Calgary Suburban Office Market Report Q2 2020

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research article

The impact of COVID has begun to take shape, appearing initially more moderate than expected as represented in Calgary’s Suburban Office market by a relatively nominal quarter-over-quarter market contraction. 

  • Colliers has yet to see any major downtown occupiers confirm plans to relocate to the beltline/suburbs as a reprieve from the population density of the Downtown Core. 
  • Dedicated control over an entire space as well as access to parking over transit reliance is expected to become increasingly appealing to tenants.

  • Though there is an increased desire to work from home, at least occasionally, Colliers has found that the contraction of the physical office space market due to working from home will likely take place slowly across the next 8 years and is expected to be outpaced by overall economic growth. 

Office Market Report

Calgary Suburban Office Market Report Q2 2020

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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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