Calgary Office Vacancy Space Continues to Climb, Despite Conversions

Calgary office vacancy space continues to climb, despite conversions

Calgary's vacancy rate climbed 50 basis points to 30.7 per cent in the second quarter of 2025, continuing a trend despite a relative boom in oil prices in the past couple of years and local efforts to convert commercial buildings into residential towers.

From desks to homes: how residential conversions are tackling office oversupply

Source: [[https://www.pexels.com/search/Cranes%20and%20Construction%20on%20Old%20Office%20Blocks/ Pexels]]In a striking shift that signals the office market’s adaptation to post-pandemic realities, nearly one in five office property purchases in South Africa is now intended for residential or mixed-use conversion. Read more...

Office Conversions Surge Amid Rising Vacancy Rates - CCR-Mag.com

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