Calgary downtown office vacancy trend unprecedented
Today and since 2016, the Calgary downtown office market vacancy rate has been above 20 per cent with no end in sight apparently
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Leasing activity picks up in overall Calgary office market
Positive absorption overall in 2019 was 689,000 square feet. In 2018, it was a positive 834,000 square feet. But vacancy still elevated.
City’s downtown office vacancy rate “staggering”: CBRE
Commerical real estate firm cites “uninspiring” quarter with downsizing in the oil patch, suburban tenants picking up the slack, and tenants upgrading quality
Office vacancy rates decline in city Beltline, surburbs
Colliers expects to see little absorption in the Beltline market in 2020 as it continues to be affected by the flow of tenants into the downtown core
Calgary office market will hit ‘peak vacancy’ this year
Forecast predicts vacancy exceeding 24 per cent in 2020 asa result of anticipated layoffs and corporate departures from Calgary’s office market
