Skyline Review April 2014

APRIL 2014

SKYLINE REVIEW an analysis of Calgary’s downtown office towers

Class AA Class A Class B Colliers International 900, 335 8 Avenue SW | Calgary Alberta T2P 1C9 Main +1 403 266 5544 | Fax +1 403 265 6495 www.colliers.com/calgary

Accelerating success.

CLASS “AA” BUILDINGS Headlease Available

Sublease Available

60 55 50 45

UNDER CONSTRUCTION

35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate Percentage Leased Headlease Avail. (SF) Sublease Avail. (SF)

UNDER CONSTRUCTION

40

707 FIFTH STREET SW

BANKERS COURT

BANKERS HALL EAST

BANKERS HALL WEST

BP CENTRE

BROOKFIELD PLACE

707 - 5th Street SW

800 - 2nd Street SW

855 - 2nd Street SW

888 - 3rd Street SW

240 - 4th Avenue SW

225 - 6th Avenue SW

508,000

255,000

819,130

807,409

637,000

1,418,000

21,000

21,775

20,800

20,800

24,000

27,000

48%

100%

100%

100%

84%

71%

260,000

Fully Leased

Fully Leased

Fully Leased

130,764

400,000

None

32,208

None

None

None

None

OP Costs ( /SF )

$20.00

$20.93

$23.03

$21.63

$20.53

$21.00

Parking Ratio

1:1,300

1:1,350

1:2,500

1:2,500

1:3,000

1:2,500

1

2

3

4

5

6

60 55 50 45

UNDER CONSTRUCTION

35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate Percentage Leased Headlease Avail. (SF) Sublease Avail. (SF)

UNDER CONSTRUCTION

40

CALGARY CITY CENTRE

CENTENNIAL PLACE EAST

CENTENNIAL PLACE WEST

DEVON TOWER

EAU CLAIRE TOWER

215 - 2nd Street SW

520 - 3rd Avenue SW

250 - 5th Street SW

400 - 3rd Avenue SW

600 - 3rd Avenue SW

820,000

779,071

439,590

806,456

613,000

27,000

21,500

20,000

20,000

27,500

39%

100%

100%

95%

72%

504,368

Fully Leased

Fully Leased

40,283

135,070

None

None

None

160,513

None

OP Costs ( /SF )

$20.00

$21.91

$21.91

$22.36

$19.73

Parking Ratio

1:1800

1:1,725

1:1,725

1:2,000

1:1,800

7

8

9

10

11

Headlease Available

Sublease Available

60 55 50 45 40

UNDER CONSTRUCTION

35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate

EIGHTH AVENUE PLACE EAST EIGHTH AVENUE PLACE WEST

ERNST & YOUNG TOWER

JAMIESON PLACE

LIVINGSTON PLACE SOUTH

LIVINGSTON PLACE WEST

PENN WEST PLAZA EAST

525 - 8th Avenue SW

585 - 8th Avenue SW

440 - 2nd Avenue SW

302 - 4th Avenue SW

222 - 3rd Avenue SW

250 - 2nd Street SW

207 - 9th Avenue SW

1,042,027

841,000

412,228

776,783

418,000

418,800

225,000

23,500

24,000

20,190

24,000

21,000

21,000

23,000

Percentage Leased

99%

100%

94%

100%

89%

100%

100%

Headlease Avail. (SF)

8,752

Fully Leased

22,691

Fully Leased

45,579

Fully Leased

Fully Leased

Sublease Avail. (SF)

112,318

49,009

None

15,317

13,825

None

None

OP Costs ( /SF )

$22.26

$22.40

$21.66

$21.34

$21.69

$21.69

$20.58

Parking Ratio

1:2,100

1:2,100

1:2,500

1:1,750

1:1,750

1:1,750

1:1,500

13

14

15

16

17

18

19

60 55 50 45 40 35 30 25

PROCEEDING

20 15 10 5 BUILDING NAME

PENN WEST PLAZA WEST

SUNCOR ENERGY - EAST

SUNCOR ENERGY - WEST

TD CANADA TRUST

TELUS SKY TOWER

THE BOW

TRANSCANADA TOWER

215 - 9th Avenue SW

111 - 5th Avenue SW

150 - 6th Avenue SW

421 - 7th Avenue SW

100 - 7th Avenue SW

500 Centre Street SE

450 - 1st Street SW

400,000

585,630

1,121,463

615,227

430,000

1,940,000

931,187

Avg. Floorplate

21,000

20,000

23,000

19,000

19,500

36,000

28,669

Percentage Leased

100%

100%

100%

93%

36%

100%

100%

Fully Leased

Fully Leased

Fully Leased

40,375

358,000

Fully Leased

Fully Leased

Address Total Rentable (SF)

Headlease Avail. (S F) Sublease Avail. (SF)

90,508

None

None

5,933

None

None

None

OP Costs ( /SF )

$20.38

$23.27

$23.27

$21.53

$22.00

$22.00

$19.73

Parking Ratio

1:2,000

1:2,100

1:2,100

1:3,800

TBD

1:1,361

1:2,300

20

21

22

23

24

25

26

CLASS “A” BUILDINGS Headlease Available

Sublease Available

60 55 50 45 40 35 30 25 20 PROPOSED

15 10 5 BUILDING NAME

8 WEST

BARRON BUILDING

BOW VALLEY SQUARE I

BOW VALLEY SQUARE II

BOW VALLEY SQUARE III

BOW VALLEY SQUARE IV

903 - 8th Avenue SW

610 - 8th Avenue SW

202 - 6th Avenue SW

205 - 5th Avenue SW

255 - 5th Avenue SW

250 - 6th Avenue SW

Total Rentable (SF)

146,880

207,000

136,871

503,190

328,547

414,616

Avg. Floorplate

14,688

19,073 - 21,560

9,662

13,599

11,522

11,530

Percentage Leased

100%

0%

99%

99%

92%

99%

Fully Leased

Fully Available

1,400

4,600

24,838

1,655

Address

Headlease Avail. (SF) Sublease Avail. (SF)

