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Calgary market discourages new investment in major real estate

Posted by Arshad Rashed on Tuesday, August 3rd, 2010 at 10:18am.

No major industrial real estate projects are expected to come online between late 2010 and early 2011 in Calgary until development costs decrease and market lease rates increase, says a report by CB Richard Ellis. This coupled with continued positive absorption (the change in occupied space) could push vacancy rates below three per cent within 18 months, says the commercial real estate company. The vacancy rate is currently 4.6 per cent.

Coventry Hills is a community of Calgary, Alberta. We specialize in Coventry Hills Real Estate . If you have any questions about the Coventry Hills real estate market, or Calgary Real Estate market, Coventry Hills homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit your Coventry Hills Real Estate experts!

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