Calgary’s Downtown Office Vacancy Rate Set to Balloon
Report says Bow tower completion will open new space
By Mario Toneguzzi June 29, 2011 11:13 AM

Photograph by: Leah Hennel, Calgary Herald

CALGARY — Calgary’s downtown office vacancy rate is forecast to balloon by the end of the year when the Bow tower, and its 1.8 million square feet, is added to the inventory, says a report released Wednesday by Base10 Capital Advisors.

The ABCs of Commercial Real Estate – a Bearish Outlook for Downtown Calgary says vacancy will increase significantly to 16 per cent by December from the current 7.9 per cent once you factor in the Bow tower and its related backfill space of 1.2 million square feet.

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