Q1 2022 Calgary Downtown Office Occupier
Optimism is recuperating as we dive into 2022 and transaction activity has gained some footing resulting in positive absorption this quarter, 325,821 square feet. This is the highest positive absorption we have seen since before the pandemic and has exceeded expectations on market activity. Overall vacancy has dropped from the end of last year to 29.72% mostly due to deals being completed in the Class AA and A markets.
