Calgary office vacancy rate declining as business community returning to city's core

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After years of decline, demand for Calgary's downtown commercial real estate is showing signs of returning to life.

A new report released by Avison Young says the downtown office vacancy rate now sits at 27.2 per cent, down 2.5 per cent since the last quarter of 2021.

In trying to have modernize workplaces, Class AA building vacancy rate is now at 14.8 per cent, down 2.9 per cent since the last quarter of 2021. "Normally, Tuesdays and Wednesdays were our busiest days. And we're starting to see now that it's, we're getting back to that Thursday, Friday, Saturday, type increase."

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Thank you Jyoti Gondek!

Well they thought oil & gas prices were increasing!

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