Edmonton’s 2025 commercial real estate market is expected to experience increased rental unit demand, migration to higher quality office buildings, and growth in the industrial sector, according to a CBRE report. The office market is projected to maintain positive absorption with a vacancy rate of 23.6%, with a focus on higher-quality buildings for leasing. The industrial market in Alberta is anticipated to see more demand from national and international users due to lower real estate costs compared to other Canadian markets, with the availability rate dropping to 4.5% in 2025.
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