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Decline in office vacancies likely to be short-lived

Posted by Jeff Campbell on Tuesday, August 3rd, 2010 at 10:00am.

Calgary's overall office vacancy rate declined in the second quarter, but is expected to rise in the coming months as more new space hits the market. A report by commercial real estate firm Avison Young in Calgary said the overall market vacancy rate fell to 10.7 per cent, down from 11 per cent in the first quarter but up from 9.3 per cent a year ago. Calgary is above the national average for office vacancy of 10 per cent. 

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