Calgary downtown office market demand to ‘normalize’

CALGARY— The million-dollar question these days in Calgary’s commercial real estate sector is just where the downtown office market is headed after a few years of exceptional leasing activity.

During a panel discussion Wednesday at the Calgary Real Estate Forum, moderator Randy Fennessey, president of Colliers International in Calgary, said the city’s downtown office market over the last couple of years has been “very dynamic” with more than five million square feet of absorption over close to three years.

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