Commercial real estate firm Cresa opens Edmonton office

Cresa is the world’s largest commercial real estate company

Commercial real estate firm Cresa opens Edmonton officeCresa, the world’s largest commercial real estate company that exclusively represents tenants and occupiers of space, has expanded its presence in Canada with a new office in Edmonton. “This is a great move for us. Cresa provides a platform of exclusive tenant representation, integrated services and belief in unwavering advocacy for their clients. By creating…

Calgary downtown office vacancy rate on the rise

Lack of new capital in the oil and gas industry continues to limit growth, says CBRE

Calgary downtown office vacancy rate on the riseLack of new capital in the oil and gas industry continues to limit growth in Calgary’s struggling downtown office market, says commercial real estate firm CBRE. The company’s latest report says the Calgary downtown office market experienced 192,548 square feet of negative net absorption (the change in occupied space) in the third quarter. That follows…

Calgary suburban office space vacancy drops

CBRE report says flight to quality trend driven by access to amenities, transit, parking availability, location and inviting spaces

Calgary suburban office space vacancy dropsCalgary's suburban office market experienced significant positive absorption in the third quarter. The 229,745 square feet absorbed lowered the overall vacancy rate, says a new report by commercial real estate firm CBRE. The vacancy rate decreased to 20.6 from 21.5 per cent. “Flight-to-quality continues to be a dominant theme in the Calgary office leasing market,…

Edmonton commercial real estate investment down significantly

Edmonton commercial real estate investment down significantlyThe level of investment in Edmonton’s commercial real estate industry in the first half of this year is down significantly compared with a year ago. A new report by Altus Group, a leading provider of software, data solutions and independent advisory services to the commercial real estate industry, said close to $419 million in commercial…

Calgary house prices continue to slide

Sales in August were up 6.24 per cent compared to a year ago but total dollar volume of sales dropped by 0.27 per cent

Calgary house prices continue to slideWhile MLS sales activity picked up in August in Calgary, prices for existing homes continued to slide. New monthly statistics released Tuesday by the Calgary Real Estate Board also found that new listings and the overall number of homes for sale also continued to decline during the month. Sales in August of 1,584 were up…

Calgary downtown office vacancy settles in the 24% range

Cresa says the amount of ghost space in the market – space leased but unoccupied – isn't included in the study

Calgary downtown office vacancy settles in the 24% rangeVacancy in Calgary’s downtown office market continues to remain at all-time highs, but it appears that it has hit a plateau at around 24 or 25 per cent, says a new report by commercial real estate firm Cresa. “Barring any major transactions or (mergers and acquisitions) activity, vacancy will likely remain here for the foreseeable…

Calgary real estate market heating up: report

City could be classified as a sellers’ market in July, along with half of the nearby municipalities: Zoocasa

Calgary real estate market heating up: reportAfter several years of quieter real estate demand and activity, it appears Calgary and surrounding regional markets are in store for an uptick, says a report released on Wednesday by real estate technology firm Zoocasa. A hotter pace is already noticeable in the Calgary real estate market, said the report. “According to new analysis by…

Six new purpose-built rental projects launched in Calgary

Six new purpose-built rental projects launched in CalgaryThe second quarter saw continued momentum in Calgary’s newer purpose-built rental market with the launch of six new purpose-built rental projects. That increase the number of new rental apartment units across the markets by 668, according to a report by research firm Urban Analytics. “This increase in inventory dropped occupancy rates by a modest two…

Here’s what Calgary’s new arena might look like

Here’s what Calgary’s new arena might look likeWondering what the Calgary Flames’ new arena may look like? The City of Calgary announced on Monday that it has come to an agreement with the ownership group behind the National Hockey League team to evenly split the cost of a new $550-million hockey arena to replace the aging Scotiabank Saddledome. The East Victoria Park…
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