Absorb Software a success story for Calgary’s high-tech industry
Absorb Software a success story for Calgary’s high-tech industry
In the span of two months this winter, Calgary’s 17th Avenue S.W. lost 29 businesses.
Several new warehouse construction projects completed in the fourth quarter and more is on the way
Calgary’s commercial real estate market saw substantial investor activity in 2018, with sales greater than or equal to $1 million rising from the year before, according to Barclay Street Real Estate.
Overall vacancy in Calgary’s suburban office market continued to increase in the fourth quarter of 2018, according to analysis by Barclay Street Real Estate. In a report, the company said the vacancy rate rose by 0.1 per cent from the third quarter to finish the year at 19.2 per cent. “Leasing activity was muted as the year drew to a close and with vacancy remaining steady, rental rates also showed stability ability among higher quality properties. Landlords of B and C Class properties have become increasingly motivated to complete leases with less resistance to maintain their tenant bases. Speaking to the latter, the rent expectation gap between owners and tenants has narrowed significantly but with the very low rents we’ve seen during the past 24 months, little room remains for negotiation downward,” said the report.
After spiking to an all-time retail vacancy rate of 5.1 per cent in the first quarter of 2018, overall vacancy in Calgary settled into the mid-four per cent range through the end of the year, according to a report by Barclay Street Real Estate.
Total volume invested to the end of September reached $2.1 billion, up $619 million from the same period last year
According to a mid-year report by Barclay Street Real Estate, total dollar volume in investment sales in Calgary reached $1.257 billion in the first half of this year compared with $1.025 billion for the same period in 2017.
Calgary is on a fragile mend, Winnipeg stays stable but Saskatoon sees per-door apartment building prices slip as vacancies hit double digits and rental rates tumble