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Stories Tagged - office market

Cody Stuart / CREB®Now
News

April 24, 2019 | Mario Toneguzzi

Signs of stabilization offer glimmer of hope for struggling downtown office market

The vibrancy of Calgary's downtown office market is a good indicator of the health of the city's economy, and since the oil price collapse that started in the latter half of 2014, they've both been struggling.

Getty Images
News

April 25, 2018 | Mario Toneguzzi

Down but not out



Downtown office market begins bounce back

People who have lived and worked in Calgary for a long time know that the downtown office market is a great barometer of what's happening in the city's overall economy.

For the past couple of years, record vacancy rates in the heart of the city have made headline news, not only in Calgary, but nationally.

However, a recent report by commercial real estate firm Avison Young suggests we've hit the bottom and there's nowhere to go but up.


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