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MORE OFFICE SPACE COMING TO MARKET


Blog by Brad Herman | April 4th, 2013


Once regarded as the tightest commercial market in the country, things in downtown Calgary are beginning to change for prospective tenants.

According to a report from CBRE Limited, the first quarter of 2013 saw absorption in Calgary drop substantially, with 260,281 sq. ft. of sublet space returning to the office market. As a result, sublet space now accounts for 43.3 per cent of downtown vacant space, up from 8.7 per cent at this time last year.

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