Calgary Downtown Office Market Report Q4 2019

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research article

It was an active quarter for Calgary’s Downtown Office Market on the back of the Canadian Federal Election, with a generally negative reaction by Calgary’s energy community to the outcome.

  • Major changes class A space as Nexen and Husky space is added to inventory.
  • Vacancy Rates expected to remain consistent near term despite indications that 2020 may be a more promising year for the energy sector.
  • Growing technology sector continues to contribute to reverse migration from outside the central business district into Calgary's Downtown Core.

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Calgary Downtown Office Market Report Q4 2019

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Matt Rachiele

Managing Director | Calgary Brokerage

Calgary

Matt oversees the Southern Alberta Commercial Brokerage operations for Colliers, including Office, Workplace Strategy & Innovation, Industrial, Retail and Investment Sales transactions. He assumed this role in April 2019 upon leaving TD Securities, the capital markets division of the Toronto Dominion Bank Group.  Matt was an investment banker for twelve years in total, during which time he provided financial and strategic advisory services to a broad range of corporate and institutional clients, including two years as a Mergers & Acquisitions specialist in Toronto and the past eight years with TD’s Global Energy Group based here in Calgary.  

Matt has closed on ~$40Bn of lead transactions through the course of his career, including several of the largest IPOs and M&A transactions in Canadian history.  These included mandates spanning domestic and international Oil & Gas, Energy Infrastructure, Power & Utilities, Mining, Financial and Diversified companies.

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