Market Trends

What's the outlook for Edmonton commercial real estate?

Quick Answer

Short answer: Industrial stays hot, office stabilises, retail rebounds modestly.

Detailed Explanation

Colliers Q1 2025 shows industrial vacancy at 2.8%—tightest in the Prairies—driven by logistics demand along the Henday. Downtown office vacancy finally plateaued at 20.4% after two brutal years, thanks to tech-firm expansions in ICE District.

  • Industrial net rents up 7% YoY
  • Retail foot traffic back to 96% of 2019 levels (Avison Young)
  • Cap rates: industrial 5.5%, office A-class 7.2%

Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.

Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB


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Last updated: 2025-06-25

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Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB