Activity in the suburban market was relatively high through the beginning of Q2, with velocity beginning to ease slightly towards the summer months resulting in a relatively flat quarter.
- The South East submarket continues to show resiliency, posting the fourth consecutive quarter of positive growth in Q2, the longest active growth period across the entire Calgary office market.
- Asking rates have begun to show signs of adjustment to the market as some rates drop in an effort to compete with attractive inner city markets.
- With the trend of migration expected to continue in the near-to-mid term, availability in the suburbs is projected to rise as a result.
