CALGARY — Calgary’s office market in the central business district recorded one of the highest year-over-year rent increases in the Americas in 2012, according to commercial real estate firm Cushman & Wakefield.
The Office Space Across the World 2013 report, released Tuesday, said rents in the city rose by 29 per cent — the fifth highest in the Americas.
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LETHBRIDGE- It’s the only one in the province and it’s right here in southern Alberta.
The Property Rights Advocate Office is a service for Albertans wanting information or recommendation on property rights.
“It’s not right for Albertans to always have to go and hire a lawyer to sort things out,” says Premier Alison Redford. “We want to make government accessible, we want to make sure that there is support people that have the information and that their rights are protected.”
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Last week, the Katz Group reviewed its downtown development vision around the new, still-stalled, downtown arena proposal for city council.
To recap: Two office towers, two condo towers, a new hotel and up so six “low-rise” residential and commercial development surrounding the arena in a well-planned urban precinct.
But the same darned question ran through everybody’s mind, at least anybody with any long-term connection to Edmonton’s downtown.
Sounds great, but what about demand?
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A still-challenging economy from mid-2011 to mid-2012 doesn’t appear to have hurt the corporate real estate market in most of Canada’s major cities, says a new report.
Office vacancy rates in that period fell significantly in Montreal, Toronto, Calgary, Edmonton, Winnipeg and Vancouver, according to Newmark Knight Frank Devencore’s national office market report for 2012.
Read more: http://tinyurl.com/a9c5mnc
(Reuters) – Canadian Pacific Railway is planning to relocate much of its head office from downtown Calgary, union officials and a source close to the company said, under a restructuring plan that its new chief executive will detail to investors in early December.
Chief Executive Hunter Harrison told U.S. union leaders and a Canadian union president that Canada’s second-biggest railroad will move employees out of its glass-towered headquarters as part of an ambitious cost-cutting plan.
Read more: http://tinyurl.com/d39zous
LETHBRIDGE— In a city surrounded by Wildrose MLAs, Premier Alison Redford tried Thursday to make the case for southern Albertans to come back into the Tory fold.
Speaking at the Alberta Progressive Conservative leader’s dinner, the premier recalled a conversation with former premier Peter Lougheed, who in 1971 headed a government largely locked out of southern Alberta— a situation Redford finds herself in now.
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EDMONTON-Edmonton’s office market saw “modest” leasing activity in the third quarter, according to Avison Young’s latest vacancy report.
The commercial real estate firm said the overall Edmonton market had a stable vacancy rate of 8.7 per cent in the quarter.
Read more: http://tinyurl.com/bn35kf8
CALGARY— The volume of leasing transactions in Calgary’s downtown office market has declined over the summer months and a report by Colliers International suggests this trend will continue through to the end of this year and into 2013.
Read more: http://tinyurl.com/9hpd669
CALGARY — Sotheby’s International Realty Canada officially opens its new Calgary office Thursday in the Mount Royal Village Shopping Centre.
In June of last year, Sotheby’s announced it was entering the Calgary real estate market as it had eyed the city for a long time because of the growing demand for high-end homes here.
Read more: http://tinyurl.com/9d38cy7