Posted Oct 3, 2013, 2:39 AM
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Join Date: Jul 2001
Posts: 10,046
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The first tower has Cenovus Energy signed up for 1m sq ft.
Calgary has one of the most volatile office markets on the continent so who knows what will happen to the vacancy rate. The current building boom is shaping up to be the second biggest on record, after the late 70's/early 80's. Under construction are:
-Brookfield East
-City Centre
-Eau Claire Tower
Planned to be u/c soon are:
-Bow South block
-3 Eau Claire
-Telus Sky
-Manulife
Approved and pre-leasing:
-Brookfield West
-Great West Life
-Palliser East
-Palliser West
-Century Park
If all of these are built, the downtown office space inventory would increase by around 8 or 9 million sq ft, which would be about a 20% increase.
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