Stories Tagged - CBRE
Jan. 29, 2021 | Barb Livingstone
Refreshed Beltline real estate development could become office hub for Calgary's burgeoning tech sector
Dec. 16, 2020 | Barb Livingstone
With little relief on the horizon, Calgary's downtown office market is expected to struggle well into 2021
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.
July 07, 2020 | Gerald Vander Pyl
Jan. 10, 2020 | Barb Livingstone
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.
Dec. 18, 2019 | Barb Livingstone
Sept. 04, 2019 | Mario Toneguzzi
Dec. 05, 2018 | Barb Livingstone
Nov. 29, 2017 | Gerald Vander Pyl
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.
Dec. 23, 2016 | Cody Stuart
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.
Oct. 27, 2016 | Jamie Zachary
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.