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.
Retail Vacancy Rates Jump Following Sears Canada Closure
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Cryptocurrency could be ‘innovative tool’ for Calgary office vacancy problem, says landlord
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.
Name: dharmsen@barclaystreet.com
Under the radar
Industrial real estate market hopes to maintain momentum in 2018
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Calgary commercial real estate activity on upswing: report
Barclay Street Real Estate says the number of sales were up in 2017 and there were signifcant shifts in investor focus
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Calgary experiences uptick in commercial real estate activity
Transactions in Calgary's commercial real estate sector reached $2.35 billion in 2017, slightly down from the previous year, but the number of investment sales grew by 25 per cent, according to a new report by Barclay Street Real Estate.
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Making a comeback
Calgary’s commercial real estate market could be poised for a rebound in 2018. All eyes will be on Calgary’s commercial real estate market this year, with hopes that the downtown office sector, which continued to struggle in 2017, will rebound in 2018.
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Calgary: big-spending shoppers lead recovery
"Retail activity percolated along the 4th Street corridor and 17th Avenue," noted Barclay Street Real Estate analyst Anthony Scott.
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Good news for Calgary multi-res, but retail future murky
The Calgary 2017 Year-End Retail Market Analysis by Barclay Street Real Estate indicated Calgary’s overall retail vacancy rate was down to 3.1 per cent at the end of the year after rising into the mid-three per cent range earlier in the year.
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Calgary's vacancy rates expected to jump again as ATCO moves its headquarters to the suburb
The move is expected to increase the vacancy rate in the Beltline by 4.5 per cent, bringing the area’s commercial vacancy rate up to 25 per cent – which would be identical to neighbouring downtown Calgary’s current vacancy rate.
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Real estate investments in big-city Alberta are neck and neck but the capital may be taking the lead
For the entire first half of 2017, Calgary saw a 24 per cent in-crease in the total dollar volume of real estate transactions, pushing it to more than $1 billion, re-ports Barclay Street Real Estate. In the same period, Edmonton transactions were also slightly higher than $1 billion, up 52 per cent from the first half of 2016.“The light at the end of the tunnel is getting stronger,” said David Wallach, president of Barclay Street Real Estate.
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