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Downtown Calgary's vacancy rate increased by 390 basis points to 20.3 percent and the availability rate, which includes space that can be occupied within the next six months, climbed 210 basis points to 23.5 percent in the third quarter. Regardless of a recent flurry of leasing activity from the likes of Scotiabank, Seven Generations Energy Ltd. and Gran Tierra Energy Inc., soft market conditions will remain throughout the remainder of 2016.
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