A Barclay Street Real Estate report says vacancy rates are declining downtown and in the Beltline as potential retailers prepare to open marijuana stores. The retail real estate market warmed up in Calgary’s Central Business District (CBD) in the second quarter of the year. And the legalization of cannabis is expected to heat things up even further in the near future. A mid-year retail report by Barclay Street Real Estate says CBD vacancy decreased to 10 per cent in the second quarter from 11 per cent in the first quarter.
Calgary’s retail real estate market continues to grapple with a flood of vacant Sears space throughout the city, says a new report by Barclay Street Real Estate.
Commercial real estate look towards a couple of other “R” words: rebound and recovery
From housing to industrial and mega petroleum investments, capital city is leading Alberta’s recovery
New Horizon Mall sold space for approximately $1,000 per square foot, showing a fresh level of confidence and potential in Calgary
There were eight office transactions equal to or greater than $1 million, totalling more than $73 million during the first three months of 2018
Five consecutive quarters of vacancy decline with a year-over-year drop of 2.33%: Barclay Street Real Estate
“Restaurant closures continue to be a significant source of CBD [Central Business District] retail vacancy,” noted Anthony Scott, director of research at Barclay Street Real Estate.
First-quarter analysis shows a slight bump from late last year. But Barclay Street Real Estate sees cautious optimism in the market
"Without question, industrial will have the most growth in terms of employment and new business opportunities," said Casey Stuart, Calgary-based vice-president of industrial at Barclay Street Real Estate Ltd.