Edmonton Real Estate Market

[IanO]

Quick Stats

17.4%
Overall Office Vacancy

16.8%
Total Downtown Vacancy Rate

18.2%
Total Suburban Vacancy Rate

-121,632 sf
Downtown Absorption

-148,528 sf
Suburban Absorption

https://www.avisonyoung.ca/documents/95662/6345302/Edmonton+Office+Market+Report+%28Q4+2020%29/c15131c8-63b6-4570-8ee6-24d9f90d3bb5?t=-230543330

 

[IanO]

National Retail Report Year End Overview & Outlook | Colliers

The Canadian retail sector has seemingly started the road to recovery, with consumer confidence up from the depths experienced during the lockdowns in mid-2020 and retail sales growth returning.

www.collierscanada.com

 

[IanO]

Edmonton Office Market Report Q4 2020 | Colliers

Although tenant activity remained relatively flat over the fourth quarter of 2020, we began to see increasing levels of optimism among both tenants and landlords, as Pfizer and BioNTech released preliminary data in November indicating that their coronavirus vaccine was over 90% effective.

www.collierscanada.com

 

[Daveography]

Crestpoint acquires Edmonton's Northport Business Park | RENX - Real Estate News Exchange

Crestpoint Real Estate Investments Ltd. continued its early 2021 acquisition spree, announcing Wednesday it has acquired the Northport Business Park in Edmonton. Northport Business Park is a class-A, new-generation warehousing and distribution complex located in northwest Edmonton. Built from...

renx.ca

 

[ChazYEG]

Just got hard confirmation from Tesla that their dealership will be opening here, at some point before the end of May. For privacy reasons I won't post my invoice, but the expected delivery address for my Model Y, if I decide to finalise the purchase, is 17616 111 Ave NW, which matches what has been said: they'll open at the old Infinity in the West End.

 

[IanO]

I'm a bit surprised that they would not have placed this a bit more central.

 

[jason403]

Tesla set to open new Sales, Service, and Delivery Center in Edmonton, Alberta

Tesla is continuing to rapidly expand its retail presence in Canada as the automaker will soon open a new store in Edmonton, Alberta.

driveteslacanada.ca

Was announced back in December, converting an Infiniti dealership.

 

[IanO]

Becoming a sellers market!

 

[Stevey_G]

Becoming a sellers market!

Good. Good. Soon I can sell my condo downtown and stop living in my van down by Puntledge River.

 

[IanO]

https://www.linkedin.com/in/afcanavera/

 

[IanO]

Positive news for Downtown:

We are pleased to announce the completion of a lease for 11,024 square feet of office space with Invistec Consulting Ltd at 10130-103 Street in Edmonton, Alberta.

More info:

103 Street Centre - Epic Investment Services

103 Street Centre 123 Marissa Fikus

epicinvestmentservices.com

 

[Avenuer]

So an entire floor in that tower, great to hear!

 

[IanO]

Only 8 or 9 more to go to fill that gem.

 

[TAS]

Invistec was already located downtown, is this an expansion for them?
They leaving a less desirable building?

 

[Avenuer]

Invistec was already located downtown, is this an expansion for them?
They leaving a less desirable building?

Yes, they've grown as a company.