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As global companies realize the importance of having a unified approach to their real estate demands, the need to understand local market practices and business traditions is greater than ever.
Kendra Pinder of Cresa talks about the impact of the downturn on Calgary's office vacancy rate and what it will take to rebound.
The sight of empty desks can send shivers down the backs of corporate real estate professionals. Some research suggests that nearly 50% of office space is vacant at any one time, and employees are mobile 50 to 60% of the time. Whether employees are visiting a client, working remotely or holed up in a meeting room, their empty desks often represent wasted space and expense.