• Edmonton’s overall office market experienced 206,665 sq. ft. of negative net absorption in the third quarter of the year. The office market’s year-to-date absorption is negative 270,112 sq. ft.
  • There is currently 231,881 sq. ft. under construction in Edmonton’s office market. No new supply was added in the third quarter of the year.
  • Rental rates have remained relatively flat in Edmonton. The average rental rate for downtown sits at $19.25 and at $16.18 for the suburbs.