Calgary Suburban Market Report Q3 2019

research article

In Q3 2019, both the Beltline and greater suburban office markets continued to show resiliency in the face of challenging market conditions. The market experienced quarter over quarter absorption across the board, with growth in occupancy in all but 4 of the 15 market subsets inclusive of class and region.

  • Occupancy cost increases in suburban properties are expected to continue to attract more companies into the inner city and downtown markets.
  • Colliers expects a significant number of large tenants to be transacting in the suburban market in Q4 and into early 2020.
  • Expect an increase in M&A activity to consolidate the footprint of the energy and engineering sectors in the suburban market

Calgary

Calgary Suburban Market Report Q3 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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