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Edmonton’s downtown office market may be stronger than the elevated vacancy indicates

Buildings ignored by tenants aren’t truly competitive and skew market conditions
A view of downtown Edmonton (Donovan Bissett/CoStar)
A view of downtown Edmonton (Donovan Bissett/CoStar)
CoStar Analytics
May 13, 2025 | 5:45 P.M.

Downtown Edmonton has dealt with elevated office space availability for years. In the past, the downtown areas of Edmonton and Calgary stood out in this regard, vacillating with booms and busts in the volatile energy sector. However, other downtown Canadian markets are also heading toward the lofty availability rates in Alberta.

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