Posted Aug 3, 2018, 3:06 AM
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Registered User
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Join Date: Jul 2001
Posts: 10,047
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Quote:
Originally Posted by MplsTodd
^ Another Thank You to Doug for the interesting write-up on Calgary!
Back in the mid-1990's I was in Vancouver, BC on business and was talking with commercial real estate brokers about differences between Canadian cities. I recall one telling me that the average size office lease in downtown Vancouver was about 20,000 square feet, whereas the average size lease in Calgary was close to 200,000 sf (or some proportion that was generally similar). The difference is that Calgary was a corporate HQ city, especially in the energy sector. Vancouver, by contrast (at least then), was more of a branch office city. I don't know if this is still true, but I always found that fascinating.
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Probably more true now than ever despite the downturn in the energy industry. Virtually all the large companies in Canada are headquartered in Toronto or Calgary.
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