REALTORS® serving Calgary and area


Stories Tagged - Commercial

Cody Stuart / CREB®Now

May 06, 2021 | Cody Stuart

Calgary's new downtown plan seeks to benefit current residents, and attract new ones

You can always go downtown. At least that's what the song says.

Much has been written about the current woes of Calgary's Downtown Commercial Core. Office vacancies are approaching 30 per cent and many businesses and commuters are conspicuous in their absence from the area.

However, there are a significant number of Calgarians who have no intention of going anywhere, even after the workaday crowd goes home.

Cube, Strategic Group's office-to-residential conversion project in the Beltline, is one example of adaptive reuse in action.
Courtesy of Strategic Group

Feb. 22, 2021 | Natalie Noble

What's old is new again: adaptive reuse one solution to Calgary's downtown office vacancies

Ongoing economic challenges, shrinking population growth and a pandemic that won't go away add up to a downtown Calgary office market facing critical vacancy rates.

One solution is adaptive reuse: the conversion of vacant office space into residential projects. The University of Calgary's School of Public Policy recently published a research paper exploring the challenges and opportunities surrounding adaptive reuse and how it could make a major difference in the city's downtown core.
The District at Beltline.
Courtesy of CBRE

Jan. 29, 2021 | Barb Livingstone

Refreshed Beltline real estate development could become office hub for Calgary's burgeoning tech sector

While downtown Calgary struggles with an office vacancy rate nearing 30 per cent, a unique "campus" development in the heart of the Beltline is seeing success.

Getty Images

Dec. 16, 2020 | Barb Livingstone

With little relief on the horizon, Calgary's downtown office market is expected to struggle well into 2021

Calgary's downtown office vacancy rate is going nowhere but up.

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.

Getty Images

Dec. 15, 2020 | Mario Toneguzzi

A Calgary real estate Christmas list

Dear Santa,


My oh my, it certainly has been an interesting and challenging year, with the COVID-19 pandemic impacting almost every part of our lives.

Calgary's business improvement areas (BIAs) are working collaboratively to help the city's small businesses survive the COVID-19 downturn.
Cody Stuart / CREB®Now Archive

Oct. 26, 2020 | Geoff Geddes

Pandemic partners: Calgary BIAs are helping local businesses weather COVID-19

At a time when it's common to be shut in, Calgary's business improvement areas (BIAs) are reaching out to help entrepreneurs through the challenges of COVID-19.

Courtesy Calgary Downtown Association

Feb. 07, 2020 | Natalie Noble

Road revitalization: Preparing Stephen Avenue for the future of downtown Calgary

Don't be surprised if you notice more action down on Stephen Avenue in the months to come. It's all part of the City of Calgary's innovative plans to reimagine and energize the area.

Much more than a facelift, the revitalization takes a three-pronged approach. Co-spearheaded by the Downtown Calgary Association, each phase will prepare the popular thoroughfare for the future of downtown, encouraging more people to visit, stay longer and increase business.

Getty Images

Jan. 10, 2020 | Barb Livingstone

The road ahead: Industry experts predict what 2020 might hold for Calgary real estate

Alan Tennant - CREB® CEO


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.

Courtesy West Campus Development Trust

Jan. 10, 2020 | Mario Toneguzzi

Turning the corner: Calgary real estate industry offers reasons for optimism in 2020

This past year has been a challenging one for Calgary's economy and real estate market, but amid all that doom and gloom, some positivity might be warranted.

Courtesy Just BioFiber Structural Solutions

Dec. 11, 2019 | Jim Zang

Hemp is on the way: Airdrie company's innovative homebuilding material offers benefits for the environment and industry

An Airdrie-based company is building homes out of compressed hemp chip blocks, a sustainable building material that holds huge potential for reducing carbon footprint and emissions.

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