2026年埃德蒙顿零售数据 强劲的租赁助力市场在租户流失中保持平稳

CBRE

FIGURES|EDMONTONRETAIL|2026

Strongleasinghelpsmarketremainflat

despitetenantdepartures

-59K

SFNetAbsorption

Note:Arrowsindicatechangefrompreviousyear.

5.6%

VacancyRate

914K

SFUnderConstruction

478K

SFNewSupply

ExecutiveSummary

-Thisreportwaspreviouslypublishedonasemi-annualbasis.Beginningwiththisedition,itwillbepublishedannually,everyAugust.

-ThedepartureofHudson'sBayCompanyhasleftaconsiderableamountofspaceacross

manySuperRegionalCenterswiththemostnotablebeinginSouthgateandWestEdmontonMall,whichdoubledtheSuperRegionalvacancyto4.1%.Thiswasoffsetwithstrongleasingacrossothernodesinthecityallowingoverallretailvacancytoremainflatfrom2025at

5.6%.

-VacancydecreasedacrossseveralsubmarketswiththemostnotabledeclineintheCBD,Northwest,andSherwoodParkdistricts.

-TheEdmontonretaillandscapehasundergonemanychangesinthepastfewyears,

adaptingtoevolvingconsumerbehaviorbyembracingpopularexperientialretailconceptslikefitnessstudiosandgolfsimulatorsseeninothermajorurbanmarkets.Despitethe

closuresofafewlongstandingrestaurants,thecityhasalsowitnessedtheopeningof

severalhigh-end,European-inspiredcocktailbarsandrestaurantswithinthedowntowncore.

FIGURE1:HistoricalLeasingFundamentals

NetAbsorption&NewSupply(000’sSF)VacancyRate(%)

1,40014.0

1,200

1,000

800

600

400

200

0

-200

-400

-600

12.0

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

-4.0

-6.0

20072008200920102011201220132014201520162017201820192020202120222023202420252026NetAbsorptionNewSupplyVacancyRate

Source:CBREResearch,August2026.

1CBRERESEARCH©2026CBRELimited

FIGURES|EDMONTONRETAIL|2026

2CBRERESEARCH©2026CBRELimited

MarketTrends

TheEdmontonretailmarkethasheldstrongin2026,withvacancyremainingunchangedfrom2025at5.6%,whichwasaccompaniedby59,360sq.ft.ofnegativenetabsorption.

ThedepartureofHudson'sBayCompanyhasleftaconsiderableamountofspaceacrossmanySuperRegionalCenterswiththemostnotablebeinginSouthgateCenterandWestEdmonton

Mall,whichdoubledtheSuperRegionalvacancyto4.1%.SomeoftheformerHudson’sBay

spaceshavealreadybeenbackfilled,withDesignerDepotopeninginKingswayMallandWalmartscheduledtoopeninSouthgateCenter.

Additionally,strongmarketmomentumacrossmanynodesinthecityhelpedtooffsetthe

vacancyleftbytheretailgiant.VacancydecreasedacrossseveralsubmarketswiththemostnotabledeclineintheCBD,Northwest,andSherwoodParkdistricts.

Inaddition,therewas478,069sq.ft.ofnewsupplydeliveredthisyearasmultipledevelopmentscompletedconstruction,withalmostamillionsq.ft.currentlyunderconstructionacrossthecity.FuturedevelopmentsincludeseverallargeformatcenterslikeEVERatMattson,a10building,

85,000sq.ft.shoppingcenter.

Downtownseesnewconceptsemerge

TheCentralBusinessDistricthasseenmoderateleasingmomentumwithvacancycurrentlysittingat12.2%.Despitetheclosureofseverallongstandingrestaurants,leasingmomentumdowntownremainsstrongwithmanytrendy,unique,foodconceptsopeningacrossthecity.

LaurenKyleMcDavid'sBarTrove,asophisticated,cocktailloungeinspiredbyherEuropeantravelsopenedintheCanadaPermanentBuildingwhileDanielCostaaddedtheelegantly

curatedMimi,whichopenedintheCitizenonJaspertohislineupofculinaryventures.IntheBreweryDistrict,theteambehindEdmontonfixturesBiancoandRossounveiledNero.

ThesustainedsuccessofSABOR,despiteongoingLRTconstruction-relateddisruptions,

highlightsthestrengthofEdmonton'sdiningmarket,asevidencedbyChristianMenaand

AdelinoOliveira'srecentopeningofTheAtriumandplannedlaunchofRocainthehistoricUnionBankbuilding,whichroundsoutthecity’slineupofnewupscalerestaurantsownedbylocal

Edmontonians.

FIGURE2:RetailVacancybyFormat(%)

25.0

20.0

15.0

10.0

5.0

0.0

17.0

18.2

17.8

9.2

7.77.9

4.1

6.0

3.9

7.6

3.9

3.4

5.6

2.1

3.7

2.9

2.0

SuperRegional

Shopping

Centre

FreestandingMixedUseConvenienceCommunityShopping

Centre

Neighbourhood

Shopping

Centre

RegionalMallPowerCentre

20252026Average

Source:CBREResearch,August2026.

FIGURE3:RetailDevelopmentPipeline

TradeArea

ProposedDevelopment

(Sq.ft.)

