Edmonton office market report
Flight to qualityThe Edmonton office market continues to experience an asymmetrical and articulated recovery; a gradual flight to quality benefitting Trophy and Class A properties, spikes in foot traffic on the collectively agreed upon “return-to-office” days, and space downsizing or remodelling that may move tenants into the periphery or even suburban market.
The heavy-handed interest rate hikes meant to combat inflation, arguably later than they should have been, have abruptly cooled investment activity across all asset classes. This should not deter savvy, long-term investors who can see opportunity in capital investment projects. Office towers such as Bell Tower and Baker Centre, for instance, have seen an increase in touring and leasing activity following the completion of their upgrades.
This trend extends to the suburban office market as well. Nexus Business Park, once an overlooked development near the intersection of 142nd Street and 118th Avenue, has transformed into a thriving, well-balanced, and fully tenanted site thanks to the foresight of Nearctic and the hard work of Avison Young’s multi-disciplinary leasing team. This demonstrates the continued importance of refreshing and renovating spaces to keep tenants and consumers engaged.
Your source for the latest Edmonton office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Edmonton area. Avison Young advisors look at Edmonton commercial real estate activities and the latest Edmonton statistics to provide you expert market research on Edmonton office properties.
Explore different topics like the latest office market pricing trends and analysis of Edmonton's current office real estate market conditions. Gain a better understanding of Edmonton’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Edmonton's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Edmonton.
The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.