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Calgary Downtown Office Market Report Q3 2021

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research article

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.

Calgary Downtown Office Market Report Q3 2021

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Pour plus d’informations, veuillez contacter:

Aly Lalani

Executive Vice President I Partner

Calgary

Aly has specialized in Calgary's downtown leasing market with Colliers for the past 16 years. Aly has developed strong relationships with both tenants and landlords and has been involved in lease transactions totalling in excess of 4,000,000 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.

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 Telus, Statoil Canada Ltd., Black Diamond Group Limited, Altalink LP, Dale Carnegie, Ernst & Young, HSBC, Canon Canada, Blackstone Real Estate, Slate Properties, KingSett Capital, CREIT, 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

Executive Vice President | Partner | Industrial Sales & Leasing

Calgary - Southeast Industrial Office

Paul focuses his day-to-day efforts primarily on working with tenants and purchasers in the mid-to-large user category throughout Western Canada. Paul has established a list of clients who benefit from his strategic negotiating skills, which combine leveraging his knowledge of current market dynamics with creative 'out-of-the-box' thinking. Paul's work ethic has made him one of the leading industrial agents in the Calgary market and he was made a partner of Colliers in 2012. He continues to expand his client base, and looks forward to building on existing relationships.

 

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