(Source: Calgary Herald)

Calgary’s commercial real estate market is somewhere in the trough of the current economic cycle, but recovery is anticipated over the next 12 to 18 months, says realty Avison Young.

In an overview of the investment activity in the city, the commercial real estate firm said overall transaction volume for the six asset classes (office, retail, industrial, multi-family, industrial land and residential land) was $842 million for the first seven months of this year with 68 sales.

Read the full article by Mario Toneguzzi “Commercial real estate lull expected to end” in the Calgary Herald (September 17, 2009).

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