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Research

Calgary Downtown Office Market Report 2019 Q1

Calgary Downtown Office Market Report 2019 Q1

Calgary Downtown Office Market Report 2019 Q1

  • Calgary’s downtown office market realized positive absorption in the first quarter of 2019, resulting in the vacancy rate decreasing to 25.23 percent.
  • Given the current economic climate downtown, landlords continue to compete over a small pool of prospective tenants by offering aggressive base rents and lucrative inducements.
  • Sublease availability for spaces under 5,000 square feet remains scarce

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