Calgary office market report

Q4 2024

Downtown remains stable; beltline declines


Compared to Q3, this quarter saw -443,739 square feet (sf) of absorption. Net positive of 67,000 sf for 2024 and vacancy at its lowest point since pre-pandemic. The market has recovered and demand for high-quality space continues to rise.

24.6%

Downtown vacancy rate

up 0.1% from Q3 2024

17.6%

Beltline vacancy rate

down 2.0% from Q3 2024

17.6%

Suburban vacancy rate

up 0.7% from Q3 2024

21.7%

Overall vacancy rate

down 1.5% from Q3 2024

Your source for the latest Calgary office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater British Columbia area. Avison Young advisors look at Calgary commercial real estate activities and the latest Calgary statistics to provide you expert market research on Calgary's office properties.

Explore different topics like the latest office market pricing trends and analysis of Calgary's current office real estate market conditions. Gain a better understanding of Calgary’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Calgary's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Calgary.

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