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Calgary Suburban Office Market Report Q3 2021

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research article
By Cole Trifunov

Overall leasing activity in the Suburban office market this quarter was relatively low over the summer, with momentum gaining towards the end of September. Overall, there was a moderate contraction in office occupancy of ~65,000 square feet, two-thirds derived from the Beltline.

  • With the current moderate levels of activity throughout the Suburban office market, overall occupancy is expected to remain relatively flat for the near future. Numerous small to medium-sized occupiers have let their leases expire as they remain remote until they can confidently project their future office needs when they return with a complete in-person workforce.
  • In Calgary’s burgeoning tech sector, top-tier physical spaces are seen as a differentiation tool to attract the highest talent possible. Accessible locations, nearby or on-site amenities, and attractive office space are being used as tools to stand out from the rest


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Calgary Suburban Office Market Report Q3 2021

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For More Information, Please Contact:
Aly Lalani | Colliers | Calgary

Aly Lalani

Executive Vice President | Partner

Calgary

+1 403 298 0410
Email

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 | Colliers | Calgary - Southeast Industrial Office

Paul Marsden

Executive Vice President | Partner | Industrial Sales & Leasing

Calgary - Southeast Industrial Office

+1 403 571 8764
+1 403 605 9632
Email

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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