The fourth quarter of 2015 saw a continuation of uncertain commercial real estate market sentiment and closed the year with a record amount of vacant office space in Calgary's downtown core.
A report by Barclay Street Real Estate Ltd. says that over 2015 about 3.9 million square feet of office space in the downtown was returned to the market as the vacancy rate soared by 9.82% year-0ver-year from the fourth quarter of 2014 - finishing 2015 at 17.29%.