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Stories Tagged - office

A sampling of the home workstations where CREB® staff are making the most of their new office environments.

April 09, 2020 | Gerald Vander Pyl

Remote reality: how to make the most of working from home

The COVID-19 pandemic has suddenly made working from home a reality for many Calgarians, with no end in sight.

CREB®Now Archive

Jan. 30, 2018 | Mario Toneguzzi

Making a comeback

Calgary's commercial real estate market could be poised for a rebound in 2018

All eyes will be on Calgary's commercial real estate market this year, with hopes that the downtown office sector, which continued to struggle in 2017, will rebound in 2018.

The office market has grabbed everyone's attention over the past three years, as vacancy rates have soared to historically high levels following the collapse of oil prices and the subsequent waves of layoffs that ravaged employment ranks in downtown Calgary. Thousands of people were cut loose, and a vast amount of office space suddenly became vacant in the downtown core.

A second-quarter market report by Barclay Street notes the suburban office market has seen its vacancy rate jump to 21.2 per cent. Supplied photo

Sept. 14, 2016 | Mario Toneguzzi

Asking vs. achieved

Suburban office vacancies encouraging landlords to be flexible

Calgary's downtown office vacancies might have been getting all the attention so far this year, but commercial real estate experts point out it's not alone as the city's suburban office market continues to experience similar challenges.

"We're in the doldrums right now," said Ian Robertson, associate specializing in the suburban office market for Barclay Street Real Estate. "There's too much space chasing too few tenants. So it's a bit of a malaise.

"We saw this coming. It took a while for landlords or the market to accept what was happening. But now we accept the reality of where we're at."

April 13, 2015 | CREBNow

Morning news rundown

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