Welcome to Edmonton
Located in Alberta, Edmonton is the provincial capital and serves as the staging point for the large-scale oil sands projects based in the northern part of the province. World-leading oil and gas exploration, production and service companies maintain large operations here and, due to its central location between BC and other Prairie provinces, the city provides a regional transportation link to Asia, the U.S., and Canada’s North while fostering national and international trade.
Edmonton’s position as a leader in global energy markets has led to a diverse, highly-educated, and rapidly-expanding population of more than 1.2 million, which exceeds national averages in income, employment and several other categories. In addition to energy, major industries include tourism, transportation and high-technology, which all benefit from the presence of internally-renowned post-secondary educational facilities. Accordingly, Edmonton has a thriving commercial real estate market, which has displayed resilience to global economic challenges. Thanks to the city’s wide-open landscape, real estate market expansion faces few geographic barriers and benefits from a high level of available land.
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Market Report
Avison Young Edmonton Office Report (Q1 2019)
May 17, 2019Private sector optimism took an upward turn following the April provincial election results and the completion of Stantec Tower consumed the highlights of a pivotal transformation to Edmonton beginning 2019. Edmonton’s suburban office market experienced a flurry of activity to conclude 2018 and maintained momentum moving forward in the first quarter of 2019 with vacancy statistics continue to trend downwards for the second consecutive quarter. -
Market Report
Avison Young Edmonton Industrial Report (Q1 2019)
May 10, 2019With a recent provincial election, change is on the horizon for Alberta. Although this change will not be seen overnight, there will most likely be a shake up as the electoral party has changed back to Progressive Conservative. Edmonton is faced with addressing the tax rate differential that has driven a majority of larger tenants out of the city boundaries in search of lower rates. -
Market Report
Edmonton Investment Market Report (Winter 2018)
March 4, 2019The appetite for Canadian commercial real estate assets increased in 2018 and shows no signs of slowing in 2019. Edmonton investment volume was up and 2018 proved to be a record year for the city. Heavyweight investors continue to expand their core exposure in major urban centres including Edmonton’s evolving downtown core. -
News
Avison Young completes acquisition of U.K.-based GVA; two companies combine under Avison Young name and brand
February 1, 2019Canada-based firm expands to 5,000 professionals in 120 offices in 20 countries; combination establishes Avison Young as the global, disruptive challenger brand -
Market Report
Avison Young 2019 North America, Europe and Asia commercial real estate forecast
January 15, 2019Toronto, ON — Set against the backdrop of a rapidly increasing world population, global GDP growth, relatively strong economies and heightened job creation, real estate markets are thriving. Fundamentals continue to show great strength amidst restrained building activity, strong demand and accordant rising rents. Despite political headwinds such as trade disputes, Brexit, currency fluctuations and interest-rate hikes, quality real estate continues to be occupied and in demand. -
Market Report
Avison Young Industrial Report (Q3 2018)
November 28, 2018A first of its kind in Edmonton, Aurora Sky’s high-tech cannabis production facility and Edmonton’s flourishing southern industrial parks highlight sales activity for owner/user properties in the third quarter exceeding the previous quarter in terms of dollar volume transacted.
