- The Calgary downtown office market experienced 192,548 sq. ft. of negative net asborption in Q3 2019 following two consecutive quarters with positive absorption that was driven primarily by co-working activity.

- An increase in merger and acquisition activity along with a lack of new capital in the oil and gas industry continues to limit growth.

- Despite recording a 70 bps increase in the Class AA vacancy rate this quarter, flight-to-quality continues to account for a substantial portion of the market activity.