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Calgary Downtown Office Market Report Q4 2021

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research article

Office activity in Q4 2021 reported the first quarter of overall growth since Q2 2019. Much of the momentum gained towards the end of the year is expected to continue in 2022 despite the postponements of many full-scale return to office plans delayed by the rise in variant COVID-19 cases.

  • The municipal government is helping drive the renewed optimism downtown, as they continue to spearhead Calgary’s Greater Downtown Plan.
  • Supply chain issues continue to affect all sectors of the economy, and Calgary’s downtown commercial real estate industry is no exception.
  • Attractiveness of move-in-ready suites and show suites has grown substantially, particularly for tenants with upcoming expiries that do not have sufficient time to renovate or complete a buildout.

Calgary Downtown Office Market Report Q4 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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Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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