Calgary Office Vacancy: Why It Won’t Fix Itself
Calgary’s downtown office vacancy has been falling. But a large part of the improvement is not coming from tenants returning. It is coming from removing office buildings from the market. Through the city’s Downtown Office Conversion Program, 21 incentivised projects are converting about 2.68 million square feet of office space into roughly 2,667 homes, according..
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Calgary Office Conversion: Why 13 of 21 Funded Projects Are Not Yet Delivered
Calgary’s downtown has been one of Canada’s most closely watched office markets for a decade. With a large share of its downtown office space vacant after the oil price collapse of 2014, the city launched the Downtown Office Conversion Program to turn obsolete office buildings into homes, hotels and other uses. Five years into a..
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