The downtown core has added another 311,000 square feet of unleased space and there are 13 properties in the core with more than 100,000 square feet of contiguous space available. The total unleased space downtown is now 11.9 million square feet. In the southern suburbs, the vacancy rate is sitting at 20.6 per cent with 452,000 square feet and an additional 104,000 square feet under construction, the report says. In Calgary's northern suburbs, the office vacancy rate is 18.5 per cent with 146,000 square feet available and an additional 79,000 square feet being built. The COVID-19 pandemic has the potential to convince some companies to look for office space outside of the downtown core, Avison Young says.

Source: CBC News October 16, 2020 18:40 UTC