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1208CALG
Sublet space a sign of things to come
A marked increase in downtown Class A sublet office space in two key Canadian office markets-- Calgary and Vancouver -- is a harbinger of what to expect in most other leading Canadian office markets in 2009 and beyond, says commercial real estate firm CB Richard Ellis (CBRE) in its 2008 year-end report released Tuesday.
"We know that the fundamentals of the office market are going to decline, the real questions are where, when and how much?,"said John O`Bryan, vice-chairman of CBRE.
http://www.canada.com/calgaryherald/news/c...dc-c76b5e098795
Sublet space a sign of things to come
A marked increase in downtown Class A sublet office space in two key Canadian office markets-- Calgary and Vancouver -- is a harbinger of what to expect in most other leading Canadian office markets in 2009 and beyond, says commercial real estate firm CB Richard Ellis (CBRE) in its 2008 year-end report released Tuesday.
"We know that the fundamentals of the office market are going to decline, the real questions are where, when and how much?,"said John O`Bryan, vice-chairman of CBRE.
http://www.canada.com/calgaryherald/news/c...dc-c76b5e098795