Edmonton Q3 2018
Office Market Edmonton Q3 2018 Tenants on the Move The long-anticipated opening of Stantec Building on 104 Street and 102 Avenue. Tower will commence in the fourth quarter The growing tech company’s decision to of 2018, as Stantec is set to occupy select Edmonton for its North American 460,000 sf in Western Canada’s tallest expansion is another step forward for the building. The engineering and consulting city’s burgeoning tech industry. company will vacate a total of 378,000 sf In Commerce Place, beginning in the comprised of Government district class A Stantec began as a one- fourth quarter, the Government of space - 189,000 sf in Stantec Centre and Alberta is expanding their occupancy person company in 1954. 131,000 sf in the Devonian Building - and to 490,000 sf, growing by 70,000 sf on Now 1,500 Edmonton- 58,000 sf from Stantec 2 (now known as their existing 420,000 sf footprint. based employees will The Annex) in the Financial district. The net effect of all Stantec Tower’s tenant occupy 19 of 69 storeys in Rounding out 2018, PwC will be vacating movement on Edmonton’s downtown Western Canada's tallest 42,000 sf in TD tower and move into 51,000 market will be 91,000 sf of positive building. sf in the upper floors of Stantec Tower. DLA absorption. As a result from the recent Piper will also join the tenant list in the new construction of three new office towers tower and occupy 25,000 sf, while vacating within the past three years – Enbridge 24,000 sf in Scotia Place.
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