None

None

None

None

None

None

OP Costs ( /SF )

$16.70

$18.00

$23.60

$20.12

$21.20

$20.76

Parking Ratio

1:1,500

1:9,000

1:2,000

1:2,000

1:2,000

1:2,000

1

2

3

4

5

6

60 55 50 45 40 35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate Percentage Leased Headlease Avail. (SF) Sublease Avail. (SF)

CALGARY PLACE I

CALGARY PLACE II

CENTRIUM PLACE

CHEVRON PLAZA

ENCOR PLACE

FIFTH & FIFTH

330 - 5th Avenue SW

355 - 4th Avenue SW

332 - 6th Avenue SW

500 - 5th Avenue SW

645 - 7th Avenue SW

605 - 5th Avenue SW

284,953

217,113

225,000

260,749

365,000

449,747

11,350

11,350

17,000

12,109

13,800

15,327

90%

82%

100%

100%

96%

99%

27,642

39,107

Fully Leased

Fully Leased

14,200

3,031 93,081

None

None

None

1,600

13,750

OP Costs ( /SF )

$23.48

$23.48

$17.79

$14.62

$21.50

$19.81

Parking Ratio

1:2,500

1:2,500

1:3,200

1:3,000

1:3,300

1:2,500

7

8

9

10

11

12

Headlease Available

Sublease Available

60 55 50 45 40 35 30 25 20 15 10 5 BUILDING NAME

FIFTH AVENUE PLACE EAST

FIFTH AVENUE PLACE WEST

FIRST CANADIAN CENTRE

GULF CANADA SQUARE

LE GERMAIN

NEXEN BUILDING

425 - 1st Street SW

237 - 4th Avenue SW

350 - 7th Avenue SW

401 - 9th Avenue SW

110 - 9th Avenue SW

801 - 7th Avenue SW

Total Rentable (SF)

719,247

709,690

508,688

1,124,358

84,939

604,000

Avg. Floorplate

23,000

23,000

17,000/8,000

47,600

10,000

18,000

100%

100%

97%

100%

100%

100%

Fully Leased

Fully Leased

15,907

Fully Leased

Fully Leased

Fully Leased

Address

Percentage Leased Headlease Avail. (SF) Sublease Avail. (SF)

None

None

84,570

None

None

None

OP Costs ( /SF )

$22.34

$22.67

$21.85

$18.46

$22.44

$19.50

Parking Ratio

1:2,300

1:2,300

1:3,000

1:1,500

1:1,900

1:1,700

13

14

15

16

17

18

60 55 50 45 40 35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF)

PALLISER SQUARE SOUTH

PLAINS MIDSTREAM PLAZA

PLAZA 1000

SCOTIA CENTRE

SHAW COURT

SHELL CENTRE

140 - 10th Avenue SW

607 - 8th Avenue SW

1000 - 7th Avenue SW

700 - 2nd Street SW

630 - 3rd Avenue SW

400 - 4th Avenue SW

275,116

225,000

160,151

475,212

288,241

640,068

20,500 / 13,200

20,151

16,453

14,300

25,050

20,000

100%

100%

100%

100%

100%

100%

Headlease Avail. (SF)

Fully Leased

Fully Leased

Fully Leased

Fully Leased

Fully Leased

Fully Leased

Sublease Avail. (SF)

None

None

33,00 6

None

None

None

OP Costs ( /SF )

$17.68

$17.22

$17.69

$18.88

N/A

$17.37

1:2,000

1:3,300

1:650

1:6,600

1:2,600

1:8,000

19

20

21

22

23

24

Avg. Floorplate Percentage Leased

Parking Ratio

CLASS “A” BUILDINGS Headlease Available

Sublease Available

60 55 50 45 40 35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate Percentage Leased Headlease Avail. (SF) Sublease Avail. (SF)

STOCK EXCHANGE TOWER

SUN LIFE PLAZA WEST

SUN LIFE PLAZA NORTH

SUN LIFE PLAZA EAST

TD SQUARE - DOME TOWER

TD SQUARE - HOME TOWER

300 - 5th Avenue SW

144 - 4th Avenue SW

140 - 4th Avenue SW

112 - 4th Avenue SW

333 - 7th Avenue SW

324 - 8th Avenue SW

386,872

312,186

307,379

410,699

399,800

388,620

13,500

12,140

12,140

15,100

14,300

14,300

89%

92%

96%

100%

100%

92%

41,845

25,115

13,662

Fully Leased

Fully Leased

31,262 20,075

None

4,508

23,557

196,300

43,087

OP Costs ( /SF )

$21.03

$20.09

$20.09

$20.46

$21.91

$21.20

Parking Ratio

1:4,000

1:1,750

1:1,750

1:1,750

1:5,000

1:5,000

25

26

27

28

29

30

BUILDING NAME

800 - 5th AVENUE SW

WATERMARK TOWER

WESTERN CANADIAN PLACE N

WESTERN CANADIAN PLACE S

444 - 7TH AVENUE SW

635 - 8TH AVENUE SW

Address

800 - 5th Avenue SW

530 - 8th Avenue SW

707 - 8th Avenue SW

700 - 9th Avenue SW

444 - 7th Avenue SW

635 - 8th Avenue SW

238,460

381,991

666,500

394,560

260,000

274,001

Avg. Floorplate

12,250

14,431

18,400

15,120

27,000

12,000

Percentage Leased

100%

98%

100%

100%

55%

100%

Headlease Avail. (SF)

Fully Leased

7,245

Fully Leased

Fully Leased

117,093

Fully Leased

Sublease Avail. (SF)

24,577

3,143

None

None

None

7,708

OP Costs ( /SF )

$19.54

$21.17

$18.14

$18.14

$18.14

$20.50

Parking Ratio

1:2,100

1:5,000

1:2,200

1:2,200

1:2,200

1:2,500

31

32

33

34

35

36

60 55 50 45 40 35 30 25 20 15 10 5

Total Rentable (SF)

