As Calgary’s largest occupier-exclusive real estate firm, we pride ourselves on providing unbiased, unconflicted, commercial real estate services that consistently serve our clients’ best interests.
At Cresa we only represent occupiers, giving them a unique advantage in a market that favours landlords. Our comprehensive suite of services includes long term strategic planning, lease negotiation and project management, ensuring our clients receive best-in-class advice and exceptional value. Our team is driven to do the right thing, and our clients earn the full benefit of that passion.
As anticipated, deal activity for Q4 was somewhat quiet with vacancy dropping to 28.40%, down only 0.47% from last quarter. We saw a handful of transactions finalize in the last quarter of the year and we expect to see the pace of activity to pick up moving into 2023.
Q3 2022 Calgary Downtown Office Occupier
As we approach year end, we have seen a noticeable increase in activity in the downtown core. More and more people are back to work, Plus 15 walkways are busy again, restaurants are filling up over the lunch hour and traffic is backing up as in years past. Optimism is seeping back into day-to-day activity as companies solidify their return to work strategies and the downtown core is becoming, once again, vibrant.
Mid-Year 2022 Calgary Suburban Office Market Report
Suburban office vacancy has dropped to 17.96% for the second quarter of 2022 and rental rates are holding steady or increases are being offset by inducement packages offered by the landlord. With increased construction costs, tenants are looking for move-in ready space to circumvent the expenditures and long lead times.
Q2 2022 Calgary Industrial Occupier
Calgary’s industrial sector, comprised of 156 million square feet, has had remarkable activity since 2021. Moreover, 2022 is on pace for another impressive year of absorption, currently at 5.5 million square feet.
What's the deal with law firms these days?
Several members of our organization who work with legal clients around the country have responded to questions surrounding the current state of this industry.
The Rise of the Spec Suite: Why Many Tenants are Considering Move-In Ready Options for their Next Move
It’s not surprising that we’ve seen tenants increasingly drawn to spec suites for their workplace needs.
Rethinking real estate to fuel future success
The COVID-19 pandemic has transformed the way we work, prompting office occupiers across all industries to reevaluate their real estate strategies.
Liability or asset? Real estate in a post-pandemic world
The past year-and-a-half has been marked with significant business challenges, business disruptions, strains on technology platforms, and shifts in work styles. Despite these challenges, there have been some positive takeaways.
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Calgary, AB606 - 4 Street SW
Calgary, AB T2P 1T1