Sept. 14, 2016 | Mario Toneguzzi
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."