Q4 2019 Calgary Market Report
We started out on a relatively positive note in the office market in 2019 with the first two quarters registering positive absorption totalling 402,815 square feet. We ended the year in the completely opposite manner. The last two quarters totaled negative 873,868 square feet bringing the total absorption for 2019 to negative 471,053 square feet. This has increased overall vacancy to its highest level in over 30 years to 25.96%.
This increase is not a surprise and was not unexpected. Click Download to read more in our report.