Downtown office vacancy rates show signs of improvement

Vacancy rates in downtown Calgary remain high but there may be light at the end of the tunnel. New statistics from Avison Young show the vacancy rate downtown for the last quarter of 2019 was 23.5 per cent, the lowest it has been since the the third quarter of 2016 when it was 22.9 per cent. That may still be a less than desired vacany rate, but some real estate experts believe that creates as many opportunities as obstacles. "We are seeing a lot of new business move into the downtown core," sai