First Capital REIT has collected about 70% of April gross rents payable from tenants

Tenants representing approximately 50 per cent of First Capital's total gross monthly rents are currently classified as essential

First Capital REIT has collected about 70% of April gross rents payable from tenantsFirst Capital REIT  has collected approximately 70 per cent of gross rents payable from tenants for the month of April, it has announced. Tenants representing approximately 50 per cent of First Capital's total gross monthly rents are currently classified as essential while the remaining tenants, representing approximately 50 per cent of total gross monthly rents,…

Uncertainty for Calgary downtown office market

Calgary’s downtown office market recorded 232,909 square feet of negative net absorption in the first quarter of 2020, says JLL report

Uncertainty for Calgary downtown office marketIt is uncertain how great of an impact the COVID-19 pandemic and the energy market collapse will have on Alberta and on the downtown office market in Calgary, says a report by commercial real estate firm JLL. "However, Albertans remain cautious and hopeful that we have seen the worst of the pandemic and will be…

Calgary downtown office leasing to drastically slow

Calgary’s downtown office market experienced 213,234 square feet of positive absorption in the first quarter of this year, says CBRE

Calgary downtown office leasing to drastically slowCalgary’s downtown office market experienced 213,234 square feet of positive absorption in the first quarter of this year, bringing the vacancy rate down 70 basis points to 26.5 per cent, according to a new report by commercial real estate firm CBRE. But leasing activity is expected to drastically slow during the COVID-19 outbreak. It said…

Calgary downtown office vacancy trend unprecedented

Today and since 2016, the Calgary downtown office market vacancy rate has been above 20 per cent with no end in sight apparently

Calgary downtown office vacancy trend unprecedentedThe persistent vacancy rate of downtown office space in Calgary above the 20 per cent level for the past few years is unprecedented and there seems to be no end in sight to the challenges this particular commercial real estate sector is facing. "This story needs to be understood and absorbed in the rest of…
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