Q2 2021 Calgary DT Office Market Report

While the world is opening up, combined with increases in commodity prices and companies planning their return to work initiatives, transaction volume has substantially increased (not a surprise given COVID acted as a huge impediment on corporate real estate decisions). For high quality, smaller premises in good buildings, we are starting to see space move quickly and even the potential for multiple offer situations. That said, the increased transaction volume is being countered by large negative absorption, which seems counter intuitive.