New office report puts Canada’s cities in North America’s top 10
Although there have been reports recently suggesting that Calgary’s office market may be stagnant, it has made the top 10 in a list of North America’s best office markets. The new Colliers International North American Office Report for Q3 2014 shows that Calgary along with other major Canadian cities often have lower vacancy rates than those south of the border. Toronto is at 6.6 per cent, Montreal at 7.3 per cent and Calgary 8.7 per cent. The overall average is 8.4 per cent compared to 13.5 per cent in the US. Toronto and Calgary also make the top 10 in Colliers’ report for office space under construction.