- The final quarter of 2022 continued to demonstrate strong leasing activity in Calgary’s downtown office market which resulted in another quarter of significant positive absorption.
- Although companies work from home policies remain dynamic, the return to pre-pandemic practices has created greater certainty for employers, resulting in more stable work policies. While Canada’s other major cities are reporting lower occupancy levels, Calgary continues to be a leader in this area.
- While high demand and limited supply are increasing rental rates in the AA and A Class buildings, increased construction and operating costs are also raising rental rates in B and C Class buildings despite vacancy increasing in those classes.
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Head of Research | Canada
Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy.