In the suburban office market for quarter three, Barclay Street Real Estate highlights that overall vacancy rates have come down, decreasing from 12.67% in Q2 to 11.08%. There has been a tightening of all four quadrants within Calgary with the exception of the NW which saw the only increase in vacancy.
The Calgary Beltline market continues to remain balanced despite an increase in overall vacancy rates from Q2 - up to 9.86 percent from 8.34 percent - with total vacancy now measuring approximately 715,252 square feet (sf) across all building classes. As a result of declining oil prices and global GDP growth rates, Barclay Street Real Estate forecasts that there will now be a slight increase in vacancy for the balance of the year, resulting in a mild downward pressure in rental rates.
Backed by decades of real estate experience and leading market research, our Investment Sales team will work with you through the acquisition or sales process ensuring you receive expert representation and have a smooth transaction. With dedicated brokers and negotiators, our team works diligently to match the best properties with the right investors.
"Barclay Street employees are responsive, friendly, and genuine. We appreciate the difference between good service and great service, so we wanted to let you know how happy we are with the Barclay Street team."Sharlene Massie, CEO and Visionary, About Staffing
We have dedicated Leasing teams that specialize in areas of industrial, office and retail to best suit your unique business needs. Our Leasing teams offer tenant and landlord representation and work closely with you to ensure you receive the best outcome that will help you meet your business goals. We offer specialized services in the following areas:
"In any event should another company require the services of a professional involved in commercial real estate - Tourism Calgary would not hesitate to recommend both you and your firm immediately."
Aldon Wells, Vice-President Finance & Corporate Affairs, Tourism Calgary
As an owner and investor, it is vital to manage your real estate assets effectively and efficiently so you can optimize your bottom line. Our Property Management team can work with you to best allocate funds for property operations, increase tenant retention and track property valuation so you can maximize your return on your real estate investments.
"We appreciate Barclay Street's expert approach and I would not hesitate to recommend their exclusive leasing services to prospective landlords and sublandlords alike."
Greg Stevens, Senior Vice President & Trustee, Deloitte