[artvandelay]

It's funny, many of the Toronto based asset managers have this perspective (more consistent with Whippersnapper) that it's the apocalypse here in Calgary with respect to the office market, while local investors who have been through these oil slumps before have a much more optimistic view in the medium to long term.

With 8 million sft available (plus ghost vacancy) and 3 million under construction, things are certainly going to get worse before they get better, but we know that Calgary has the ability to absorb 2 to 3 million sft per year in a bull market.