The Q2 2020 Calgary Market Report
Ironically, Calgary’s real estate market, when looking strictly at the numbers, had an almost forgettable second quarter. Instead of seeing the typical market fluctuations produced by the volume of tenants and landlords transacting on new leases, nearly all businesses have pressed the pause button, along with the rest of the world, while we sort out what to make of the first global pandemic in a century. Instead of discussing revenue forecasts, growth projections, and vacancy rates, we zeroed in on case counts, rent relief, staff reductions, office safety and corporate policies on working from home.
At Cresa we only represent occupiers, giving them a unique advantage in a market that favours landlords. Our comprehensive suite of services includes long term strategic planning, lease negotiation and project management, ensuring our clients receive best-in-class advice and exceptional value. Our team is driven to do the right thing, and our clients earn the full benefit of that passion.
Calgary, AB Calgary Website
606 – 4 Street SW
Calgary, AB T2P 1T1
Edmonton, AB Edmonton Website
10088 – 102 Avenue
Edmonton, AB T5J 2Z1