The move is expected to increase the vacancy rate in the Beltline by 4.5 per cent, bringing the area’s commercial vacancy rate up to 25 per cent – which would be identical to neighbouring downtown Calgary’s current vacancy rate.
Calgary's vacancy rates expected to jump again as ATCO moves its headquarters to the suburb
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Real estate investments in big-city Alberta are neck and neck but the capital may be taking the lead
For the entire first half of 2017, Calgary saw a 24 per cent in-crease in the total dollar volume of real estate transactions, pushing it to more than $1 billion, re-ports Barclay Street Real Estate. In the same period, Edmonton transactions were also slightly higher than $1 billion, up 52 per cent from the first half of 2016.“The light at the end of the tunnel is getting stronger,” said David Wallach, president of Barclay Street Real Estate.
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Calgary’s TELUS Sky tower faces slow leasing market
The TELUS Sky tower in downtown Calgary is the last skyscraper under construction during the city’s most recent building cycle, but it faces a tough challenge to lease office space in an economy that is recovering slowly.
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Excitement, Energy and Innovation
Calgary has begun to embrace a new way of thinking about its commercial spaces
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Office space loosens in Beltline
With nearly a fifth of its space already dark, Calgary’s Beltline area saw office take-up go negative by 115,000 square feet in the second quarter of this year, according to a report from Barclay Street Real Estate.
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Edmonton CRE investment tops $1B so far in 2017
“I think there’s been a fairly dramatic sense of increased activity in the last nine months or so —increased activity, increased urgency of decision making. I think that maybe has surprised a number of people, including myself,” says Doug Grinde, Edmonton-based vice-president of Barclay Street.
Name: dgrinde@barclaystreet.com
Edmonton CRE investment tops $1B so far in 2017
“I think there’s been a fairly dramatic sense of increased activity in the last nine months or so —increased activity, increased urgency of decision making. I think that maybe has surprised a number of people, including myself,” says Doug Grinde, Edmonton-based vice-president of Barclay Street.
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Calgary Commercial Landlords Confident About Future
A report by Barclay Street Real Estate says Calgary’s retail asset class demonstrated less robustness during the first half of 2016, decreasing to $74 million from $137 million at the mid-point of last year.
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Is Calgary’s commercial real estate recovering just like its housing market?
With more investors entering the market since the third quarter of 2016, the first half of 2017 saw a 24 per cent year-over-year increase in total commercial investment dollar volume, according to Barclay Street Real Estate’s Mid-Year 2017 report published today.
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‘Signs of recovery’ in Calgary CRE market: Barclay Street
“Signs of recovery illuminate Calgary’s commercial real estate investment market. An increase of 24 per cent in total dollar volume pushed Calgary’s real estate acquisitions to more than $1 billion during the first six months of 2017, compared to just over $827 million at the same point in 2016,” says David Wallach, president and broker of Barclay Street Real Estate.
Name: dwallach@barclaystreet.com