Overall availability – and particularly the vacant component – of Calgary’s suburban office market decreased everso- slightly through the first quarter of 2024 due to approximately 45,000 square feet of positive absorption. We saw tenants making a substantial shift in mindset as the quarter progressed – opting for both good-sized spaces in the 5,000 sf – 10,000 sf range but also in their approach to choosing locations based on Landlord reputation and investment in their properties.
