Market Report

Calgary Downtown Office Market Analysis, Year-End 2023 (Barclay Street Real Estate, Calgary)

Overall availability – and particularly the vacant component – of Downtown office space decreased through the fourth quarter of 2023 on approximately 395,000 square feet of positive absorption. Calgary’s Downtown office market is indeed getting healthier as observed by the ongoing, albeit slow, increase in staff returning to their offices on Mondays and Fridays.