Calgary’s Bow tower a shining light in national office market scene

CALGARY — Nearly 80 per cent of all the Canadian downtown office space absorption in 2012 was recorded in the first quarter when The Bow tower, and its 1.9 million square feet, was delivered to the Calgary market, according to a report released Monday by CBRE Limited.

The report said overall downtown office absorption fell from 5.7 million square feet in 2011 to 2.4 million square feet in 2012, while suburban office absorption only fell 312,000 square feet to 1.9 million square feet in 2012.

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