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Overall vacancy in Calgary’s suburban office market continued to increase in the fourth quarter of 2018, according to analysis by Barclay Street Real Estate. In a report, the company said the vacancy rate rose by 0.1 per cent from the third quarter to finish the year at 19.2 per cent. “Leasing activity was muted as the year drew to a close and with vacancy remaining steady, rental rates also showed stability ability among higher quality properties. Landlords of B and C Class properties have become increasingly motivated to complete leases with less resistance to maintain their tenant bases. Speaking to the latter, the rent expectation gap between owners and tenants has narrowed significantly but with the very low rents we’ve seen during the past 24 months, little room remains for negotiation downward,” said the report.

A report by commercial real estate firm Barclay Street Real Estate says the office-condo concept has created an opportunity for occupiers to own their office space with the advantages of having fixed and clear costs, full control over the design within the premises, and tax benefits not available to leasing tenants.

According to a mid-year report by Barclay Street Real Estate, total dollar volume in investment sales in Calgary reached $1.257 billion in the first half of this year compared with $1.025 billion for the same period in 2017.

The renewed appeal of commercial real estate investment which took hold in Calgary in mid-2016 has continued through the first six months of 2018, according to a new report by Barclay Street Real Estate.
The company, in its mid-year analysis, reports a 23 per cent year-over-year increase in dollar volume at the end of June, with total sales of assets worth more than $1 million jumping to $1.26 billion.