Edmonton Office Market Report (Q4 2020)11 Jan 2021
With the second wave of COVID-19 hitting Alberta in the final quarter of the year, we experienced the holidays under very different circumstances than in past years as a state of public health emergency was declared on November 24th by the Provincial Government. This notion of disruption to the norm has been prevalent since March, bringing with it innovation and change amongst the business community. The initial wave brought on the adoption of remote working and video conferencing, but once groups acclimatized to the new normal, discussions began to revolve around what needed to happen today to be successful in the future. Developing an online presence and the role office space would play for companies that fully embraced remote working as an option are some of the most notable topics.
Overall Office Vacancy
Total Downtown Vacancy Rate
Total Suburban Vacancy Rate