Despite early signs of a return to normalcy amidst steadily rising vaccination rates and lifting of restrictions, the Suburban office market experienced a similar overall contraction in Q2 as it did in Q1.
- Calgary’s burgeoning tech sector remains a topic that is fostering much attention, largely because of the implications that tech growth could have on the overall tenant mix and the possible revitalization of the office market
- 58% of companies surveyed in the latest installment of the Colliers office recovery report claim they will introduce some hybrid model of work upon a post-COVID return to the office.
- The City of Calgary’s commitment to revitalizing the Downtown Core, with the initial $200 million investment being the first installment of a greater 10-year plan, is beginning to draw the interest of some suburban tenants to include Calgary’s central business district in their search for office space.