News Articles

Click-and-collect boosts Calgary retail

“Click and collect” retailers are boosting demand in Calgary’s surprising tight retail sector, which will see nearly 500,000 square feet of new space added this year.

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Rise of the office condo

Calgary's emerging office condo market remains hot this year, according to Barclay Street Real Estate.

Name: dharmsen@barclaystreet.com
Landlords scramble to fill near-empty skyscrapers dotting Calgary skyline

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 of tenants in their downtown Calgary towers.

Name: dharmsen@barclaystreet.com
Business as usual

New retail development in the Calgary region continues at a steady pace despite the depressed economy and sliding consumer spending, according to local officials.

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Calgary retail vacancy one of lowest in North America

The retail vacancy in the core business districts of Calgary can largely be attributed to increased office vacancy rates as well as a general slowdown in our oil-based economy here,” said Nathaniel Sterzik, leasing and sales associate for Barclay Street Real Estate, which just released its mid-year retail market analysis for the city.

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Downtown Calgary retail businesses rapidly closing as layoffs, oil prices take their toll

Storefronts in downtown Calgary are closing at a significantly faster rate than similar retail spaces in the suburbs in yet another sign of oil price collapse’s wide-ranging effects.

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Bold bulls brave Calgary’s wounded real estate market

Total commercial real estate investments in the city plunged $1.1 billion from 2014 to 2015, ac-cording to research by Barclay Street Real Estate, which tallied total dollar volume last year at $1.5 billion.

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Target locations sit empty, a year after closures

An announcement expected soon will likely reveal new tenants have been found for two more vacated Target locations in Calgary

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MEG seeks to sublease unnecessary office space

MEG Energy Corp. needs less than half the office space it is on the hook for in downtown Calgary after it paused its ambitious growth plan last year.

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Calgary commercial real estate vacancies hit 19.5% as layoffs continue

A new report says Calgary’s downtown offices got a bit emptier in the first three months of the year as vacancies rose 2.2 percentage points from last quarter. The Barclay Street Real Estate Ltd. report says vacancies rose to 19.5 per cent as about 938,000 more square feet were on the market. It said by 2018 the vacancy rate could be close to 24 per cent.

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