Q4 2024 Calgary Downtown Office Occupier

2024 concluded with significant activity in both leasing and investment sales markets. While leasing activity remained steady throughout most of the year, it followed typical seasonal patterns with a slowdown during the holiday season, resulting in only a handful of significant transactions in the fourth quarter. Notably, office building sales in the past two years accounted for nearly 65% of all sales recorded in the past five years. Although office building sales traditionally fall outside our quarterly reporting scope, the remarkable volume of transactions over the past two years warrants some attention in this year-end report.

Download our Q4 2024 report to read more about our perspective on the downtown office market.