Calgary Downtown Office Market Report Q4 2019

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 joined Colliers in April 2019 upon leaving TD Securities, the capital markets division of the Toronto Dominion Bank Group.  He 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 in Calgary.

 

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