With no new supply forecasted for 2013, Calgary's currently continually thriving commercial market might have to look beyond downtown for real estate.

According to a 2013 market outlook by CB Richard Ellis (CBRE), Calgary's sq. ft. absorption for the end of the year is a forecasted 2.13 million sq. ft. with an expectation of decreasing to 0.04 million sq. ft. in 2013 because of the lack of new product.

Combined Class A and B commercial vacancy in Calgary is at a nationwide low of 1.9 per cent said a report from Newmark Knight Frank Devencore.

The report tags Calgary's Class A vacancy rates at one per cent (followed by Vancouver at 1.5 per cent) while the city's Class B vacancy rate is 4.9 per cent, the third lowest in the country behind Ottawa, and Vancouver.

Proposed downtown developments in Calgary will be more than welcome as the city has an office vacancy rate of only 5.4 per cent.

According to Barclay Street Real Estate's Office Market Review, year-to-date office absorption in Calgary as of August was 2.38 million sq. ft. due to the addition of 1.84 million sq. ft. from the recently completed Bow Building.