Q3 2022 Calgary Downtown Office Occupier

Vacancy continues its slow decline and lands at 28.87% for Q3, dropping slightly from 29.28% last quarter. Only marginal changes took place in each class with rates falling in Class A and C markets and slight increases in Class AA and B. Class AA vacancy is at 14.63%, Class A vacancy is at 34.77%, Class B at 42.70% and Class C is at 36.49%. Heading into the holiday season, the market remains stable and likely will not see much more change until the new year.