News Articles

Stonegate on arrival

According to a report by Barclay Street Real Estate, the retail vacancy rate was unchanged in the first quarter of this year at 3.4 per cent. That consisted of about 1.39 million square feet available for lease in a total inventory of 40.5 million square feet. The amount of space available for lease was up 32,000 square feet from the previous quarter. The report says Calgary continues to draw significant interest from major retailers and an expected 1.64 million square feet of new space is expected to be completed this year.

Name: ascott@barclaystreet.com
Calgary awakens to a 10-million-square-foot office hangover

Anthony Scott, director of research at Barclay Street Real Estate, noted there are glimmers of recovery but at “the smallest end of available options.” This refers to startup companies leasing downtown offices of 2,000 square feet or less.

Name: ascott@barclaystreet.com
Sky rising

Is there a glimmer of hope in Calgary's struggling downtown office market? "Interesting things happened in the downtown market over the first three months of the year; notably in leasing trends at the smallest end of avail able options," said a report by Barclay Street Real Estate. "A significant decrease in spaces of 2,000 square feet occurred while spaces of greater than 10,000 square feet increased."

Name: ascott@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: 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

Pages