Competitive rates, low vacancy may benefit long run
Calgary AB, Canada
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Calgary's emerging office condo market remains hot this year, according to Barclay Street Real Estate.
Near-empty skyscrapers and rising vacancy rates are pressuring landlords to offer big incentives – such as a year of free rent or money for renovations – to keep a shrinking number o
Discounted lease rates available for even Class A office space but - as during the last downturn - they may not last for long in either Edmonton or Calgary.
The depressed state of the Calgary office market evokes memories of the city’s situation seven years ago. What’s still unknown is if it will recover as quickly this time around.
Robust demand has led to tight vacancies and rising costs in the downtown office market with many potential tenants starting to explore space in the outlying Beltline and suburban ar
Demand for office space in the Beltline area strengthened throughout last year as the vacancy rate declined.
Absorption in the Calgary office market was positive for the third consecutive quarter, according to a report by Barclay Street Real Estate Ltd.
With a strong business analysis background and 15 years in commercial real estate, Dan offers a full-service solution for his clients to meet all their real estate needs. With a client-centered approach Dan has become a recognized expert in the commercial real estate industry and has been featured in many media pieces for his knowledge and understanding of the local market.
After graduating in 1993 from the University of Calgary with a Bachelor of Commerce degree in Finance, Dan worked in managerial positions in commercial lending at HSBC Bank of Canada in Calgary, Kingston and Toronto. Dan decided he could offer a greater value in business by switching to commercial real estate market and joined the Barclay Street team in 2001. In 2005 Dan was invited to become a partner at Barclay Street and has since enjoyed an active role in the company.
Dan has leased over 2.5 million square feet and sold over $100 million in real estate sales in over 600 transactions representing both tenant and landlords in many complex transactions. With the unique blend of commercial lending experience and real estate assignments, Dan offers his client’s a unique perspective so he fully understands their business and effectively advocates and negotiates for their best interests.
As an art enthusiast and community activist, Dan has spearheaded many community initiatives through Barclay Street and personally including music, film and festival sponsorships.
Dan is a proud father of two children, Sophie and Edan and has been married to his wife Jennifer since 2000.