Calgary office vacancy rate declining as business community returning to city's core

After years of decline, demand for Calgary's downtown commercial real estate is showing signs of returning to life. A new report released by Avison Young says the downtown office vacancy rate now sits at 27.2 per cent, down 2.5 per cent since the last quarter of 2021. The report also shows leasing rates will continue to face upward pressure this year because of flight to quality and high inflation, which basically means more businesses trying to move to better spaces to try to attract and mainta