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Calgary Office Downtown Market Report Q2 2021

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research article

Despite Calgary’s Downtown office market once again experiencing significant negative absorption in Q2, quarter-over-quarter contraction decreased from Q1 to Q2.

  • The expansion of the tech industry in Calgary continues to be a notable segment of growth as more major tech companies such as Mphasis, Infosys and mCloud commit to establishing their Canadian headquarters in Calgary.
  • 58% of companies surveyed in the latest installment of the Colliers office recovery report claim they will introduce a hybrid model of work going forward, meaning employees will have the option to work remotely for a percentage of the week.
  • There has been a trend of organizations beginning to consider their office space, workplace design and amenities as a tool to entice employees back to the office.

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Calgary Office Downtown Market Report Q2 2021

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Aly Lalani

Executive Vice President | Partner

Calgary

Aly has specialized in Calgary's downtown leasing market with Colliers for the past 19 years. Aly has developed strong relationships with both tenants and landlords and has been involved in lease transactions totalling in excess of 5,000,000 square feet.

Aly has experience dealing with numerous types of leasing situations including lease transactions from both the tenant and landlord perspectives, subleasing and assignment, surrender, renewal and premises expansions and contractions. Aly's experience and solid educational background gives him strength in communication, negotiation and financial analysis which allows his clients to evaluate all scenarios and make informed decisions.

Since becoming a Partner in 2007, he has taken on a leadership role by providing guidance, training and mentorship within the firm and commercial real estate community as a whole. Most recently, Aly has joined the NAIOP Mentorship Program, designed to match developing leaders with experienced and established leaders in the industry.

On numerous occasions, Aly has been given the Award of Excellence by Colliers International as a North American top performer.

Aly's work on behalf of companies such as Symend Inc., Avanti Software Inc., Telus, Statoil Canada Ltd., Black Diamond Group Limited, Altalink LP, Dale Carnegie, Ernst & Young, HSBC, Canon Canada, Blackstone Real Estate, Slate Properties, KingSett Capital, Choice Properties, Bantrel Engineering, Matrix Solutions, UBS Canada and Viterra has earned him respect as one of Calgary's leading real estate leasing professionals.

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Paul Marsden

Executive Vice President | Partner | Industrial Sales & Leasing

Calgary - Southeast Industrial Office

Paul Marsden is an Executive Vice President & Partner of the Colliers Calgary operations.  In his day-to-day efforts he focuses on the Calgary industrial real estate market, specializing in tenant and user representation.  Throughout his career Paul has established a strong reputation for evaluating the current market conditions and in-turn strategizing to best serve his client’s requirements.  In conjunction with his team, they have completed 18.1m sf of transaction and nearly 1,000 acres of land sales over the past 5 years, representing approximately $1.45b in transaction value. 

Beyond brokerage Paul has an active role on the Board of Director for the Colliers Calgary operations, and he takes pride in seeing both the development of the people within Colliers, and the overall growth of the company. 

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Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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