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Oilpatch woes boost Calgary's downtown office vacancy rates to record levels

Oilpatch woes boost Calgary s downtown office vacancy rates to record levels
by Dan Healing, The Canadian Press
Posted Jan 17, 2021 10:05 am EDT
Last Updated Jan 17, 2021 at 10:14 am EDT
A pedestrian wearing a mask walks through an empty downtown Calgary, Alta., Wednesday, Dec. 9, 2020, after new provincial restrictions were announced amid a worldwide COVID-19 pandemic. THE CANADIAN PRESS/Jeff McIntosh
CALGARY Vacancies in Calgary’s downtown office towers have risen to record levels and there’s no landlord relief in sight with almost one in three offices sitting empty and sublets accounting for a quarter of available spaces on the market.
The city’s glut of empty office space has previously been linked to overbuilding but two commercial real estate reports released this past week show that downtown vacancy rates in Canada’s oil and gas capital are the highest in the country and growing despite no major new towers opening in the past two years. ....

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Calgary's downtown office vacancy rates rise to record levels with no landlord relief in sight

The Globe and Mail
Dan Healing
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Jeff McIntosh/The Canadian Press
Vacancies in Calgary’s downtown office towers have risen to record levels and there’s no landlord relief in sight with almost one in three offices sitting empty and sublets accounting for a quarter of available spaces on the market.
The city’s glut of empty office space has previously been linked to overbuilding but two commercial real estate reports released this past week show that downtown vacancy rates in Canada’s oil and gas capital are the highest in the country and growing – despite no major new towers opening in the past two years. ....

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Oilpatch woes boost Calgary's office vacancy rates to record levels - Business News

Oilpatch woes boost Calgary's office vacancy rates to record levels - Business News
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Oilpatch woes boost Calgary's downtown office vacancy rates to record levels - Medicine Hat NewsMedicine Hat News

Oilpatch woes boost Calgary's downtown office vacancy rates to record levels - Medicine Hat NewsMedicine Hat News
medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.

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Oilpatch woes boost Calgary office vacancy rate

CALGARY - Vacancies in Calgary s downtown office towers have risen to record levels and there s no l. ....

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