Calgary downtown office market sees soaring vacant sublet space

CALGARY — A significant change has taken place in Calgary’s downtown office market with a whopping increase of sublet space in the first quarter of this year.

Commercial real estate firm CBRE Limited, in a report, said “sublet space, which businesses have decided to return to the market prior to the end of the agreed upon lease term, is indicative of a need to change course or seek new space for a variety of reasons.”

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