Calgary’s Commercial Market is Still Hot

Despite the downturn in Calgary’s residential market, Calgary’s commercial real estate market is still very strong. Lucid only advises local investors to take advantage of commercial opportunities, and only while they’re this hot.

Why Calgary Commercial?

The numbers keep adding up:

• Calgary leads Canadian metropolitan centres with a GDP forecasted to grow by 3.9% in 2008.
• Calgary’s commercial vacancy rate is only 3.16% ¹
• Calgary’s suburban office market has the highest net absorption rate this quarter at 182,171 square-feet.
• Calgary’s suburban market has posted positive net absorption for 17 consecutive quarters (as at July 2008). ²

1. DTZ Barnicke Calgary Office Report, First Quarter 2008
2. CB Richard Ellis Marketview – Calgary Suburban Office First Quarter 2008

Why Suburban Calgary Commercial?

Downtown conveniences without downtown headaches:

• Suburban Calgary has much lower lease rates than downtown.
• Suburban Calgary parking is often free (downtown parking is often as high as $750/month).
• Suburban Calgary enjoys uncontested traffic.
• Suburban Calgary offers more amenities contributing to quality of life.

Invest in Suburban Calgary Commercial. Contact Lucid.