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Calgary Office Developments July 2006 - 3,343KB

Calgary's strong economy has fueled real estate growth for the region. Whether it is a new business making the move to Calgary or a local business expanding, the Calgary region has seen a large amount of development in this sector.

Did you Know?

Calgary has 32.7 million square feet of downtown office space. The average age of Calgary's office buildings is the youngest of any major Canadian city and therefore the most efficient, technically and environmentally.
The City and CED have established cutting edge tools to facilitate projects and their approvals through the City. Calgary also enjoys a unique advantage with the Uni-City concept. Unlike most jurisdictions with competing regions and towns in the metropolitan area, The City of Calgary (15 miles by 23 miles) is under a single governing authority with common land use and building permitting regulations and procedures. This is a major advantage as businesses can easily compare location options in Calgary.
There is an online tool that will help simplify the processes for permit applications, business licences and other compliance regulations. Check it out at BizPaL

Calgary MLS Residential House Sales

The resale housing market posted solid numbers in the first quarter of 2007. Total residential units sold in the first three months of 2007 reached a total of 9,918 units, up from 8,965 units sold the same time last year.

Office Real Estate Markets

With the extremely tight supply and strong demand seen in the downtown commercial real estate market over the last few quarters, the 1,282,000 SF of new supply made available in the first quarter of 2007 had a noticeable impact on that market.

Industrial Real Estate Markets

New construction continues in the industrial real estate sector, with 1.3 million SF completed in the first quarter of 2007. This helped push both vacancy and availability rates towards more sustainable levels than that experienced in recent quarters, and allowed an eighth consecutive quarter of positive net absorption at 917,000 SF.

SPACE 4 LEASE

Space4lease is a research and marketing network developed to service the commercial office market in Canada.
Search their website: www.space4lease.ca