Q3 2020 Calgary Market Report

As Calgary emerges from its third quarter of the year and second dealing with COVID-19, the trend lines on downtown office space are starting to develop. For the second consecutive quarter Calgary experienced negative absorption in the core, totaling 332,650 square feet in Q3. For comparison, the second quarter was negative 380,082 square feet and Q1 was positive 238,636 square feet. Year to date we stand at negative 474,096 square feet.