Q2 2020 Commercial Sales Report

There were 88 commercial real estate sales in the Greater Calgary Area in Q2 2020, a 20.0 per cent decrease from the 110 sales in Q2 2019. The total dollar value of commercial real estate sales in the Greater Calgary Area was $312 million in Q2 2020, a 7.2 per cent decrease from $336 million in Q2 2019.

**Greater Calgary Area includes Airdrie, Calgary, Chestermere, Cochrane, High River, MD of Foothills, Okotoks, Rocky View County, Strathmore, and Wheatland County.

Q2 2020 activity by category

Land: There were 19 commercial land sales in Q2 2020, which is an 17.4 per cent decrease from the 23 land sales in Q2 2019. The dollar value of land sales was $128 million in Q2 2020, a 40.2 per cent increase from $92 million in Q2 2019.

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Market Report

Commercial Space Vacancy Rates Q1 2018 City of Calgary

Industrial Real Estate Vacancy Rate         Q1 2018              6.6%      City of Calgary

Retail Shopping Centre Vacancy Rate      Q1 2018              5.1%      City of Calgary

Downtown Office Vacancy Rate                Q1 2018              27.5%   City of Calgary

Suburban Office Vacancy Rate                 Q1 2018             22.3%   City of Calgary

Source of information, Calgary Economic Development.