CLASS “B” BUILDINGS Headlease Available

Sublease Available

35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate Percentage Leased

ALTIUS CENTRE

AMEC PLACE

AQUITAINE TOWER

ATRIUM I

ATRIUM II

BANTREL TOWER

BARCLAY CENTRE

BIRCHCLIFF ENERGY BUILDING

500 - 4th Avenue SW

801 - 6th Avenue SW

540 - 5th Avenue SW

839 - 5th Avenue SW

840 - 6th Avenue SW

700 - 6th Avenue SW

606 - 4th Street SW

630 - 4th Avenue SW

304,450

409,460

246,752

102,750

103,026

224,990

132,931

65,711

10,300

15,191

14,575

13,615

14,450

11,063

9,680

14,629

100%

97%

97%

100%

84%

76%

95%

100%

Headlease Avail. (SF)

Fully Leased

12,427

7,839

Fully Leased

16,791

53,439

7,097

Fully Leased

Sublease Avail. (SF)

34,784

5,479

16,779

None

3,242

4,348

None

None

OP Costs ( /SF )

$23.37

$17.50

$18.00

$21.81

$23.25

$17.75

$24.64

$18.33

Parking Ratio

1:1,200

1:1,600

1:2,800

1:1,300

1:1,300

1:6,600

1:1,750

1:2,100

1

2

3

4

5

6

7

8

35 30 25 20 15 10 5 BUILDING NAME

CALGARY HOUSE

CANADA PLACE

CANADIAN CENTRE

CENTURY PARK PLACE

DOMINION CENTRE

EAU CLAIRE PLACE I

EAU CLAIRE PLACE II

FIFTH AND THIRD

550 - 6th Avenue SW

407 - 2nd Street SW

833 - 4th Avenue SW

855 - 8th Avenue SW

665 - 8th Street SW

525 - 3rd Avenue SW

521 - 3rd Avenue SW

505 - 3rd Street SW

Total Rentable (SF)

158,873

196,768

147,101

73,850

89,427

74,943

122,820

136,517

Avg. Floorplate

14,909

11,635

14,200

7,523

9,346

11,500

9,400

7,899

Percentage Leased

100%

68%

98%

97%

92%

100%

92%

100%

Headlease Avail. (SF)

Fully Leased

61,206

3,319

1,950

7,581

Fully Leased

9,401

Fully Leased

Sublease Avail. (SF)

None

None

38,792

None

None

None

1,691

None

OP Costs ( /SF )

$19.23

$16.69

$18.48

$17.44

$17.05

$18.47

$18.66

$18.10

Parking Ratio

1:2,400

1:1,900

1:1,840

1:1,800

1:2,015

1:2,000

1:1,600

1:2,950

9

10

11

12

13

14

15

16

Address

35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF) Avg. Floorplate Percentage Leased Headlease Avail. (SF) Sublease Avail. (SF)

FIRST ALBERTA PLACE

FIVE TEN FIFTH

FORD TOWER

FOURTH & FOURTH

HANOVER PLACE

HOLLINSWORTH BLDG

HSBC BUILDING

INTACT PLACE EAST

777 - 8th Avenue SW

510 - 5th Street SW

633 - 6th Avenue SW

435 - 4th Avenue SW

101 - 6th Avenue SW

301 - 8th Avenue SW

407 - 8th Avenue SW

311 - 6th Avenue SW

297,588

109,471

147,390

86,664

238,893

42,331

98,489

217,000

14,489

6,461

8,080

12,000

10,280

5,000

9,858

13,600

77%

89%

76%

97%

96%

97%

100%

100%

69,923

12,086

35,439

2,642

10,280

5,120

Fully Leased

Fully Leased

None

None

None

None

1,526

None

None

None

OP Costs ( /SF )

$14.45

$18.95

$16.04

$22.47

$21.35

$23.03

$19.00

$19.39

Parking Ratio

1:3,000

1:4,100

1:3,000

1:1,050

1:4,423

1:2,500

N/A

1:3,000

17

18

19

20

21

22

23

24

CLASS “B” BUILDINGS Headlease Available

Sublease Available

35 30 25 20 15 10 5 BUILDING NAME

INTACT PLACE WEST

LIFE PLAZA

MCFARLANE TOWER

NORTHLAND PLACE

PANARCTIC PLAZA

PARALLEL CENTRE

PLACE 926

Address

321 - 6th Avenue SW

734 - 7th Avenue SW

700 - 4th Avenue SW

407 - 3rd Street SW

815 - 8th Avenue SW

1040 - 7th Avenue SW

926 - 5th Avenue SW

Total Rentable (SF)

217,000

203,387

236,168

17,000

132,000

74,163

74,304

Avg. Floorplate

13,600

14,068

11,789

5,500/11,500

11,405

11,698

7,908

92%

91%

94%

100%

95%

86%

100%

Headlease Avail. (SF)

17,435

18,996

13,180

Fully Leased

6,911

10,302

Fully Leased

Sublease Avail. (SF)

None

3,608

None

16,910

None

None

8,700

OP Costs ( /SF )

$19.39

$18.68

$18.09

$20.37

$15.00

$15.52

$17.83

Parking Ratio

1:3,000

1:2,400

1:1,500

1:2,850

1:1,100

1:1,848

1:1,494

25

26

27

28

29

30

31

Percentage Leased

35 30 25 20 15 10 5 BUILDING NAME

PLACE 9-6

ROYAL BANK BUILDING

SELKIRK HOUSE

TELUS TOWER

UNITED PLACE

150 - 9TH AVENUE SW

333 - 5TH AVENUE SW

444 - 5TH AVENUE SW

940 - 6th Avenue SW

335 - 8th Avenue SW

555 - 4th Avenue SW

411 - 1st Street SE

808 - 4th Avenue SW

150 - 9th Avenue SW

333 - 5th Avenue SW

444 - 5th Avenue SW

140,624

321,172

226,000

705,120

77,819

417,333

241,457

171,000

15,305

12,400

11,149

27,161

8,329

14,453

15,613

8,361

Percentage Leased

98%

100%

95%

100%

85%

100%

98%

97%

Headlease Avail. (SF)

