New report shows good news for Edmonton office vacancies

Edmonton has seen the first drop in office vacancy rates in five years as local economic conditions continue to improve, a new report from real estate firm CBRE Canada says.
Vacancies were down to 19.7 per cent in summer 2017 from 19.9 per cent in the previous three months, according to the company’s office and industrial stats report released Tuesday.
That’s the first decline since the summer of 2012, when the office vacancy for Edmonton shrank to 9.3 per cent from 9.9 per cent.
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