Calgary Commercial Real Estate

Q3 2015 Canadian Cap Rates &  Investment Insights

 Serving the Calgary, Alberta Area

Fears Over Widespread Fallout in Commercial Real Estate From Falling Oil Prices Prove Largely Unrealized in Top Energy Markets

Toronto, September 24, 2015 – After a year of sliding and volatile oil prices, the commercial real estate fallout in energy markets is mixed across North America and by property type, but fears about widespread adverse impacts have not been realized, according to a new report from CBRE Group, Inc. Even so, continued price volatility and uncertainty could impede market performance moving forward, the report says.

“The precipitous drop in oil prices has had a mitigating effect on Calgary’s commercial real estate market. Downtown office has been hit the hardest, with a large increase in the amount of sublease space. However, we have not yet seen a substantial drop in head lease rates,” said Greg Kwong, CBRE’s Regional Managing Director for Alberta.

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Driven by an energy based economy, Calgary remains a cornerstone of the oil and gas industry in North America. With the emergence of the high tech, financial, environmental and professional services sectors, commercial real estate in Calgary is in high demand. Partnering with the right solution provider is imperative to successfully navigating through Calgary’s complex marketplace.

CBRE Limited is recognized as the world’s leading real estate services firm and is the only property services company listed on the Fortune 500. With extensive local market coverage and entrenched relationships, our professionals have experience with businesses of all sizes, from global blue-chip companies to private individuals, and deliver real estate solutions to achieve their business needs.