In the final quarter of what was a tumultuous year for both Calgary's Downtown office market, as well as the greater global economy, leasing activity was relatively strong in October and November 2020, but began to stagnate with the anticipation of new government restrictions in December.
- Most of the market activity this quarter has been in the form of shorter-term deals in the 3,000 - 5,000 SF range.
- M&A activity will continue to shape the Downtown sublease market, with more new blocks of space expected to become available early in the new year.
- Tech shows continues signs of optimism in Calgary with more successful fundraising for locally based tech companies.