3,349

Fully Leased

12,401

Fully Leased

11,581

Fully Leased

4,702

5,471

Address Total Rentable (SF) Avg. Floorplate

Sublease Avail. (SF)

18,485

5,925

22,298

49,144

None

None

None

None

OP Costs ( /SF )

$15.94

$18.98

$21.51

$21.29

$15.25

$20.55

$19.25

$19.24

Parking Ratio

1:1,150

1:2,500

1:4,000

1:2,100

1:1,000

1:8,357

1:2,100

1:2,800

32

33

34

35

36

37

38

39

520 - 5TH AVENUE SW

639 - 5TH AVENUE SW

640 - 5TH AVENUE SW

715 - 5TH AVENUE SW

736 - 6TH AVENUE SW

800 SIXTH

520 - 5th Avenue SW

639 - 5th Avenue SW

640 - 5th Avenue SW

715 - 5th Avenue SW

736 - 6th Avenue SW

800 - 6th Avenue SW

35 30 25 20 15 10 5 BUILDING NAME Address Total Rentable (SF)

193,809

280,425

252,274

409,514

194,384

184,450

Avg. Floorplate

8,058

12,000

17,000

12,600

9,500

11,400

Percentage Leased

82%

92%

100%

95%

100%

98%

34,410

22,447

Fully Leased

20,248

Fully Leased

3,168

Sublease Avail. (SF)

8,036

20,475

None

25,061

5,417

46,190

OP Costs ( /SF )

$17.61

$18.54

$20.55

$16.97

$17.10

$18.14

Parking Ratio

1:3,730

1:3,600

1:2,175

1:1,400

1:2,100

1:2,500

40

41

42

43

44

45

Headlease Avail. (SF)

MARKET ANALYSIS CALGARY SKYLINE REVIEW The Calgary Skyline Review is a comprehensive floor-by-floor analysis of downtown office towers ranging from the “B” to the “AA” class category. We make every effort to provide our clients with the most up-to-date information available.

DOWNTOWN OFFICE MARKET STATISTICS AS AT DECEMBER 31, 2013 - Overall Vacancy Rate: 7.28% AA Class

A Class

B Class

Inventory (SF)

13,434,061

13,293,328

8,653,227

Vacancy Rate

3.30%

9.62%

8.26%

Headlease SF Vacant

189,541

740,801

466,550

Sublease SF Vacant

253,813

538,203

248,104

GRA P H S U M M A R Y

2009 New Developments Jamieson Place 776,783 Le Germain 85,000 Penn West Plaza Ph II 400,000 Total 1,261,783 Absorption -1,237,721

HISTORICAL & PROJECTED VACANCY 2009-2018 New Office Development, Annual Absorption & Vacancy Rates OVERALL DOWNTOWN MARKET

SF SF SF SF SF

3,000,000

2010 New Developments Centennial Place East 779,071 SF Centennial Place West 439,590 SF Eighth Avenue Place East 1,042,027 SF Total 2,260,688 SF Absorption 1,871,708 SF

2012 New Developments The Bow Absorption

1,940,000 SF 1,999,503 SF

2013 No New Developments Forecasted Absorption -1,581,037 SF 2014 New Developments Eighth Avenue Place - West 841,000 SF Absorption (Est.) 200,000 SF 2015 No New Developments Forecasted Absorption (Est.) 600,000 SF 2016 New Developments Calgary City Centre Eau Claire Tower

Total

Absorption (Est.) 2017 New Developments 707 Fifth Street SW Barron Building (Redev.)

Total

Absorption (Est.) 2018 New Developments Brookfield Place Telus Sky Tower

Total

Absorption (Est.)

820,000 SF 613,000 SF 1,433,000 SF 400,000 SF

508,000 SF 207,000 SF 715,000 SF 650,000 SF 1,418,000 SF 430,000 SF 1,848,000 SF 750,000 SF

2,500,000 2,000,000 SQUARE FEET

2,823,902 SF

F

1,500,000

11.55%

O

11.97%

C

A

S

T

9.45%

8.71% 7.28%

0

9.73%

7.23%

3.68%

12%

10%

6% 4% 2%

-1,500,000 -2,000,000

14%

8%

707 Fifth Street SW & Barron Building (Redev.)

4.49%

16%

11.78%

Eighth Avenue Place West

500,000

-1,000,000

E

Brookfield Place & Calgary City Centre & Telus Sky Tower Eau Claire Tower

1,000,000

-500,000

R

VA C A N C Y R AT E

2011 No New Developments Absorption

15.22% (Jun. 30, 2010)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 New Construction

Absorption

0%

Vacancy Rate

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FIRE DEPARTMENT BOAT LAUNCH

EAU CLAIRE AVENUE SW

1 AVENUE SW

3

SAHARA REST.

