Q2 2025 Edmonton Office Occupier

Q2 was a slow quarter for the Edmonton office market both downtown and in the suburbs. Total Vacancy dropped 0.22% to 17.99% from 18.21%. This vacancy consisted of 16.63% head lease vacancy and 1.36% sublease vacancy.

Overall Downtown vacancy increased slightly from 19.18% to 19.55%. The Financial District Total Vacancy increased 0.42% to 19.73%. This increase was caused by a 0.98% increase in the Financial A market vacancy. AA vacancy remained healthy at 13.15% in downtowns most desirable assets while the A,B and C markets all languished at 23.75%, 22.75% and 21.89%, respectively. The suburban market was slightly more active than downtown with Total Vacancy dropping 0.93% to 15.9%. All suburban markets except the west end saw vacancy drop with the Southside, 118th and Whyte leading the way with 1.67%, 1.28% and 3.43% reductions in vacancy. West End vacancy increased slightly by 0.06%.

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