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

Calgary downtown office vacancy trend unprecedentedThe persistent vacancy rate of downtown office space in Calgary above the 20 per cent level for the past few years is unprecedented and there seems to be no end in sight to the challenges this particular commercial real estate sector is facing. "This story needs to be understood and absorbed in the rest of…

Calgary/Edmonton downtown office vacancy to climb

CBRE commercial real estate report forecasts Calgary downtown office vacancy rate to jump to nearly 30 per cent this year

Calgary/Edmonton downtown office vacancy to climbThe downtown office markets in Calgary and Edmonton will continue to be challenged this year with real estate vacancy rates forecast to rise, according to real estate firm CBRE. In a report released Tuesday, CBRE said Calgary’s downtown office vacancy rate is expected to rise to 29.1 per cent this year from 27.2 per cent…

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

City’s downtown office vacancy rate “staggering”: CBRECalgary’s downtown office market hit a “staggering” 27.2 per cent vacancy rate in the fourth quarter of 2019, according to a report by commercial real estate firm CBRE. The company said it was another “uninspiring” quarter for the market “characterized by familiar trends: downsizing in the oil patch, suburban tenants picking up the slack, and…

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

Office vacancy rates decline in city Beltline, surburbsCalgary's near-downtown and suburban areas have seen a decline in office vacancy rates. A report by commercial real estate firm Colliers International says the vacancy rate in the fourth quarter in the Beltline area, just south of downtown, dropped to 22.6 per cent from a 23.05 per cent vacancy in the previous quarter. Vacancy the…