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Calgary Downtown Office Market Report Q1 2019

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research article
  • Calgary’s downtown office market realized positive absorption in the first quarter of 2019, resulting in the vacancy rate decreasing to 25.23 percent.
  • Given the current economic climate downtown, landlords continue to compete over a small pool of prospective tenants by offering aggressive base rents and lucrative inducements.
  • Sublease availability for spaces under 5,000 square feet remains scarce.

Calgary Downtown Office Market Report Q1 2019

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Pour plus d’informations, veuillez contacter:

Dan Lannon

Senior Vice President | Partner

Calgary

Dan Lannon is a Vice President and Partner at Colliers Calgary, a top producer in Canada and an Everest Club Member consistently performing within the top 10% of all Colliers Professionals Worldwide. Dan brings expertise to his clients in all areas of commercial office leasing: lease, sublease, and renewal negotiations; new building development; lease consolidation; and strategic thinking. With 20 years of proven success, Dan has a wealth of experience in commercial leasing and continually exceeds his clients’ real estate needs. Dan’s success can be attributed to his determination and ability to adapt to today’s ever-changing economic environment.

Clients Include:
Husky Energy Inc. – 1,000,000 square feet
Pembina Pipeline Corporation – 500,000 square feet
TAQA – 175,000 square feet
Burnet, Duckworth & Palmer LLP – 120,000 square feet
Bonavista Energy Corporation – 125,000 square feet
Whitecap Resources Inc. – 100,000 square feet
Ensign Energy Services Inc. – 50,000 square feet
Ember Resources – 50,000 square feet
Trinidad Drilling Ltd. – 45,000 square feet
Miller Thomson LLP – 45,000 square feet
Integrated Sustainability Consultants – 30,000 square feet
Packers Plus Energy Services, Inc. – 25,000 square feet
ORLEN Upstream Canada – 20,000 square feet
TransGlobe Energy Corporation – 20,000 square feet

Dan is a respected member of the commercial real estate community and is widely recognized by his peers, the brokerage community, and landlords for his ability to offer creative solutions to manoeuvre and overcome road blocks. Dan acts as mentor for new members of the Colliers team and stresses the importance of fostering an environment where others are continuously learning and growing in their respective careers.

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Todd Sutcliffe

Vice President | Partner

Calgary

After working in the energy sector at Shell and Imperial Oil, Todd moved into commercial office leasing and the fit has worked out very well. His experience in oil & gas helped in understanding business strategy, incorporating corporate requirements into lease negotiations and identifying specific office space-related requirements of oil & gas firms. Todd works with his clients to build a real estate strategy that complements their brand, culture and identity while promoting a positive and productive work environment.

Specializing in tenant representation, Todd has worked with clients ranging in size and assisted in both renewal and relocation exercises. This has also included negotiation of expansion space, rights, terminations, and assignment and subletting.  Todd has had the opportunity to work with numerous oil & gas firms, along with legal, financial, and engineering groups.

 

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