News Articles

Calgary office vacancy rate high, but panic wanes

While the full recovery of Calgary’s office market may still be a long way off, the sense of panic that once might have been present has dissipated.
“From this office and from my peers and my clients on a going forward basis, it’s a positive mindset driven by the new entrepreneurs that are going to come up in the next one to 10 years,” said Andrew King, associate vice-president of Barclay Street Real Estate, which just issued its first-quarter report on the Calgary office sector.

Name: aking@barclaystreet.com
Calgary office vacancy rate high, but panic wanes

While the full recovery of Calgary’s office market may still be a long way off, the sense of panic that once might have been present has dissipated.
“From this office and from my peers and my clients on a going forward basis, it’s a positive mindset driven by the new entrepreneurs that are going to come up in the next one to 10 years,” said Andrew King, associate vice-president of Barclay Street Real Estate, which just issued its first-quarter report on the Calgary office sector.

Name: ascott@barclaystreet.com
Spanish energy giant joins list of companies subletting downtown Calgary offices

In a report Tuesday, Barclay Street Real Estate said that Calgary's overall downtown office vacancy rate increased by 0.7 of a percentage point to 24.2 per cent in the first three months of the year.

Name: ascott@barclaystreet.com
Edmonton investments leap by $500M in a “pleasant surprise”

Sales of Edmonton commercial real estate soared by more than $500 million in 2016 compared to a year earlier as investors poured $1.81 billion into the Alberta capital.

Name: dwallach@barclaystreet.com
Suburban commercial market faces significant challenges

Suburban office vacancy rose 0.3 per cent during the fourth quarter of 2016 to 22.6 per cent, according to a recent Barclay Street Real Estate report.

Name: ascott@barclaystreet.com
Positive signs for Calgary commercial real estate market

During the second half of 2016, rays of light began breaking through the two-year gloom and had a positive impact on the Calgary commercial real estate market, according to a new report by Barclay Street Real Estate.

Name: dwallach@barclaystreet.com
Pop-up goes the store

Calgary commercial experts say local retailers are becoming increasingly savvy in their fight for market share, challenging the traditional brick-and-mortar concept of doing business in favour of a pop-up model.

Name: amcgregor@barclaystreet.com
Creative approaches to get more head offices into Calgary

Competitive rates, low vacancy may benefit long run

Name: dharmsen@barclaystreet.com
Beltline office market sees decline in vacancy rate

During the fourth quarter of 2016, Beltline vacancy decreased by 1.8%% to end the year at 17.9%, says a new report by Barclay Street Real Estate. The quarter also experienced net positive absorption of 135,000 square feet, bringing full-year absorption to negative 41,000 square feet. Barclay says this is a significant improvement over 2015 when 429,000 square feet was returned to the market.

Name: ascott@barclaystreet.com
Poised for Growth

Calgary's industrial market shows signs of turning the corner

Name: jmook@barclaystreet.com

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