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Cresa Calgary
606 Fourth
Suite 1400, 606 - 4 Street SW
Calgary, Alberta T2P 1T1
403-571-8080 tel
Email
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Contacts

Damon Harmon, CPA, CGA
Managing Principal
Email
403.571.8221 tel
Janet Hewitt
Principal, Project Manager
Email
403.571.6019 tel

Calgary



In 1993 a boutique tenant representation firm called Moss Realty Inc. was founded because no other firms were providing exclusive advocacy for tenants. For a decade our founding partners devoted all of their efforts to representing space users through the corporate real estate process. In 2003 Moss Realty Inc. was introduced to Cresa and with their mandates aligned, the Calgary office was born. Since then Cresa Alberta has evolved and along with having some of the most experienced senior principals in the industry we also have one of the largest and most active leasing groups in the city with 19 advisors and 26 employees. Even though the company has grown over the years the fundamentals that led to its early success remain unchanged. Do the right thing, listen, be entrepreneurial, think creatively and provide the highest level of service. Integrity and respect are the pillars of our organization and we promise our clients and prospects that who we are will define us more than what we do … always.

  • Calgary Downtown Office Market

    Q4 2016 Vacancy Summary - All Classes

    Supply
    42,157,287 SF
    Vacancy
    10,260,039 SF
    Absorption
    -577,455 SF
    Avg. Lease Rate
    $39.13 PSF
  • Calgary Beltline Office Market

    Q4 2016 Vacancy Summary

    Supply
    7,055,681 SF
    Vacancy
    1,297,741 SF
    Absorption
    30,936 SF
    Avg. Lease Rate
    $35.02 PSF

Market Insights

Downtown Calgary’s overall vacancy continues its ascent to record heights, reaching 24.34% by the end of 2016. Absorption in the fourth quarter was negative 577,455 square feet, bringing the year’s total to over negative 2.33MM square feet. Since 2015, almost 5MM square feet of office space has been returned to the downtown office market, leading to a doubling in vacancy over this time.

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People

Syeda Ahmad Project Management Coordinator 403.571.8082
Greg Albright Principal 403.571.8223
Donna Lea Banks Senior Vice President 403.571.6018
Nicole Bennett Advisor 403.258.1872
Jessica Downie Business Development Associate 403.537.2393
John Engbloom Principal 403.571.6016
Josh Hamill Principal 403.539.0889
Damon Harmon, CPA, CGA Managing Principal 403.571.8221
Adam Hayes Principal, Broker 403.571.8222
Janet Hewitt Principal, Project Manager 403.571.6019
Dan Houston Vice President 403.539.0893
Gary Jones Principal 403.571.8081
Josh Manerikar Senior Advisor 403.571.8227
Bradyn McCullough Business Development Associate 403.450.8313
David Miles Principal 403.571.8088
Mark Moss Principal 403.571.8084
Doug Pilip Strategic Advisory Board 403.571.8228
Kendra Pinder Principal 403.571.8085
Terri Raison Business Manager 403.539.0888
Tristan Sikora Advisor 403.571.8083
Adam Stewart Advisor 403.590.5704
John Stones Senior Vice President 403.571.8086
Melinda Woo Marketing Manager 403.571.8087

Success Stories

Client Location Sq. Footage
Alberta Securities Commission Calgary, Alberta  70,000 
Carbert Waite LLP Calgary, Alberta  7,500 
Chevron Canada Limited Calgary, Alberta   
MEG Energy Corp. Calgary, Alberta  296,159 
Precision Drilling Houston, Texas  74,125 
Savanna Energy Services Corp. Calgary, Alberta  55,000 
Standard Land Company Inc. Calgary, Alberta  39,000 
Storm Resources Inc. Calgary, Alberta  13,269 
Tartan Engineering Calgary, Alberta  41,000 
The University of Calgary Calgary, Alberta  127,000 
Zargon Oil & Gas Calgary, Alberta  40,000 

