Colliers Downtown group just released their Q4 2013 report. Thought some here might be interested, PM if you have any questions or want more information.
Quote:
Downtown Office Market Balancing Act
The last year can be seen as a giant step towards a more balanced office market whereby
Landlords and Tenants negotiate from an equal footing. This represents a significant change
from 2010, 2011, and 2012 where the vacancy rate reached 3.53% in Q2 2012, its lowest
level since Q1 2008, where Landlords were able to secure tenancies at elevated rates with
minimal tenant inducements. With four consecutive quarters of negative absorption through
2013 totaling 1.58 million square feet, 3.6% was added to the vacancy rate which now stands
at 7.28%. This represents the greatest amount of annual negative absorption the Calgary
downtown office market has ever experienced.
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Full report is:
here