I don't think so. In my line of work I deal with companies looking to sign 5 sometimes 10 year leases and last year we saw a lot of great business sign 10 year leases and go long on Calgary. Yes a big part of that is getting amazing space at discount prices but to commit to a 10 year term tells me they are here for the long term.
Towards the end of Q4 last year we were projecting positive absorption (i.e. the change in occupied space) downtown for the first time since 2015 but then Pengrowth put all their space on the market and sent things back into the negative but they are the last major O&G co to do so. This year I suspect we will see some positive growth (albeit very small) in the market place.
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