EAU CLAIRE MANOR

PRINCE'S CROSSING

SHAW COURT

6 STREET SW

LIBERTE EAU CLAIRE

735 2ND ST

EXECSUITE

PARK

TRINITY LUTHERAN CHURCH

EAU CLAIRE TOWER P

DEVELOPMENT

CENTENNIAL PLACE

WEST TOWER

EAST TOWER

9

G ID E

UNITED PLACE

NEFF APTS

LOUISE SATION HOUSING DEVELOPMENT

ALBERTA SERVICES MCFARLANE TOWER LAND TITLES

P

VERITAS BLDG

P

PARAMOUNT ENERGY TRUST

P

P

EAU CLAIRE PLACE II

BR

P

MCDOUGALL HOUSE CHURCHILL ESTATES

PAVILLIONS OF EAU CLAIRE

EAU CLAIRE PLACE I

T RS

3 AVENUE SW EAU CLAIRE RETIREMENT RESIDENCE

LIVINGSTON HOUSE

SONOMA PLACE

OPTIMA PLACE

HU

8 STREET SW

LL HI

TENNIS COURT

GE

7 STREET SW

RID

EAU CLAIRE LOOKOUT

THE POINT ON THE BOW

TOWER

BARCLAY MALL

P

2 AVENUE SW

SHERATON EAU CLAIRE

ERNST & YOUNG

P

P

D TO EV W ON ER

BOW CLAIRE ESTATES

5 STREET SW

B RT . L N.W

LA CAILLE RESTAURANT LA CAILLE CONDOS

JOE PHILLIPS BLDG

LA CAILLE ON THE PARKE

EAU CLAIRE APTS

REGENCY SUITES

P

PARKADE SHELL CENTRE

RETAIL

ALTIUS CENTER

CHEVRON PLAZA

PLAZA BLDG

NORTHLAND PLACE

444 5 AVE

ROSYLN BLDG

COURT HOUSE JOHN J. BOWLEN BLDG

5 IVEAGH HOUSE

ELVEDEN CENTRE

CAMPEAU PARKADE 200 STALLS

PETROFINA BLDG

ENCOR PLACE

RAMADA HOTEL

ROAD HOUSE

THE CONTINENTAL

8

RETAIL

P

WESTERN CANADIAN PLACE NORTH

635 8 AVE SW

RILEYS

KNOX UNITED CHURCH

TD CANADA TRUST TOWER

P

BARRON

BUILDING BARRON BLDG REDEVELOPMENT

GLOBE THEATRE

FIRST ALBERTA PLACE

AXYS BLDG

PAN ARCTIC PLAZA

WESTVIEW HEIGHTS

7 STREET SW

CENTURY PARK PLACE

8 WEST

EAST TOWER

WEST TOWER

CENTRAL ANIMAL HOSPITAL GIBRALTER PLACE

4 STREET SW

LIGHT RAIL TRANSIT

OLD CROWN 707 FIFTH STREET BAILY SW PARKADE BLDG

P

HOLT RENFREW

1

PLAINS MIDSTREAM PLAZA

SHAW BLDG

CENTENNIAL PARKADE 1000 STALLS

WESTERN CANADIAN PLACE SOUTH

HSBC BLDG

WEST EAST TOWER TOWER

WEST WEST TOWER TOWER

ENMAX SUBSTATION NO.1

THE CORE (DOWNTOWN RE

3 STREET SW

GUINNESS HOUSE

444 7TH AVENUE

411 8 AVENUE BLDG

PARK

8 AVENUE SW P

404 6TH AVE

PARKADE 157 STALLS

PARKADE 800 STALLS

THE COURT OF APPEAL

4 STREET SW

SIERRA PLACE

P

8 AVENUE SW P

FIFTH & THIRD

KNOX HALL

BARCLAY CENTRE

ALPINE FORD BLDG TOWER

CRAIG BROADCASTING BLDG

BRITANNIA BLDG

LIGHT RAIL TRANSIT

CENTURY GARDENS

CALGARY HOUSE REST

5 STREET SW

LIFE PLAZA

NEXEN TOWER

ITHACAN BLDG

TWIN OILS BLDG

PETEX BLDG

MANULIFE HOUSE

RETAIL

P

BRADIE PARKADE BLDG

WATERMARK TOWER

DOWNTOWN U OF C CAMPUS

PARKADE

P

BEL AIRE APTS

GARDEN TOWERS

O'NEIL TOWER

8 STREET SW

LORD 1010 1000 NELSON INN 8TH AVE 8TH AVE

9 STREET SW

BRIAR BLDG

SUTTON PLACE

P

441 5TH AVE

6 AVENUE SW P

POTENT 608 608 7TH DEVEL. SW ST

NEXEN

16

POTENTIAL CENTURY GARDENS OFFICE TOWER DEVEL.

THE SHELBOURNE

BANTREL TOWER

STRATEGIC CENTRE

840 7TH AVE

LIGHT RAIL TRANSIT

MORTGAGE BLDG

ENTERPRISE CAR RENTAL

520 5TH AVE

FIVE TEN FIFTH BLDG

CCH

AMEC PLACE

PACIFIC 66 PARKADE

WESTERN UNION BLDG

NORTHLAND BLDG

PENTLAND PLACE

SANDMAN HOTEL

PLAZA 1000

P

CENTENIAL BLDG

EAST TOWER

PLACE CONCORDE

FIFTH & FIFTH BLDG

STANDARD LIFE BLDG

6 STREET SW

P

14 THE SUN DIAL

DOMINION CENTRE

P

736 SIXTH

PLACE 800

PARKADE

OIL WEEK SIXTH AVE BLDG

WEST TOWER

SINCLAIR MCGEOUGH LILBURN BLDG

PARALLEL CENTRE

THE OLD SCOTCH

AQUITAINE TOWER

PRINCE ROYAL SUITES HOTEL

4TH & 4TH BLDG

P ATRIUM 2

6 AVENUE SW

1035 7TH AVE

640 - 5TH AVENUE

THE CHATEAU

715 FIFTH AVENUE

716 - 720 8TH AVE

CARKETEN HOUSE

SERVAL PARKADE

805 5TH AVE SW

P

PARKADE

PLACE 9-6

ATRIUM 1

EXECUTIVE PLACE

RAVVINS

THE MCLEOD

SNC LAVALIN CENTRE

P

P

EDINBURGH PLACE

P

THE AXXIS

P

5 AVENUE SW

5 AVENUE SW

THE BARCLAY

PARK

LONDON HOUSE APTS

555 4 AVE

VACANT

OFFICE

3 STREET SW

HERITAGE PLACE

P

MNP PLACE

THE SUNDANCE

FIVE WEST

UNDERGROUND PARKADE 626 STALLS

PARK 926 5TH AVE

PHILLIPS BLDG

OFFICE

PRINCE' ISLAND PLACE APTS

MACDOUGALL CENTRE

ENMAX SUBSTATION NO 8

P

CANADIAN CENTRE

T H RIM O A US C E

SEPARATE SCHOOL BOARD

P

REST.

