The second half of 2021 began to show moderate growth in market activity, particularly towards the end of summer as more organizations planned to return to the office in the fall.
- The move by the Calgary-based fintech firm, Neo Financial to The Edison is another example of tech growth in the downtown core. With $35 million in provincial funding, the Alberta government is assisting four tech accelerators to help start-ups grow.
- Optimism in the energy sector is rising, with WTI prices climbing above $70 USD/barrel and natural gas reaching a 6-year high with year-over-year growth approaching 100%.
- Transactions that have been put on hold as a result of the renewed uncertainty tend to be organizations in the market for smaller pockets of space, while those requiring larger footprints are taking a longer-term outlook on their office space requirements and capitalizing on the current market conditions.