Under the radar

Industrial real estate market hopes to maintain momentum in 2018

When it comes to the Calgary commercial real estate market, downtown office space grabs all the headlines.
Just like in sports, where star players occupy the limelight and grinders are often overlooked, the struggles of the downtown office market continue to dominate discussions of commercial real estate, while the industrial sector has quietly weathered the economic storm over the past three years.

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Making a comeback

Calgary’s commercial real estate market could be poised for a rebound in 2018

All eyes will be on Calgary’s commercial real estate market this year, with hopes that the downtown office sector, which continued to struggle in 2017, will rebound in 2018.

The office market has grabbed everyone’s attention over the past three years, as vacancy rates have soared to historically high levels following the collapse of oil prices and the subsequent waves of layoffs that ravaged employment ranks in downtown Calgary. Thousands of people were cut loose, and a vast amount of office space suddenly became vacant in the downtown core.

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Knowing the facts

Smarter Growth Initiative aims to educate public about homebuilding and development industry

Guy Huntingford knows the value of providing people with useful and interesting information.

After all, the CEO of BILD Calgary Region was once in the newspaper business, as a publisher at both the Calgary Herald and the Calgary Sun.

That background gave him the spark needed to put together the Smarter Growth Initiative, a BILD-affiliated entity whose tagline is “fostering conversation about urban development,” nearly four years ago.

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