Thursday, December 3, 2015

Calgary office vacancy rates to peak at 17.7% next year: CBRE


Calgary office vacancy rates to peak at 17.7% next year: CBRE







U.S.-based CBRE says Calgary's office space vacancy rate will peak next year, and new construction spending will then begin to rebound as more clarity about oil supply allows investors to act with more certainty.

Jennifer Lee/CBC

Office vacancy rates in Calgary will peak at almost 18 per cent by the third quarter of 2016, according to an annual forecast from a U.S.-based real estate investment firm.
The overall vacancy rate for office space in Calgary is 17.5 per cent this year, compared to 13.1 per cent in 2014. Next year, CBRE predicts it will reach 17.7 per cent.



http://www.cbc.ca/news/canada/calgary/calgary-real-estate-forecast-cbre-1.3333383
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