Figures
Edmonton Office Figures Q3 2026
Suburban market posts lowest vacancy in over a decade
October 16, 2026 5 Minute Read
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- The Edmonton office market recorded 6,300 sq. ft. of positive net absorption in Q3 2026, indicating overall vacancy rate stability quarter-over-quarter.
- Following a strong Q2 2026 the Downtown submarket in Q3 saw approximately 137,000 sq. ft. of sublease space return to the market. However, total sublease space remains below the 10-quarter average.
- With more than 93,000 sq. ft. of positive net absorption, the Suburban market posted its lowest vacancy rate in over a decade, with vacancy currently sitting at 15.1%.
- Downtown vacancy increased by 50 basis points (bps) during the quarter; however, the flight-to-quality trend remained evident from the continued leasing activity witnessed within the submarket.