Edmonton Retail Figures H2 2024

–       Overall retail vacancy has increased by 30 basis points (bps) from H1 2024, with vacancy currently sitting at 5.7%.

–       Vacancy did fall in the Northwest, Southeast, and St. Albert, with several other submarkets also recording strong leasing activity across multiple asset types.

–       Regional malls experienced the greatest change in occupancy with a 310 bps decline in vacancy from the previous half.

–       Edmonton's food scene continues to gain considerable traction as several local restaurant's gained notoriety by earning a spot on Open Table’s Top 100 Restaurants in Canada list.

–       Ultimately, Edmonton’s retail market ended the year on a strong note, despite a modest 38,580 sq. ft of net negative absorption this half, the market ended the year with 148,475 sq. ft. of net positive absorption.