Edmonton’s office vacancy rate perfectly balanced
BY BILL MAH, EDMONTON JOURNAL JULY 3, 2013 2:38 PM
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Edmonton downtown skyline
Photograph by: Bruce Edwards , Bruce Edwards/Edmonton Journal
EDMONTON - Both tenants and landlords have reason to smile at Edmonton’s office market, according to a new report.
The city has an overall office vacancy rate of 8.7 per cent, with downtown at 7.2 per cent and suburbs at 11.3 per cent, according to Avison Young’s second quarter 2013 Edmonton office market report.
Cory Wosnack, a principal with the commercial real estate services firm, said 8.0 per cent is considered a balanced market which benefits both tenants and landlords.
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