When Calgary is involved all bets are off. There is the norm for markets and then there is Calgary... where the last 30 years has been building boom, and then a glut, another building boom, and another glut, and so on and so on.
Some day you'd expect it to come to an end, but right now I don't think anyone knows when that will be, so it wouldn't be too surprising to see developers go ahead with projects to try to get that advantage.
Quote:
Originally Posted by LeftCoaster
As well in most markets (Calgary seems to inexplicably defy this) there is a finite demand for space, so if you are the first to market, you can snap up the majority of the good tenants while the later to market buildings are left with the scraps. This is less pronounced in Calgary due to the near insatiable demand, but there are still better tenants than others and they will often get scooped up first.
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