LIGHT RAIL TRANSIT

4 AVENUE SW AVATAMSAKA MONASTERY

PARKADE

9 AVENUE SW

P

P

D

CHRISTIAN PUBLICATION

9 AVENUE SW CRYSTAL GLASS CANADA

KENSINGTON HOUSE

P

P

P

6

CPR TRACKS

MEDICAL CLINIC

MOUNTAIN EQUIPMENT CO-OP

999 8 ST. S.W.

P

CASTELLO'S

SPRINT CANADA

FIREHALL NO 2

P

GULF CANDA SQUARE

EIGHTH AVENUE PLACE

P

PLACE 10

P

ALBERTA BOOT FACTORY OUTLET

GLENBOW BLDG

P

JOFFRE PLACE

THE PASERIUM

PARKADE

THE HUDSON

KIPLING SQUARE

SUNRISE SQUARE

BUTCHE

GATEWAY MIDTOWN

WESTCOAST THEATRE BLDG

P

P

PATTISON SQUARE

GENERAL MOTORS BLDG

902 11TH AVE SW

P

PAN-CANADIAN PETROLEUM

P

P

NEWZONES GALLERY

P

TENTH AVENUE HOUSE

901 10TH AVE SW

MCAUTHOR BLDG

ATCO GAS

ASTORIA CONDO DEVELOPMENT

CLASSIC REPRODUCTION

RAM MORTGAGE BLDG

ATCO GAS

P

UPTOWN BOTTLE DEPOT LIGHT SPOT

10 AVENUE SW

P

CONCRETE EQUITIES PLACE

THE SANDPIPER

P

6

THE FOUNDATION BLDG

7

PARKSIDE PLACE

DUFF BLDG

CASTELLO

P

8

SAM LIVINGSTON BLDG

4 STREET SW

FAIRMORE BLDG

5

XENEX

ROBERTS BLK

CLOVER LEAF PLACE

THE CONFEDERATION BLDG

4

FAR WILL SPORT BLDG SWAP BLDG

5 STREET SW

SAFEWAY

DANISH CANADIAN CLUB

THE LORRAINE

3

P

P

6 STREET SW

DOMINION PLACE

HOUSE OF LIGHT

7 STREET SW

2

CANADIAN WESTERN CENTRE

EPIQUE HOUSE

HARVEY BLK

ATCO GAS BLDG

BARNHART APTS

GENESIS CONDOS

P

8 STREET SW

DANA APTS

DAHL-SEN APTS

1

HERITAGE PLAZA

BERTON MNR

CONNAUGHT PLACE

9 STREET SW

11 AVENUE SW

PARK CENTRE

PRESTIGE APTS

ADAIR APTS

MARLHURST APTS

DUFFERIN PLACE

FRANKLIN HSE

RANCHMAN'S CLUB

THE ESTATE TOWER

BRAEMAR PLACE

PLACE CAM HELENE

HULL ESTATES

SUTTON PLACE APTS

PRESIDENT APTS

SWITZER TWONHOUSE

PETROWEST PLAZA

FOUNTAIN COURT APTS

BROMPTON HSE

CALGARY BOARD OF EDUCATION ASHLEY SQ

CONNAUGHT GARDENS

THE DAVENPORT APTS

JULLIARD MANOR

STANFORD COURT

WINDSOR MANOR

12 AVENUE SW

TENNIS COURT

FUTURE DEVELOPMENT

SHELDON CHUMIR

CENTR

MIDTOWN MANOR

CHELSEA HOUSE

WEXFORD

Telus Sky Tower

WHITE WAIN HILLE APTS

ROSEWOOD ESTATES

DUFFERRIN LODGE

WALKER HOUSE

Place 10

CENTRAL

PLACE TOWERS Proceeding

MENDELL MANOR

SHERMAN OAKS

BEULIEU GARDENS

BIRCHWOOD APTS

UNITED CHURCH

THE MONTICELLO

SQ. OFFICE TOWER

MONARCH TOWERS

APTS

THE

BERKENSHAW Under Construction APTS

Proposed FIRST

PARK 300

Barron Building

P

BAPTIST CHURCH

Redevelopment P

K

14 AVENUE SW

ST. JAMES PLACE

BRISTOL MANOR

ALDRIN ST. ELIZ MANOR MORE APTS ROYAL OAKUnder Construction THE CANADIAN Under Construction HOUSE Under Construction Under Under Construction OF OAKSConstruction CHURCH LOUGHEED HOUSE CONDOS RED CROSS HUNGARY HOUSE Eau Claire Tower Eighth Avenue Place Calgary City Centre Brookfield Place 707 Fifth Street SW Phase I GRENFELL West Tower DORCHESTER WESLEY DORCHESTER SQ HOUSE THE P

THE BERKENSHAW HOUSE

STRATTON

THE MOXAM

THE CONGRESS

DONAGH

BARCLAY SQUARE

MADRID

VAN HELDEN BLDG

THE RIVIERA

CAVALIER APTS

13 AVENUE SW

THE PALLISAD

2 STREET SW

RESIDENCES

P

LIVINGSTON PLACE SOUTH

BROADVIEW CENTRE

CALGARY CHINATOWN SENIOR’S CENTRE

HARMONIOUS CENTRE

140 2ND AVE (VACANT)

