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Edmonton commercial real estate
Edmonton Commercial Real Estate Market Report: Q3 2026
Office, industrial and retail vacancy and rents for Edmonton, from the latest published brokerage reports, plus guides to the city's main commercial districts. Figures are as published; we do not estimate.
Office
Office vacancy, all Edmonton17.6%
Downtown (Central) vacancy17.9%
Suburban vacancy17.1%
Average gross asking rent$33.21/sq ft
Cushman and Wakefield put Edmonton office vacancy at 17.6% in Q3 2026, down from 18.4% a year earlier. Downtown (Central) vacancy was 17.9%, with the Financial Core at 19.0% and the Government district at 15.1%. Average gross asking rent was $35.54 per sq ft downtown and $29.55 in the suburbs. No new office space was under construction. CBRE reported suburban vacancy of 15.1% in the same quarter, which it called the lowest in over a decade, while downtown vacancy rose slightly as sublease space came back to market. The two firms measure differently, so their figures do not match exactly.
Industrial
Industrial vacancy5.6%
Average asking net rent$11.80/sq ft
Additional rent (operating costs)$5.03/sq ft
Under construction2.5M sq ft, 65% preleased
Edmonton industrial vacancy was 5.6% in Q3 2026 according to Cushman and Wakefield, with average asking net rent of $11.80 per sq ft (up from $11.55) and Q3 net absorption of 471,214 sq ft. By submarket, vacancy was 0.7% in the Northeast, 2.8% in Sherwood Park and Strathcona County, 3.1% in Acheson, 5.3% in the Southeast, 6.5% in the Northwest and Central, and 7.5% in Leduc and Nisku. CBRE reported negative net absorption for the quarter as new speculative buildings delivered, and described large-bay availability as masking healthy underlying fundamentals.
Retail
Retail vacancy, Edmonton3.6%
Downtown retail vacancy9.0%
PeriodH2 2025, latest published
Cushman and Wakefield reported Edmonton retail vacancy of 3.6% in the second half of 2025, down from 4.3%. Downtown retail vacancy fell from 12.7% to 9.0%.
Edmonton commercial districts
Questions
What is the office vacancy rate in Edmonton?
17.6% overall in Q3 2026, with downtown (Central) at 17.9% and the suburbs at 17.1%, according to Cushman and Wakefield. CBRE reported suburban vacancy of 15.1% for the same quarter.
What does industrial space rent for in Edmonton?
Average asking net rent was $11.80 per sq ft in Q3 2026, plus additional rent of about $5.03 per sq ft, according to Cushman and Wakefield. The firm expects rents to stay in the $11 to $12 range into 2027.
Which Edmonton industrial area has the lowest vacancy?
In Q3 2026 the Northeast submarket had 0.7% vacancy, followed by Sherwood Park and Strathcona County at 2.8% and Acheson at 3.1% (Cushman and Wakefield).
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.
How often is this report updated?
We update these figures when the brokerages publish new quarterly reports, usually each January, April, July and October.
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
Commercial zoning guide124 StreetWhyte Avenue and Old StrathconaDowntown EdmontonAlberta 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 Industrial MarketBeat Q3 2026; Cushman and Wakefield, Edmonton Retail MarketBeat H2 2025; CBRE, Edmonton Office Figures Q3 2026; CBRE, Edmonton Industrial Figures Q3 2026.
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