Calgary Office Market Sees Massive Increase

Backed by continued expansion in the energy sector and lack of available space, rents in Calgary’s downtown office market saw a massive surge in 2012.

According to commercial real estate firm Cushman & Wakefield’s Office Space Across the World 2013 report, rents in the city’s central core rose by nearly a third last year, and trailed only Bogata, Rio de Janeiro and Sao Paulo for rental growth in the Americas.

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