Edmonton’s office market ended the year on a high note achieving positive absorption of 327,209 sq. ft., after three years of negative absorption.
Stantec Tower was completed in the fourth quarter of 2018. Including Sky Residences, this tower reaches 69 stories in height, and is the tallest tower west of Toronto. Stantec has moved into the building and currently occupies 17 floors.
After 5 years of negative net absorption, the downtown office market achieved positive absorption.