Q3 2023 Calgary Office Occupier

As we wrap up the third quarter for 2023, overall vacancy has fallen slightly to 29.09% from last quarter resulting in a fall across all classes and giving us net positive absorption for the first time this year. Class AA and A vacancies fell to 15.21% and 36.20% respectively. The Class B and C sectors fell to 39.61% and 38.50%. With year-end quickly approaching, we expect the market to wind down prior to the holidays as is typical for this time of year.