Subleases & Sales

Property Available Space Rental Rate
Sublease: 224 - 61 Avenue SE
224 - 61 Avenue SE
Calgary, Alberta T2H 0R2
26,000 sf plus 1.5 acres of yard $30,000 per month (gross)
Sublease: 409 Tenth Avenue SE
409 - 10 Avenue SE
Calgary, Alberta T2G 0W2
Floors 1-2 plus Basement: Up to 21,312 sf Market sublease rates
Sublease: 409 Tenth Avenue SE, 2 Floors
409 - 10 Avenue SE
Calgary, Alberta T2G 0W2
Main Floor: 19,100 sf; 2nd Floor: 17,800 sf Market sublease rates
Sublease: 635 Eighth Avenue Place SW
635 - 8 Avenue SW
Calgary, Alberta T2P 3M3
24th Floor: Up to 8,895 sf; 9th Floor: Up to 12,073 sf; 7th Floor: Up to 12,064 sf Market sublease rates
Sublease: 1235 - 26 Avenue SE
1235 - 26 Avenue SE
Calgary, Alberta T2G 1R7
2nd Floor: 1,071 sf Market sublease rates
Sublease: 3636 - 7 Street SE
3636 - 7 Street SE
Calgary, Alberta T2G 2Y8
10,800 - 15,334 sf plus mezzanine; or entire building (32,385 sf) available Market sub-sublease rates
Sublease: 4140 - 78 Avenue, Edmonton
4140 - 78 Avenue
Edmonton, Alberta T6B 3M8
4,642 sf Market sublease rates
Sublease: 5507 & 5525 - 1 Street SE
5507 & 5525 - 1 Street SE
Calgary, Alberta T2H 1H9
Up to 42,000 sf on 4.29 acres Aggressive sublease rates
Sublease: 6143 - 4 Street SE, Bay 3
Bay 3, 6143 - 4 Street SE
Calgary, Alberta
5,200 sf Aggressive sublease rates
Sale: 7000 Railway Street SE
7000 Railway Street SE
Calgary, Alberta T2H 3A8
15,000 sf plus mezzanine $14.00 per sf
Sale: 8615 - 44 Street SE/8616 - 40 Street SE
8615 - 44 Street SE
Calgary, Alberta T2C 2P5
21,800 sf
Sublease: Bankers Court
850 - 2 Street SW
Calgary, Alberta T2P 0R8
10th Floor: 8,487 sf Market sublease rates
Sublease: Bankers Hall - West
888 - 3 Street SW
Calgary, Alberta T2P 5C5
Flors 17-19: 60,122 sf; Floors 34-38: 100,609 sf Market sublease rates
Sublease: Bow Valley Square III
255 - 5 Avenue SW
Calgary, Alberta T2P 3G6
18th Floor: 11,522 sf Market sublease rates
Sublease: Brownstone Office Condo
221 - 10 Avenue SE
Calgary, Alberta
3rd Floor: Approximately 600 sf Shared Space Gross rent ($2,500.00 per month)
Sublease: Cantex Building
325 Manning Road NE
Calgary, Alberta T2E2P5
Suite 100 - 11,567 sf $19.00 per sf, gross
Sublease: Centennial Building
816 - 7 Avenue SW
Calgary, Alberta T2P 1A1
Suite 410: 1,160 sf Aggressive sublease rates
Sublease: Centennial Place - East, 3rd Floor
520 - 5 Avenue SW
Calgary, Alberta T2P 0R3
3rd Floor: 10,141 sf Op. costs only
Sublease: Centennial Place - East, Floors 31 & 37
520 - 3 Avenue SW
Calgary, Alberta T2P 0R3
31st Floor: 4,435 sf; 37th Floor: 7,795 sf Market sublease rates
Sublease: Chevron Plaza
500 - 5 Avenue SW
Calgary, Alberta T2P 3L5
Floors 4-8, 10: 64,687 sf; Up to 52,415 sf contiguous $5.00 per sf/annum
Sublease: Devon Tower
400 - 3 Avenue SW
Calgary, Alberta T2P 4H2
Floor 3: 7,600 sf; Floors 11-12: 39,038 sf Market sublease rates
Sale: Edinburgh Place
900 - 6 Avenue SW
Calgary, Alberta T2P 3K2
Up to 5,811 sf Price: $1,600,000.00
Sublease: Fifth & Fifth, 5th Floor
605 - 5 Avenue SW
