A Barclay Street Real Estate report says vacancy rates are declining downtown and in the Beltline as potential retailers prepare to open marijuana stores. The retail real estate market warmed up in Calgary’s Central Business District (CBD) in the second quarter of the year. And the legalization of cannabis is expected to heat things up even further in the near future. A mid-year retail report by Barclay Street Real Estate says CBD vacancy decreased to 10 per cent in the second quarter from 11 per cent in the first quarter.
Calgary’s retail real estate market continues to grapple with a flood of vacant Sears space throughout the city, says a new report by Barclay Street Real Estate.
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