According to research by Anthony Scott, director of research at commercial real estate firm Barclay Street Real Estate in Calgary, investment activity in the region’s multiresidential market through Q3 2023 was generally consistent with that seen one year prior.
A recent report by Barclay Street Real Estate found retail vacancy in Calgary at 4.2 per cent. “Calgary’s overall retail vacancy rate continued to demonstrate remarkable consistency through the third quarter of 2023, remaining settled in the high-three to low-four per cent range seen over the previous few years,” the report states.
In the multi-family residential market, condominiums have given way to rental units as more young people and those downsizing look for the benefits of living in new, modern spaces rather than spend
When the late Jack Carter moved to Calgary from Saskatchewan, he opened a Chevrolet Oldsmobile dealership on the corner of Macleod Trail and Glenmore Trail in a brand-new, well-designed building th
Sales activity of 241 increased by 10 per cent in the second quarter over the second quarter of 2019 and total dollar volume broke $1 billion.
In the span of two months this winter, Calgary’s 17th Avenue S.W. lost 29 businesses.
The vacancy rate in Calgary’s industrial real estate market stayed relatively flat at the end of 2018, climbing by just four basis points to 5.48 per cent, says Barclay Street Real Estate.
Calgary’s commercial real estate market saw substantial investor activity in 2018, with sales greater than or equal to $1 million rising from the year before, according to Barclay Street Real Estate.
Overall vacancy in Calgary’s suburban office market continued to increase in the fourth quarter of 2018, according to analysis by Barclay Street Real Estate. In a report, the company said the vacancy rate rose by 0.1 per cent from the third quarter to finish the year at 19.2 per cent. “Leasing activity was muted as the year drew to a close and with vacancy remaining steady, rental rates also showed stability ability among higher quality properties. Landlords of B and C Class properties have become increasingly motivated to complete leases with less resistance to maintain their tenant bases. Speaking to the latter, the rent expectation gap between owners and tenants has narrowed significantly but with the very low rents we’ve seen during the past 24 months, little room remains for negotiation downward,” said the report.
After spiking to an all-time retail vacancy rate of 5.1 per cent in the first quarter of 2018, overall vacancy in Calgary settled into the mid-four per cent range through the end of the year, according to a report by Barclay Street Real Estate.