The Edmonton office market recorded 83,545 sq. ft. of negative absorption in Q2 2020. The Financial submarket accounted for the majority of the negative absorption as a large sublease was announced in the downtown core. Overall, Edmonton remained relatively flat, as COVID-19 put the market on pause.
Short-term deals have become prevalent throughout the city, as tenants are wary to commit to spaces. The majority of landlords in Edmonton are open to short-term deals.