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Calgary Suburban Office Market Report Q1 2021

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research article

With Q1 2021 marking one year since the pandemic began, the Suburban office market continues to endure the effects of the resulting economic turmoil. Calgary’s Suburbs experienced another significant contraction in Q1 with just under 200,000 square feet of office space returning to market.

  • Leasing activity was relatively slow through the first half of Q1, with momentum picking up towards the end.
  • The majority of transactions completed this quarter were the result of organizations downsizing as an increase in market activity did not foster overall growth.
  • Just as the contraction from major oil and gas companies is shaping Calgary’s Downtown office market, so too is happening in the Suburban market’s engineering sector.

Calgary Suburban Office Market Report Q1 2021

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Pour plus d’informations, veuillez contacter:

Matt Rachiele

Managing Director | Calgary Brokerage

Calgary

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Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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