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.
Downtown vacancy rate
Beltline vacancy rate
Suburban vacancy rate
Overall vacancy rate
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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.
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