P

UNITED CHURCH

P

WAI-KWAN MANOR

LIVINGSTON PLACE WEST

CALGARY CITY CENTRE OFFICE TOWER

P

CHOW BLOCK

NG TOWER CENTRE

P

IVE

CHURCH

NE

P

DART COON CLUB

105 CENTRE ST

P

L D R

R

HONG KONG PLAZA

JADE GARDENS

P

P

RIA

IVE

CHINESE SHOPPIONG MALL

P

DAQING AVENUE SW

BOWSIDE MANOR

KWAN BLDG

2

2 AVENUE SW

HOTEL

SIEN LOK PARK

HOME OIL PARKING

P

9

205 RIVERFRONT

P

O

MO

WR

CALGARY CHINESE CILTURAL CENTRE

1886 CAFE

BAR JOEY TOMATOES

BARLEY MILL

ME BO

RIVERFRONT AVE SW

WAH YING MNR

RIVE

RFRO

NT A VE

NUE

SE

SUNLIFE PLAZA

SUNLIFE WEST

ASIA PACIFIC CENTRE

SUNLIFE EAST

RUBY RESTAURANT

P

GOOD FORTUNE PLAZA

THE RIVERFRONT

P

FIRST STREET PLAZA

DRAGON CITY MALL

1 STREET SE

GOVERNMENT OF CANADA HARRY HAYS BLDG

RIVERFRONT POINTE

P

4 AVENUE SW

P

5 AVENUE SW

EAST

NORTHWEST TRAVELERS BLDG

THE BOW

T

CAR RENTAL

CHAMBER OF COMMERCE

BOW VALLEY SQUARE I

10

13

LOUGHEED BLDG

ANNEX PLACE

PLACE

CALGARY

4

HEAGLE BLDG

FITZPATRICK BLDG

PHASE I

CALGARY

POTENTIAL FCC PHASE II DEVELOPMENT

FIRST CANADIAN CENTRE

P

POTENTIAL

BOW PARKADE BROOKFIELD

PHASE II

ADE

HERALD BLDG

TELUS BLDG

7

HANOVER PLACE

TELUS SKY TOWER

TELUS

PARK

BOW VALLEY COLLEGE

P

300 6 AVE SE

P

6 AVENUE SE

POTENTIAL THE BOW BOW SOUTH BLOCK SOUTH (POTENTIAL) BLOCK

RENFREW BLDG

15

BROOKFIELD HERALD

UTILITIES BLDG

INTACT PLACE WEST EAST

TELEPHONE BLDG

6 AVENUE SW

CALGARY POLICE SERVICE

NO. 1 LEGION

PARK

ST. REGIS HOTEL

BOW VALLEY SQUARE IV

CALGARY BOARD OF EDUCATION

LE ROCC BLDG

SUNCOR ENERGY CENTRE

BOW VALLEY SQUARE II

ES

P

D

5 AVENUE SE

BOW VALLEY SQUARE III

ST. FRANCIS CHURCH

EPCOR POTENTIAL PLACE 505 PLACE DEVELOPMENT

P

P

FIRE STATION NUMBER 1

WAYNE BLDG

W

CENTRIUM PLACE

YWCA

LAGIN PLACE

CECIL HOTEL

CECIL BEER/WINE

JAMES SHORT PARK & PARKADE

COURTYARD

11` CALGARY PETROLIUM CLUB

333 5 AVENUE

DELTA BOW VALLEY INN

TELUS TOWER

CATHEDRAL CHURCH OF THE REDEEMER

P

REMAND CENTRE COURT HOUSE

PROVINCIAL COURTS

ROCKY MOUNTAIN COURT

CITY OF CALGARY POLICE HEADQUARTERS

WILLIAM R CASTELL CENTRAL LIBRARY

ROCKY MOUNTAIN PLAZA

P

POLICE PARKING STRUCTURE

STOCK EXCHANGE TOWER

P

CARTER PLACE

CALGARY PLACE I

TRANSCANADA TOWER

TD BANK

4 AVENUE SE

FIFTH AVENUE PLACE WEST

CANADA PLACE

METROPOLITAN CENTRE

FIFTH AVENUE PLACE EAST

CALGARY PLACE II

3 STREET SE

THE WESTIN HOTEL

CITY PLAZA

RETAIL

INTERNATIONAL HOTEL

BP CENTRE

JAMIESON PLACE

CENTRE STREET

SUNLIFE NORTH

PARKADE 200 CARS

THE WESTIN PARKADE

1 STREET SW

WESTIN

3 AVENUE SW

CITY PARKADE 300 STALLS

CITY HALL ADMINISTRATION BUILDING

OLD CITY HALL

3 STREET SE

MACLEOD TRAIL SE

1 STREET SE

DOLL BLDG NEILSON BLK

OLYMPIC PLAZA

TORONTO DOMINION BANK

HYATT REGENCY HOTEL

THOMSON BLK

NORMAN BLOCK

BANK OF MONTREAL

POTENTIAL ROYAL & 8TH AVENUE STREET CENTREBANK SW

TELUS CONVENTION CENTRE

CALGARY MUNICIPAL BUILDING

P

LE GERMAIN

CALGARY MARRIOTT HOTEL

GLENBOW MUSEUM

P

P

BURNS BLDG

CALGARY CENTRE FOR THE PERFORMING ARTS

CIVIC PLAZA UNDERGROUND PARKADE 500 STALLS & SURFACE PARK

EDWARDS PLACE

ENCANA PLACE

CALGARY PUBLIC BLDG

TELUS CONVENTION CENTRE

RETAIL

CENTRE STREET

P

BANKERS COURT

ALBERTA HOTEL

WARD BLK CIBC

ALBERTA BLOCK

STEPHEN AVENUE

FLAMES CENTRAL

1 STREET SW

BANKERS HALL EAST TOWER

12

CLARENCE BLOCK

P

STEPHEN AVENUE ALBERTA TREASURY BRANCH

ALBERTA GRAIN EXCHANGE BLDG

BANKERS HALL WEST TOWER

KRAFT BLDG

LEESON & LINEHAM BLOCK

VENINI BLDG

CIBC BLDG

SCOTIA CENTRE

2 STREET SW

ROYAL BANK BLDG

4TH LEVEL

HOLLINGSWORTH BLDG

HOME OIL TOWER

DEVONIAN GARDENS

LANCASTER BLDG

ETAIL CORRIDOR)

