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Edmonton’s office vacancy rate fell to 19% in 2025 due to conversions, government return to offices in 2026, and bank commitments.
Edmonton’s office market stabilized in 2025, with vacancy rates dropping to 19% from a 2023 peak of nearly 23%, aided by office-to-residential conversions like Connect Tower and The Standard, a return to in-office work by provincial employees starting in February 2026, and commitments from major financial institutions including National Bank and ATB to maintain or expand their downtown presence.
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La tasa de vacantes en oficinas de Edmonton cayó al 19% en 2025 debido a las conversiones, el retorno del gobierno a las oficinas en 2026 y los compromisos bancarios.