UnderConstruction

(Sq.ft.)

NewSupply

(Sq.ft.)

CBD

140,000

20,000

12,000

Northeast

14,055

115,000

106,000

Northwest

0

18,028

0

SherwoodPark

19,000

77,716

0

Southeast

55,000

172,495

25,000

Southwest

140,000

675,520

142,752

St.Albert

8,780

12,000

0

West

200,000

20,000

144,137

Total

576,835

1,110,759

429,889

Source:CBREResearch,August2026.

FIGURES|EDMONTONRETAIL|2026

3CBRERESEARCH©2026CBRELimited

Edmonton’sexperientialretailrebound

TheEdmontonretaillandscapehasundergonemanychangesinthepastfewyears,adaptingtoevolvingconsumerbehaviorbyembracingpopulartrendsprevalentinothermajorurbanmarkets.

SeveralpropertytypesnotedadeclineinvacancywiththeMixed-UseandFreestandingpropertiesshowingthelargestdecreasesofallpropertytypes.

WhilesuburbansubmarketsremainstrongwithlongstandingchainslikeCactusClubopeninginWindermere,Edmontonhasalsoseengrowthintheexperientialretailsectorwiththesoon-to-

openParandPourrestaurant,cocktaillounge,eventvenue,andhigh-endgolfsimulatorinsouthcentralEdmonton.ThecityhasalsowelcomedtherecentlyopenedAlbatrossVirtualGolfintheheartofdowntownandtheunderconstructionRCGolfandGamesinEnoch,immediatelywestofEdmonton.

Theseconceptsareindicativeofabroaderculturalshifttoward“Retailtainment”wheredining,entertainmentandrecreationarecombinedunderonesingleroof,demonstratingamovementtowardcreating“thirdplaces”whereconsumerscansocialize,exercise,andenjoyamenities

outsideoftheirhomeandworkplace.

Retailinvestmentsceneshowsmomentum

TheEdmontonretailinvestmentmarketdemonstratedastrongyear,continuingthemomentumgeneratedin2025,withseverallargeretailcentersalltransacting.Therecentacquisitionof

KingswayMallbyMontreal-basedWestcliffsignalsthefirm’sreturntowesternCanada.

SummerBreezeCentersoldfor$17.3million,WhitemudCrossingfor$23.6million,TheGrangefor$35.1million,LondonderryMallfor$55.0million,St.AlbertCenterfor$60.0million,andSherwoodParkMallfor$107.0million.Additionally,EdmontonCityCenter,recentlysoldwithplansto

convertpartofthemalltoresidentialunits,includingarooftopNordicspa.

ThisinvestmentactivityunderscorescontinuedinvestorconfidenceintheEdmontonretailmarket,highlightingthestrongdemandforwellpositionedassets.

FIGURE4:RetailMarketStatistics

TradeArea

TotalRentableArea(SF)

VacancyRate

CBD

6,552,587

12.2%

Northeast

3,278,381

6.7%

Northwest

3,169,229

2.1%

SherwoodPark

2,426,053

1.4%

Southeast

3,270,324

3.1%

Southwest

8,353,272

5.2%

St.Albert

1,899,159

9.7%

West

8,953,686

3.2%

Total

37,902,691

5.6%

Source:CBREResearch,August2026.

FIGURE5:RetailMarketStatisticsbyRetailType

RetailType

TotalRentableArea(SF)

VacancyRate

Mixed-Use

2,183,165

9.2%

Freestanding

1,360,035

6.0%

Convenience

1,548,884

3.9%

NeighbourhoodShoppingCentre

4,987,157

2.1%

CommunityShoppingCentre

11,370,819

2.9%

RegionalMall

3,445,232

17.8%

SuperRegionalCentre

6,656,798

7.7%

PowerCentre

6,350,601

3.4%

Total

37,902,691

5.6%

Source:CBREResearch,August2026.

FIGURES|EDMONTONRETAIL|2026

MarketAreaOverview

Definitions

Convenience:Open-airpropertywithafewtenantsthatofferanarrowmixofgoodsandpersonalservicestoaverylimitedtradearea.

Neighbourhood:Builtaroundasupermarketasaprincipaltenant

Community:Anchoredbyajuniorordiscountdepartmentstore,orspecialtystore(s).

Freestanding:Individualretailstoreswithentrancesfacingstreetlevelinshoppingdistricts.

Mixed-Use:Multi-componentstructuredevelopedasasingleandcoherententitywhereitsretailcomponentispredominantandaccountsforoneofatleasttwosignificantrevenue-producinguses.

PowerCentre:Anchoredbythreeormore“bigbox”storesandtenantedbyotherdiscountorwarehouseclubretailers.

RegionalMall:Anchoredbyoneortwofull-lineencloseddepartmentstoresofgenerallynolessthan300,000sq.ft.

SuperRegional:Anchoredbyoneortwofull-lineencloseddepartmentstoresofgenerallynolessthan800,000sq.ft.

CBREEdmonton

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Edmonton,ABT5J3S4

Contacts

MarkAnderson

ManagingDirector/p>

Mark.Anderson@

ChelseaDavidson

SeniorResearchAnalyst/p>

Chelsea.Davidson