The Orchard

The Orchard

What is to be done about Calgary's downtown vacancies?

With almost one-third of office space downtown empty, the city is doing what it does best — subsidizing developers

Jeremy Appel's avatar
Jeremy Appel
Oct 13, 2021
∙ Paid

Anyone who lives in Calgary knows the city has faced a downtown office vacancy crisis since oil prices crashed six years ago, with about one-third of office space in the heart of the city sitting empty.

This isn’t just about empty office towers — the property taxes the city foregoes from the vacancies necessitate service cuts or tax increases elsewhere,…

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