Experts see vacancy rate heading to 20%

(Source: Calgary Herald)

Calgary’s suburban office market is providing a contrast to its downtown counterpart, which is seeing the vacancy rate continuing to rise and headed for the range of 20 per cent in the next couple of years.

But Chris Law, vice-president and partner with Colliers International in Calgary, said the overall suburban vacancy rate in the third quarter of this year “has essentially peaked.”

Read Mario Toneguzzi’s full article “Calgary’s suburban office space headed for a squeeze” in the Calgary Herald (November 14, 2009).

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