Calgary Suburban Office Market Report Q4 2019

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research article

Calgary’s Suburban office market was relatively quiet this past quarter, and overall absorption was limited and resulted in the lowest quarter over quarter change experienced since Q1 2017.

  • Q4 2019 marks the fifth consecutive of positive growth for Calgary's Suburban and Beltline Markets.
  • Activity in the technology sector remained steady as with multiple major renewals and expansions in the Suburban Market.
  • The Beltline continues to most directly face the effects of reverse migration to the Downtown Core.

Office Market Report

Calgary Suburban Office Market Report Q4 2019

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Matt Rachiele

Managing Director | Calgary Brokerage


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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