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The opportunity in Calgary’s suburban & beltline office markets

Jun 28, 2024  
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Callum McLaughlin and Jash Sandhu from Colliers Calgary Brokerage have successfully represented over 60,000 square feet of tenant transactions in the Uxborough medical development. The Calgary Suburban office market is flourishing post-pandemic with high occupancy and positive absorption. However, challenges persist in finding suitable spaces due to specific tenant requirements. Economic shifts, such as significant immigration, are influencing office space trends, with downtown core tenants focusing on energy sectors, while suburban tenants have a diverse mix. The office-conversion program impacts the downtown core more than the Suburban and Beltline markets.

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