Market Report
Edmonton Retail Market Report
2025 Investment Forecast
Economic Strength Attracting Both
Domestic and Global Retailers
Vacancy rate to stabilize amid healthy market conditions. Edmonton’s demographic advantages have played a key role in driving retail sector growth in recent years. A rapidly growing population, combined with high disposable income, have established the city as an attractive retail market. Retailers seeking to expand their presence in Canada have also been drawn to Edmonton’s better space availability and lower rental costs compared with other metros. Last year, this trend was marked by the expansion of grocery chains such as FreshCo, No Frills and L’OCA Quality Market, alongside the openings of new quick service restaurants, including Chipotle, Chick-fil-A and Crumbl Cookies. Looking ahead, 2025 is set to bring some demographic headwinds as the federal government takes steps to curb population growth; however, Edmonton’s economy is expected to remain resilient. Supported by a robust energy sector, ongoing industry diversification and its lower cost of living, the region could keep population growth above the national average amid interprovincial migration. Consumer financial health is also likely to improve as declining interest rates ease household debt burdens. These strengths are projected to uphold sector fundamentals.
TO READ THE FULL ARTICLE
