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Calgary Suburban Office Market Report Q2 2022

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research article

Activity in the suburban market was relatively high through the beginning of Q2, with velocity beginning to ease slightly towards the summer months resulting in a relatively flat quarter.

  • The South East submarket continues to show resiliency, posting the fourth consecutive quarter of positive growth in Q2, the longest active growth period across the entire Calgary office market.
  • Asking rates have begun to show signs of adjustment to the market as some rates drop in an effort to compete with attractive inner city markets.
  • With the trend of migration expected to continue in the near-to-mid term, availability in the suburbs is projected to rise as a result.

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Calgary Suburban Office Market Report Q2 2022

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Ian Huston

Managing Director, Calgary | Brokerage

Calgary

Ian is Managing Director in the Calgary office. Ian focuses on attracting  and retaining top performers in commercial real estate, as well as supporting Colliers' growth strategies and maintaining the company's top industry standing.

Ian is a seasoned leader with over 15 years of progressive experience in investment banking, corporate and capital markets, financing, and strategic advisory at a leading Canadian financial institution. He has led over $40 billion of successful M&A transactions, and numerous equity and debt financings.

Throughout his career, Ian has been a trusted advisor to executive management and board of directors of over 20 companies in the North American energy sector, including: upstream (conventional, oil sands, royalties), midstream, downstream, and energy services.

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Adam Jacobs

Senior National Director, Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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