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Renting: Downtown Office Space

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Updated August 1999
Edmonton's skyline from northwest of downtown

Downtown Edmonton has see a significant inccrease in new development in 1999. About $372 million in new construction and renovations have been announced split 1/3 residential, 1/3 hotel & retail, and 1/3 office/commercial projects. The overall vacancy rate for downtown was 14.4% in June 1999, down from 15.7% a year ago. Class A vacancy dropped, while Class B and C vacancy rose slightly.

Downtown Office Vacancy & Net Rental Rates

Class	Net Rentable Area (Sq.Ft.)	Total Vacancy	Vacancy Percentage	Net Rental Rates
Downtown A	5,985,685	608,479	10.2%	$8 - $10
Downtown B	2,565,709	450,398	1736%	$5 - $7
Downtown C	903,304	232,380	25.7%	$2 - $4
Government A	1,313,549	245,660	18.7%	$6 - $8
Government B	3,079,125	348,450	11.3%	$4 - $6
Government C	411,316	140,101	34.1%	$2 - $3

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