As agreements have been reached on a portion of the Green Line LRT project, uncertainty around the downtown alignment has a trio of real estate and business organizations in Calgary’s core seeking a seat at the table.
As agreements have been reached on a portion of the Green Line LRT project, uncertainty around the downtown alignment has a trio of real estate and business organizations in Calgary’s core seeking a seat at the table.
Investment activity in Calgary’s commercial real estate market was “remarkably” strong through the first half of this year - the third-highest period on record going back to 2013, according to a new report by Barclay Street Real Estate.
Overall, Calgary saw $525 million of investment in multi-residential properties — a stand-in term for rental properties — which amounted to a 93 per cent increase in year-over-year volume invested, according to a report published Tuesday by Calgary-based Barclay Street Real Estate.
David Wallach, president/broker at Barclay Street Real Estate Ltd., said his company’s Q2 office report is very similar to Q1. “Headlease occupancy keeps increasing and the vacancies are going down in the core on the headlease side. There’s a very slight increase of 0.3 per cent in sublease space,” he said. “Overall I think we’ll see continued positive absorption and increase of occupancy in class-A and AA. We see the parking lots are getting full. The restaurants are getting very busy.”
Inn From the Cold received more than 1,500 items for Calgary families in need Tuesday through the efforts of three city businesses.
According to Barclay Street Real Estate data, Calgary’s Downtown Development Incentive Program to convert office space to residential, has 11 projects encompassing 1,415,000 square f
A Calgary commercial real estate firm is hoping to take a new approach towards vacant office space, with a new report that claims office vacancy is significantly lower than other analysis on the issue.In its year-end Downtown Office Market Analysis, Barclay Street Real Estate said the downtown office vacancy rate sits at 20.8 per cent, while 26.1 per cent of office space is available for a lease or sublease.
A Calgary commercial real estate firm is hoping to take a new approach towards vacant office space, with a new report that claims office vacancy is significantly lower than other analysis on the issue.
According to research by Anthony Scott, director of research at commercial real estate firm Barclay Street Real Estate in Calgary, investment activity in the region’s multiresidential market through Q3 2023 was generally consistent with that seen one year prior.
A recent report by Barclay Street Real Estate found retail vacancy in Calgary at 4.2 per cent.