Downtown Mega Project Two Years Late
Though downtown condo construction is booming, Edmonton's office market overall has been slow to recover from the double whammy of provincial government cuts and the economic downturn of the early '90s, he says.
"Edmonton just historically hasn't been a big office city. It's been seen more as a blue-collar type of city. Your office tenants are the ones associated with the sheer size of the population: financial firms, legal firms, the big government sector. They lend stability to the market, but it hasn't grown," says the Calgary-based Gigliuk.