Market Report

Edmonton Commercial Real Estate Investment Insights, Year-End 2023 (Barclay Street Real Estate, Edmonton)

Edmonton’s commercial real estate (CRE) market was awash with investor activity during 2023. Tracking sales equal to or exceeding $1 million, the number of sales increased among each of the office, retail, industrial, multi-residential and ICI/ residential land asset classes, driving year-overyear transaction numbers up by 18%. Total dollar volume increased to more than $3.02 billion, a substantial 36% boost compared to investment in 2022.