P

MOLSON’S BANK

HUDSONS BAY COMPANY

RETAIL

BIBLE HSE WILMAN HSE

CENTRAL UNITED CHURCH

SCOTIA CENTRE

PAIN BLK BANG & OLUFSEN BANK OF NOVA SCOTIA

TORONTO DOMINION SQUARE

DELAWARE BLDG

LIGHT RAIL TRANSIT DOME TOWER

SALVAT CENTRE

P

9 AVENUE SE

9 AVENUE SW PENN WEST PLAZA WEST TOWER

POTENTIAL PALLISER PALLISER SQUARE WEST OFFICE DEVEL. - WEST BLDG

PENN WEST PLAZA EAST TOWER PALLISER HOTEL

PRIVATE CAR SHELTER (CP RAIL)

POTENTIAL PALLISER ONE PALLISER SQUARE CALGARY SQUARE TOWER DEVEL. - EAST

FORDING BLDG

P

P

P

AT&T CANADA

P

P

P

PALLISER PARKADE 1,280 STALLS

PALLISER SOUTH

10 AVENUE SW

CLENNAN SQUARE

P

TRANSALTA PLACE II

14

13

MERCHANDIZING MART

KEYNOTE

12 AVENUE SW

DEBRA LEE APTS

GLEN APTS

APTS

PARIS APTS HENDRIX APTS

BOARDWALK APTS

HAMILTON TERRACE

Palliser Square

ALBERT APTS

Proposed HAULTAIN

OF CalgarySCHOOL City FINE ARTS Centre

Phase II

VICTORIA SQUARE

P

16

17

FUTURE DEVELOPMENT

P

P

13 AVENUE SE

ProposedCOLOURS UNION SQUARE

Brookfield Place Phase II UNDERWOOD BLK

Proposed

Proposed P

505 Place

8th Avenue &

BERNARD CALLEBAUT CHOCOLATES

BALMORAL Centre MANORStreet SW

POLO TERRACE FINDLAY APTS

14 AVENUE SW

15

LIGHT RAIL TRANSIT

ARBY'S

AULL BLK

CUNNINGHAM BLK

PARK ESTATES

RESIDENCES AT HOTEL ARTS

CENTRE TWELVE

13 AVENUE SW PARK Proposed PLACE

RIBTOR II

12 AVENUE SE HOTEL ARTS

RADIO BLK

ODDFELLOW REBEKAH TOWER

MEMORIAL PARK LIBRARY

BELTLINE POOL

RIBTOR

3 STREET SE

12

P

MACLEOD TRAIL SE

TRANSALTA PLACE I

1 STREET SE

ALBERTA POWER POOL

1 STREET SW

11

DIRECT ENERGY

CENTRAL PARK PLAZA

RAL MEMORIAL PARK

DES

10

LOUISE BLOCK

CURTIS BLK

P

NEWALTA IBM BUILDING

CENTRE STREET

P

P

ALBERTA TRADE CENTRE

11 AVENUE SE

MANHATTAN LOFTS

MASONIC TEMPLE

9

CENTRAL PARK PLAZA

2 STREET SW

CIBC SERVICE CENTRE

OFFICE BLDG

P

305 10 AVE SE

BRAEMAR BUILDING

CUSTOMS BLDG

11 AVENUE SW THREE THREE THREE

BROWNSTONES

DENCOR BLDG

WESTERN BLK

P

FUTURE DEVELOPMENT

EASTERLY BLOCK

LEWIS LOFTS

MEG PLACE

THE SEED

SONY OF CANADA

THE VINTAGE

BROMLEY SQUARE

BROMLEY SQUARE

GOVERNMENT OF CANADA

THE VINTAGE II

PARKADE

P

MACOSHAM PLACE

P

P

PARAMOUNT LIFE BLDG

ER BLOCK

ELECTRIC SUBSTATION NO 5

10 AVENUE SE

LEGACY SAVINGS & CREDIT UNION

GULF CANADA PARKADE 1,500 STALLS

MOUNT ROYAL HOUSE

PALLISER LOW RISE/COMMERCIAL

LALLAN APTS

Proposed

Proposed

The Bow - South

608 7th Street

NUERA

STAMPEDE STATION

Proposed

Proposed

P First Canadian Centre Century Gardens

Phase II

Office Tower

MARCH 2014

SKYLINE REVIEW

an analysis of Calgary’s downtown office towers

DOWNTOWN OFFICE LEASING TEAM Jim Rea

403 215 7250

jim.rea@colliers.com

Randy Fennessey

403 571 8762

randy.fennessey@colliers.com

Doug May

403 215 7254

doug.may@colliers.com

Warren Hedges

403 298 0411

warren.hedges@colliers.com

Aly Lalani

403 298 0410

aly.lalani@colliers.com

Kevin McGillis

403 571 8758

kevin.mcgillis@colliers.com

David Harvey

403 215 7258

david.harvey@colliers.com

Sharma Christie

403 215 9864

sharma.christie@colliers.com

Dan Lannon

403 215 9865

dan.lannon@colliers.com

Jeremy Berman

403 571 8826

jeremy.berman@colliers.com

Todd Sutcliffe

403 298 0414

todd.sutcliffe@colliers.com

Leigh Kirnbauer

403 298 0408

leigh.kirnbauer@colliers.com

Derek Wiens

403 298 0415

derek.wiens@colliers.com

Scott Haffner

403 298 0405

scott.haffner@colliers.com

Kelly Falconi

403 538 2520

kelly.falconi@colliers.com

Andrew Dickson

403 571 8828

andrew.dickson@colliers.com

Ashley Roberts

403 215 9866

ashley.roberts@colliers.com

Craig Hulsman

403 571 8829

craig.hulsman@colliers.com

Jason Isfeld

403 538 2527

jason.isfeld@colliers.com

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