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Edmonton commercial district
Downtown Edmonton Commercial Real Estate Guide
Downtown Edmonton is the city's largest office market, home to the Ice District and Rogers Place, and the focus of a multi-year City revitalization plan. Here is what buyers, landlords and tenants should know.
Downtown office vacancy17.9% (Q3 2026)
Downtown retail vacancy9.0% (H2 2025)
Downtown Action PlanAbout $553 million
Ice DistrictAbout 10 hectares
Office and retail
- Downtown (Central) office vacancy was 17.9% in Q3 2026, with the Financial Core at 19.0% and the Government district at 15.1% (Cushman and Wakefield).
- Average gross asking office rent downtown was $35.54 per sq ft.
- Downtown retail vacancy fell from 12.7% to 9.0% in the second half of 2025.
Ice District
- About 10 hectares (25 acres) in Downtown and part of Central McDougall, roughly 101 to 104 Street and 103 to 106 Avenue.
- Rogers Place opened September 8, 2016; Stantec Tower, at 66 floors, is Edmonton's tallest building.
- MacEwan LRT station sits just north of Rogers Place.
Transit and City plans
- LRT: Capital and Metro lines serve downtown; Valley Line Southeast opened November 4, 2023 with stops at 102 Street, Churchill and Quarters; Valley Line West will add NorQuest, MacEwan Arts/112 Street, Wîhkwêntôwin/116 Street and Brewery/120 Street.
- Downtown Action Plan: a five-year plan of about $553 million covering streetscape, housing and safety, unanimously approved at Urban Planning Committee in May 2025.
- Community Revitalization Levy: the Capital City Downtown CRL funds catalyst projects.
- Imagine Jasper Avenue: 109 to 114 Street is finished; 114 to 124 Street is under construction through 2027.
- Warehouse Park opened in 2025.
The Edmonton Downtown Business Association runs Dining Week, the downtown Farmers' Market and Winterval, and expanded its Core Patrol to daytime in November 2025.
Questions
How much downtown Edmonton office space is vacant?
Cushman and Wakefield reported 17.9% vacancy in the Central (downtown) market in Q3 2026.
Is downtown Edmonton retail recovering?
Downtown retail vacancy fell from 12.7% to 9.0% in the second half of 2025, according to Cushman and Wakefield.
What is the City investing downtown?
About $553 million through the Downtown Action Plan, approved at Urban Planning Committee in May 2025.
Which LRT lines serve downtown Edmonton?
The Capital and Metro lines and Valley Line Southeast serve downtown now, and Valley Line West is under construction.
Buying, selling or leasing?
Our commercial team works with buyers, sellers, landlords and tenants across Edmonton. See commercial real estate services, leasing, retail space for sale, office space for sale, industrial property for sale and businesses for sale on HauptRealty.com.
Commercial listings on EdmontonRealtor.ca
More Edmonton commercial guides
Edmonton commercial market reportCommercial zoning guide124 StreetWhyte Avenue and Old StrathconaAlberta Avenue (118 Avenue)Kingsway DistrictChinatownStony Plain Road and Jasper PlaceFort Road and BeverlySouth Edmonton CommonWest Edmonton Mall areaGateway Boulevard and Calgary Trail
Sources: Cushman and Wakefield, Edmonton Office MarketBeat Q3 2026; Cushman and Wakefield, Edmonton Retail MarketBeat H2 2025; Edmonton Downtown Business Association; Wikipedia, Ice District; Wikipedia, Valley Line (Edmonton); City of Edmonton, Downtown strategy; Global News; City of Edmonton, Imagine Jasper Avenue; City of Edmonton, Warehouse Park.
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