Q4 2021 Edmonton Office Occupier

Late in Q4 2021, there was a noticeable uptick in leasing and renewal activity. More leasing decisions were being made as decision makers planned for an easing of restrictions and acted to take advantage of the market while conditions were still in their favour. Most activity was related to lease renegotiations. As for lease relocations, the vast majority of this activity was related to users right sizing into newer, more efficient and smaller spaces.