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Research

Report

Office Market Overview l Q1 2015


​In the short term, this trend is expected to continue as the sharp drop in global oil prices forces oil companies in Canada, primarily in Calgary, to shed unused space and the national economy continues to expand at unimpressive levels. Furthermore, the continuing trend of consolidation and space optimization by office occupiers and the completion of new developments will add downward pressure on occupancy levels and push overall vacancy rates higher. 

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