Posted Dec 20, 2023, 4:39 AM
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Great White Norf
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Join Date: Nov 2003
Location: Niagara Region
Posts: 10,977
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Calgary used to have downtown employment of 140,000 or so (I believe the Beltline was included in that number for "greater downtown").
I can't recall the source but IIRC it was roughly 120,000 in downtown, and 20,000 in the Beltline.
Currently however,
Downtown: 29-30% vacancy or roughly 13 million square feet of vacant office space
Beltline: 27% vacancy or roughly 2 million square feet of vacant office space
To put that in perspective downtown Edmonton has roughly 18.3 million square feet of total office space! (Downtown+Government area)
Source: Q3 2023 Colliers figures
My guesstimate for Calgary would be 100,000-105,000 today. Maybe you can find a current 2023 number more accurate than that.
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