REALTORS® serving Calgary and area

 

CREB Now Logo

Calgary's trusted source of real estate news, advice and statistics since 1983.

 


Stories Tagged - CBRE

The District at Beltline.
Courtesy of CBRE
News

Jan. 29, 2021 | Barb Livingstone

Refreshed Beltline real estate development could become office hub for Calgary's burgeoning tech sector

While downtown Calgary struggles with an office vacancy rate nearing 30 per cent, a unique "campus" development in the heart of the Beltline is seeing success.

Getty Images
News

Dec. 16, 2020 | Barb Livingstone

With little relief on the horizon, Calgary's downtown office market is expected to struggle well into 2021

Calgary's downtown office vacancy rate is going nowhere but up.

By the end of this year, that rate is projected to jump to 29.5 per cent, and it will climb even higher moving into 2021, says Greg Kwong, regional managing director with commercial real estate company CBRE.

Photo illustration by Haley Steel
News

July 07, 2020 | Gerald Vander Pyl

Fleeting fun: remembering Calgary's Bonzai waterslide park

During the early 1980s, a new craze was sweeping across North America. Outdoor waterslides quickly became the hottest summer attraction in city after city, and Calgary was no exception.

Getty Images
News

Jan. 10, 2020 | Barb Livingstone

The road ahead: Industry experts predict what 2020 might hold for Calgary real estate

Alan Tennant - CREB® CEO


There is nothing to indicate a major shift in the current
trajectory. I see cautious optimism among the development sector – they are not overbuilding in any sector – and that is a healthy sign. It comes down to consumer confidence. We have two elections behind us, which could have been destabilizing but weren't.

Getty Images
News

Dec. 18, 2019 | Barb Livingstone

What they said in 2019: Industry experts share their thoughts on the year that was in Calgary real estate

Alan Tennant - CREB® CEO


The reality of our current market is it's the new normal and there is no reason to sit and wait for it to change. It is not a terrible market, it does have its good aspects.

Cody Stuart / CREB®Now
News

Sept. 04, 2019 | Mario Toneguzzi

Movers and shakers: Trends in the Calgary commercial real estate market

The health of Calgary's commercial real estate market is often defined by what's happening with the city's downtown office space, but it doesn't tell the whole story.

Getty Images
News

Nov. 29, 2017 | Gerald Vander Pyl

Thinking big

Commercial real estate investment represents unique set of challenges and rewards

Investing in commercial real estate could be considered the major league of real estate investment.
The skills required are greater, but so too are the potential rewards.

Greg Kwong, regional managing director for commercial real estate company CBRE in Alberta, says there is really no strict definition of commercial real estate – it can be a major office tower in downtown Calgary, a fourplex apartment building or anything in between.

CBRE managing director Greg Kwong said Calgary's commercial market is likely to see vacancy rates peak in 2017. Photo by Wil Andruschak/for CREB®Now
News

Dec. 23, 2016 | Cody Stuart

Core issues

Downtown office commercial market to see higher vacancy rates in 2017

Despite setting a third-quarter record with a reported $11.2 billion in sales, Calgary's commercial real estate sector will likely see vacancy rates continue to soar this year and next, predicts real estate firm CBRE Ltd.

CBRE Calgary-based managing director Greg Kwong said the downtown market will feel it the hardest, with vacancy rates that are expected to close in on 30 per cent.

Calgary’s suburban office market continues to see negative absorption rates due to high vacancies and new product entering the market.
News

Oct. 27, 2016 | Jamie Zachary

Suburban creativity

Commercial landlords thinking outside of the box in wake of high vacancy rates

Landlords in Calgary's suburban office market continue to display increasing creativity in the face of rising vacancy rates that are not expected to stem any time soon, says a new report.

In a third quarter report issued earlier this month, Barclay Street Real Estate noted the overall vacancy rate in suburban Calgary rose by
1.1 per cent from the second quarter to 22.3 per cent. Research director Anthony Scott attributed the slight increase to the introduction of new inventory that came to market with significant unleased space.

1 2 |Next


Connect With Us

Contact CREB®

300 Manning Road N.E.
Calgary, Alberta
T2E 8K4, Canada

 

CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


© CREB®  |  All rights reserved