Edmonton Office Figures Q4 2025

‒    Edmonton finished the year with a vacancy rate of 19.0%, down 40 basis points (bps) from Q4 2024. In Q4 2025, the Edmonton market saw 32,000 sq. ft of negative net absorption, however the vacancy rate held stable at 19.0% due to changes in inventory in both the Downtown and Suburban markets.

‒    The Downtown market posted 32,000 sq. ft. of positive net absorption, decreasing the vacancy rate 30 bps to 20.9%. The Financial Class AA submarket posted 7,000 sq. ft. of positive net absorption, lowering the vacancy rate 10 bps to 14.4%, and marking the first quarter of positive absorption since Q4 2023.

‒    Two large transactions of 170,000 sq. ft. and 115,000 sq. ft. closed in the Financial Class A submarket this quarter. Demonstrating continued commitment to the Financial submarket.

‒    The suburban market remained flat throughout 2025, as vacancy increased only 10 bps from Q4 2024 to 15.9%, but 70 bps higher than the previous quarter. There was 64,000 sq. ft. of negative net absorption across the Suburban market in Q4 2025.