Leasing conditions in Edmonton's office market appear to have stabilized following a sustained decline in activity that began in mid-2023.

Over the final three quarters of 2025, quarterly leasing volumes levelled off at approximately 250,000 square feet. Despite this stabilization, total leasing for the year marked the lowest annual volume recorded over the past three years. Early leasing indicators suggest this steadier pace has continued into 2026.
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Strong detached price growth contrasts with softening condo market in May

The Greater Edmonton Area (GEA) real estate market reported 2,557 sales in May 2026, increasing 3.2% in comparison to activity in April 2026 and decreasing 13.4% compared to May 2025.

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