In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Calgary is expected to rise from 16.7% in 2015 to 18.1% in 2016. The Class A Net Rental Rate is expected to slip from CAD23.59 per square foot to CAD18.59 per square foot. Net absorption is expected to rise from -2.14mn square feet to -0.03mn square feet. New supply is expected to drop from 1.72mn square feet to 1.06mn square feet. Stock that is under construction should fall from 4.70mn square feet to 3.75mn square feet.

Source : December 2015/CBRE/Calgary/OFF