Calgary downtown office market tight for space

CALGARY — With no new space to be delivered until 2014, the downtown office market will continue to be very tight with low vacancy rates for the foreseeable future, says a fourth quarter 2012 report by Colliers International in Calgary.

“While growth may be somewhat muted, we do expect leasing activity to pick up as pent-up demand flows through the market and several large users secure their 2016 and beyond space in new office developments. Additional sublease space is expected to come to market though likely in smaller blocks of space,” it said.

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