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Downtown Calgary vacancy is at a record high…and moving up
Wednesday, 17 August 2016
Calgary downtown office vacancy is now close to 23% and has surpassed the high of 22% set in the recession of the 1980’s.

Calgary downtown office vacancy is now close to 23% and has surpassed the high of 22% set in the recession of the 1980’s. Even if the price of oil increased dramatically, it would likely take years for the market to absorb all of the space currently on the market and to add to the glut of office space, Calgary has three towers scheduled to complete in the next year and a half which will add an additional 2.4 million square feet to the downtown inventory.

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