Five consecutive quarters of vacancy decline with a year-over-year drop of 2.33%: Barclay Street Real Estate
“Restaurant closures continue to be a significant source of CBD [Central Business District] retail vacancy,” noted Anthony Scott, director of research at Barclay Street Real Estate.
First-quarter analysis shows a slight bump from late last year. But Barclay Street Real Estate sees cautious optimism in the market
"Without question, industrial will have the most growth in terms of employment and new business opportunities," said Casey Stuart, Calgary-based vice-president of industrial at Barclay Street Real Estate Ltd.
Delivery of more than 1.7 million square feet of new retail inventory is anticipated this year: Barclay Street Real Estate
The renters are now free to utilize virtual currencies to pay for a commercial lease in a northwest Calgary office building. The renters will now accept Bitcoin, Ethereum, and Litecoin as rent payments.
“I think what it will do is showcase that Calgary is a burgeoning and growing tech hub and it’s open for business,” said Barclay Street vice president Dan Harmsen.
Vacant Sears Canada space in Calgary pushed the city’s retail vacancy rate at the end of 2017 to more than twice the 10-year average.
Commercial real estate company Barclay Street is working with the owners of Real Equity Centre, an office building at 1716 16th Ave. N.W. in Calgary. Tenants interested in renting one of the office suites in the Real Equity Centre building will have the option of paying their rent in bitcoin (BTC), ether (ETH) or litecoin (LTC), instead of the Canadian dollar.
Industrial real estate market hopes to maintain momentum in 2018