Edmonton's commercial market just posted its softest quarter in a while, but the details show continued optimism heading into Q4 and 2027, from there.
Q3-2026 regional vacancy rose to 6.3% from 6.0%. Office and retail loosened; industrial tightened. At the same time, average asking rents climbed to about $24.10 per square foot, and the region has roughly 4.8-million square feet of commercial space under construction, the most in 2.5 years.
What happens when affordability, population growth, and investor confidence come together? Edmonton's commercial real estate market.
Q2 2026 delivered another quarter of stability, with strong occupancy levels, a thriving industrial sector, improving office fundamentals, and continued retail growth. Add billions in new investment and 15% population growth in just four years, and the outlook remains firmly positive.
Sundaes on a Thursday was a sweet success!
Our office turned into a full-on sundae bar this afternoon, and the creativity did not disappoint! From classic combinations to over-the-top masterpieces, our team really delivered.
#naicommercial #commercialrealestate #CRE #EdmontonBusiness #officefun
SOLD | 4219 – 99 Street NW, Edmonton
24,801 SF showcase retail building situated on a 1.2-acre site with excellent exposure to 99 Street and Whitemud Drive.
Congratulations to the seller and purchaser on the successful completion of this transaction.
This sale was completed through the collaboration of cooperating associates at NAI Commercial Real Estate Inc.
For more information on similar opportunities, please contact Daniel Yarmon (780) 436-7410.
#Sold #CommercialRealEstate #CRE #NAICommercial #EdmontonBusiness
EDMONTON, ALBERTA - 10/2/2026 - A new report, "Q3 Commercial Market Report 2026" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 08/18/2026 - A new report, "Q2 Commercial Market Report 2026" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 05/06/2026 - A new report, "Q1 Commercial Market Report 2026" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 12/01/2025 - A new report, "Q4 Commercial Market Report 2025" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 12/01/2025 - A new report, "Q3 Commercial Market Report 2025" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 07/16/2025 - A new report, "Q2 Commercial Market Report 2025" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 04/22/2025 - A new report, "Q1 Commercial Market Report 2025" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 01/27/2025 - A new report, "Q4 Commercial Market Report 2024" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 10/29/2024 - A new report, "Q3 Commercial Market Report 2024" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 07/15/2024 - A new report, "Q2 Commercial Market Report 2024" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 05/14/2023 - A new report, "Q1 Commercial Market Report 2024" has been released by NAI Commercial Real Estate Inc.
EDMONTON, ALBERTA - 01/29/2023 - A new report, "Q4 Commercial Market Report 2023" has been released by NAI Commercial Real Estate Inc. Multiple converging conditions are leading to the most optimistic commercial realty projections the Edmonton region has seen since before 2020, looking ahead for the new year.
EDMONTON, ALBERTA - 10/30/2023 - A new report, "Q3 Commercial Market Report 2023" has been released by NAI Commercial Real Estate Inc. Space conversions, local affordability, and an increase in available inventory have combined for a strong Q3 commercial realty performance.
EDMONTON, ALBERTA - 07/27/2023 - A new report, "Q2 Commercial Market Report 2023" has been released by NAI Commercial Real Estate Inc. Despite struggles coming to residential real estate markets, commercial realty has largely held a steady path through continued national challenges - though vacancy hurdles remain in certain areas
EDMONTON, ALBERTA - 04/19/2023 - A new report, "Q1 Commercial Market Report 2023" has been released by NAI Commercial Real Estate Inc. Retail expected to thrive despite big box closures, with sustained industrial foothold and turbulent office vacancies rounding out the local region.
EDMONTON, ALBERTA - 01/30/2023 - A new report, "Q4 Commercial Market Report 2022" has been released by NAI Commercial Real Estate Inc. Edmonton’s office landscape remains the lone holdout from a surging end-of-2022 market, with notable growth in the industrial and retail sectors.
EDMONTON, ALBERTA - 11/01/2022 - A new report, "Q3 Commercial Market Report 2022" has been released today by NAI Commercial Real Estate Inc.
Read the Report
EDMONTON, ALBERTA - 7/25/2022 - A new report, "Q2 Commercial Market Report 2022" has been released today by NAI Commercial Real Estate Inc.
Read the Report
EDMONTON, ALBERTA - 4/21/2022 - A new report, "Q1 Commercial Market Report 2022" has been released today by NAI Commercial Real Estate Inc.
Read the Report
EDMONTON, ALBERTA - 1/21/2022 - A new report, "Q4 Commercial Market Report 2021" has been released today by NAI Commercial Real Estate Inc.
Read the Report
October Industrial Commercial Lease & Sale listings are available to view.
October Office Commercial Lease & Sale listings are available to view.
October Retail Commercial Lease & Sale listings are available to view.
October Land Commercial Lease & Sale listings are available to view.
October Investment & Business Commercial listings are available to view.
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Understanding Office Construction Costs
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Understanding Office Build Out & Op Costs
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Guide to the Permits Process
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City of Edmonton – Business License
Fort Saskatchewan – Business Licenses/Permits
Strathcona County – Business Needs
Business Development Bank of Canada
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Canadian Real Estate Association
Demographics and Profiles
Business and Economy
Industrial Development
Traffic Count
Maps
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