Strong year for Canada’s commercial real estate sector
Posted Jan 6, 2011 10:35 pm.
This article is more than 5 years old.
CB Richard Ellis has released its fourth quarter reports and Canada’s commercial real estate sector experienced a stronger year than expected.
Office space vacancies fell two and a half per cent to 13.2%, signalling confidence in Alberta’s economy, continues to grow.
The fourth quarter was the strongest, easily outgaining the rest of the year.
The report also expects vacancy rates to continue to fall during 2011 with the addition of more full and part-time jobs.
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