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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