Office vacancy increases again in Calgary

The number of empty office spaces in Calgary continues to rise as businesses shift their operation model. A report by Avison Young indicates that overall office vacancy in the city for the third quarter increased to 23.5 per cent. This is the highest figure Calgary has ever seen but it’s not the first time it's been this high. The city hit this record before in both 2017 and 2018. The higher vacancy rate unfortunately means less people downtown and that hurts businesses in the core that re