Calgary, Alberta T2P 3H5
5th Floor: 6,444 sf Below market sublease rates
Sublease: Fifth & Fifth, Floors 15-16
605 - 5 Avenue SW
Calgary, Alberta T2P 3H5
Floors 15-16: 30,206 sf Below Operating Costs
Sublease: Fifth & Fifth, 26th Floor
605 - 5 Avenue SW
Calgary, Alberta T2P 3H5
26th Floor: Will consider anything from 1 office/workstation to 15,286 sf (full floor) Gross rental rates considered
Sublease: First Canadian Centre, 11th Floor
350 - 7 Avenue SW
Calgary, Alberta T2P 3N9
11th Floor: Approx. 6,000 sf Market sublease rates
Sublease: First Canadian Centre, Floors 12-14
350 - 7 Avenue SW
Calgary, Alberta T2P 3N9
12th Floor: 9,000 sf; 14th Floor: 8,500 sf Market sublease rates
Sublease: First Canadian Centre, 20th Floor
350 - 7 Avenue SW
Calgary, Alberta T2P 3N9
20th Floor: 16,734 sf Market sublease rates
Sublease: Kensington Professional Centre
1228 Kensington Road NW
Calgary, Alberta T2N 3P7
Suite 201: 2,553 sf
Sublease: Intact Place East/West
311/321 - 6 Avenue SW
Calgary, Alberta T2P 3H2
7th Floor: 27,190 sf Market sublease rates
Sublease: Millennium Tower
440 - 2 Avenue SW
Calgary, Alberta T2P 5E9
4th Floor: 9,500 sf Op. costs only
Sublease: Paramount Building
1011 - 1 Street SW
Calgary, Alberta T2R 1J2
Suite 200: 5,647 sf $0.00 per sf
Sublease: Penn West Plaza - East/West
207 Ninth Avenue SW
215 Ninth Avenue SW
Calgary, Alberta
East Tower - Up To 46,908 sf West Tower - Up To 74,863 sf Market sublease rates
Sublease: Quarry Central
115 Quarry Park Road SE
Calgary, Alberta T2C 5G9
Main Floor: 19,825 sf Market sublease rates
Sublease: Riverbend Atrium One
200 Rivercrest Drive SE
Calgary, Alberta T2C 2X5
Option A: 7,508 sf; Option B: 3,300 (TBV) Market sublease rates
Sublease: Sun Life Plaza I - West
144 - 4 Avenue SW
Calgary, Alberta T2P 3N4
Floors 19-21: Up to 24,984 sf Aggressive sublease rates
Sublease: Sun Life Plaza II - North
140 - 4 Avenue SW
4th Floor
Calgary, Alberta T2P 3N3
4th Floor: Up to 6,116 sf Market sublease rates
Sublease: Sun Life Plaza III - East, 3rd Floor
112 - 4 Street SW
3rd Floor
Calgary, Alberta T2P 0H3
3rd Floor: 6,388 sf Market sublease rates
Sublease: Sun Life Plaza III - East, 9th Floor
112 - 4 Avenue SW
9th Floor
Calgary, Alberta T2P 0H3
9th Floor: 14,887 sf Market sublease rates
Sublease: Sun Life Plaza III - East, 11th Floor
112 - 4 Avenue SW
11th Floor
Calgary, Alberta T2P 0H3
11th Floor: 14,890 sf Market sublease rates
Sublease: Sun Life Plaza III - East, 20th Floor
112 - 4 Avenue SW
20th Floor
Calgary, Alberta T2P 0H3
20th Floor: 15,223 sf Market sublease rates
Sublease: Watermark Tower
530 - 8 Avenue SW
Calgary, Alberta T2P 3S8
20th Floor: 14,314 sf (can be demised) Gross rental rates
Sublease: Westmount Corporate Campus, Bldg #4
4820 Richard Road SW
Calgary, Alberta T3E 6L1
Floors 4-5: 53,590 sf Market sublease rates
Sublease: 1851 - 94 Street, Edmonton
1851 - 94 Street
Edmonton, Alberta T6N 1E6
Main Floor: 8,982 sf Market sublease rates

Publications

A quarterly overview of Calgary's downtown and Beltline office market.