Termpaper bombardier

What happens in the oil fields directly affects one of Canada’s largest business cores. Elevator trips to Beaver’s small ninth-floor Calgary office have gotten lonelier. Nearly one-third of the office space in the 32-storey highrise is listed for lease or sublease. The asking rate to rent downtown Calgary’s “Class A” office space is down nearly 42 per cent from last year, the result of “a complete lack of demand,” according to a report by real estate advisers Jones Lang Lasalle. The market is awash in subleases, as companies compete with landlords for the few interested tenants. “Initially it was mid-sized to large companies shedding excess space—space set aside for their future expansion,” says Mike Gigliuk, a vice-president at commercial real estate firm Newmark Knight Frank Devencore. “The next wave was companies of all sizes downsizing staff and trying to shed the newly vacant space.”

Termpaper bombardier

termpaper bombardier


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