- Joined
- Jan 29, 2008
- Messages
- 1,025
Oxford Properties has announced they're marketing a new 25 storey office building that they have planned in downtown Calgary. Considering the huge amount of space that has been built/leased recently (8th avenue place, the Bow) the fact that they're considering it is unbelievable.
http://www.calgaryherald.com/business/Oxford+Properties+plans+storey+tower+Calgary+Claire+area/5507762/story.html
I also recently read that more office space was leased ("absorbed") in Calgary than Toronto so far this year, which is amazing considering Calgary is a fraction of the size. To me, this is a bullish sign for the Calgary residential real estate market, as all those office towers are full of people with good jobs.
Any thoughts on this market, or what that means for smaller scale real estate?
Regards,
Michael
http://www.calgaryherald.com/business/Oxford+Properties+plans+storey+tower+Calgary+Claire+area/5507762/story.html
I also recently read that more office space was leased ("absorbed") in Calgary than Toronto so far this year, which is amazing considering Calgary is a fraction of the size. To me, this is a bullish sign for the Calgary residential real estate market, as all those office towers are full of people with good jobs.
Any thoughts on this market, or what that means for smaller scale real estate?
Regards,
Michael