Entertainment / Media
Life in the spotlight requires a partner who knows how things work behind the scenes. From studios to production to stages to office space, our specialists have the talent and experience to find innovative solutions.
In the final quarter of 2022, the Edmonton office market continued to experience vacancy pressure as total vacancy increased slightly to 19.66 percent, which is an increase of half a percent from the previous quarter. Net absorption for Q4 calculated at approximately negative 160,000 square feet for the greater Edmonton area.
While many companies are temporarily pumping the brakes on expansion due to COVID-19, Amazon is aggressively eyeing more space throughout the country, including in North Texas.
Q2 in review: Office experts break down the state of subleases, rents and stagnant sales in North Texas
Following a slow first quarter that saw more than 150,000 square feet of negative office absorption in North Texas, things continued to slide during the second quarter.
In light of the significant impact that the COVID-19 pandemic has had on so many across the world, Cresa Cares has donated $100,000 to relief efforts. We feel fortunate to be able to assist the following organizations in continuing the amazing work they are doing.
In a world that feels more divided than ever, an increased sense of empathy could help bridge those deep chasms of differences between us.