UPDATED: Four major office transactions, a slowdown in residential development land sales and the amount of distress that entered into the market were the most significant themes in Vancouver's commercial real estate investment sector during 2024.
Calgary’s strategy to future-proof its downtown includes financial incentive programs that are already transforming aging office space into residential and other active uses. The City’s current pipeline includes 11 office conversion projects removing 1.57 million square feet of office space.
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