Calgary Downtown Office Market Report Q2 2020

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Calgary’s Downtown Office Market began to feel the fallout of the global pandemic in the second quarter. However, this fallout has been slightly more moderate than initially expected to date, with a quarter over quarter contraction in occupancy of only ~150,000 SF (26.95%).

  • Despite negative absorption overall this quarter, there have been no COVID-related discounts to posted rates as of the end of June. 
  • Both landlords and occupiers continue to evolve their businesses to adhere to provincial and federal health guidelines to ensure the health and safety of both employees and tenants. 
  • Downtown office has begun to show signs of a return to some kind of new normal as tenants begin to execute their return to work strategies.

Calgary Downtown Office Market Report Q2 2020

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Pour plus d’informations, veuillez contacter:

Matt Rachiele

Managing Director | Calgary Brokerage

Calgary

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