Commercial real estate bounce-back in Edmonton as office vacancy climbs

Compared to a year ago, the firm also reported an average price increase from $160 per square foot to $171 per square foot.

In the Garneau and Whyte Avenue area, however, vacancy rates have been hovering above average — most recently at 7.3 per cent, though down from 9.4 per cent a year ago — while the rate for St.

The Network found sales in the retail sector flat year over year and in line with 2019 figures.

On the other hand, the firm notes, 53 per cent of more than 500 professionals in Canada said they would look for a new job allowing remote work options if employers required staff to return to the office five days a week.

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