In the fourth quarter, Edmonton’s overall office market experienced 138,559 sq. ft. of positive net absorption. The office market’s year-to-date absorption is negative 99,286 sq. ft.
There is currently 173,760 sq. ft. under construction in Edmonton’s office market. 33,400 sq. ft. of new supply was added in the fourth quarter of the year, bringing the year-to-date total to 117,149 sq. ft.
The Southside submarket was the strongest performing submarket in 2019, with a year-to-date absorption of 152,935 sq. ft.