46,952 square feet. The suburban market continued its trend of yearly improvement, posting a vacancy rate of 17.12%. 

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