Is there a glimmer of hope in Calgary's struggling downtown office market? "Interesting things happened in the downtown market over the first three months of the year; notably in leasing trends at the smallest end of avail able options," said a report by Barclay Street Real Estate. "A significant decrease in spaces of 2,000 square feet occurred while spaces of greater than 10,000 square feet increased."
Sky rising
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Calgary office vacancy rate high, but panic wanes
While the full recovery of Calgary’s office market may still be a long way off, the sense of panic that once might have been present has dissipated.
“From this office and from my peers and my clients on a going forward basis, it’s a positive mindset driven by the new entrepreneurs that are going to come up in the next one to 10 years,” said Andrew King, associate vice-president of Barclay Street Real Estate, which just issued its first-quarter report on the Calgary office sector.
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Spanish energy giant joins list of companies subletting downtown Calgary offices
In a report Tuesday, Barclay Street Real Estate said that Calgary's overall downtown office vacancy rate increased by 0.7 of a percentage point to 24.2 per cent in the first three months of the year.
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Edmonton investments leap by $500M in a “pleasant surprise”
Sales of Edmonton commercial real estate soared by more than $500 million in 2016 compared to a year earlier as investors poured $1.81 billion into the Alberta capital.
Name: dwallach@barclaystreet.com
Suburban commercial market faces significant challenges
Suburban office vacancy rose 0.3 per cent during the fourth quarter of 2016 to 22.6 per cent, according to a recent Barclay Street Real Estate report.
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Positive signs for Calgary commercial real estate market
During the second half of 2016, rays of light began breaking through the two-year gloom and had a positive impact on the Calgary commercial real estate market, according to a new report by Barclay Street Real Estate.
Name: dwallach@barclaystreet.com
Pop-up goes the store
Calgary commercial experts say local retailers are becoming increasingly savvy in their fight for market share, challenging the traditional brick-and-mortar concept of doing business in favour of a pop-up model.
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Creative approaches to get more head offices into Calgary
Competitive rates, low vacancy may benefit long run
Name: dharmsen@barclaystreet.com
Beltline office market sees decline in vacancy rate
During the fourth quarter of 2016, Beltline vacancy decreased by 1.8%% to end the year at 17.9%, says a new report by Barclay Street Real Estate. The quarter also experienced net positive absorption of 135,000 square feet, bringing full-year absorption to negative 41,000 square feet. Barclay says this is a significant improvement over 2015 when 429,000 square feet was returned to the market.
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Poised for Growth
Calgary's industrial market shows signs of turning the corner
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