Studying the impact of COVID-19 on the Commercial Real Estate Industry

The Calgary Commercial Real Estate industry needs an updated economic impact analysis. Since the last analysis, more than 10 years ago, much has changed in the market. The COVID-19 pandemic and a sustained slump in the price of energy have impacted lease and vacancy rates.

Through an economic impact analysis, this study will establish a baseline understanding of the current state of commercial real estate in Calgary. The research will be used to guide policy and legislation within the industry, and with decision-makers.

BOMA Calgary is also undertaking a comprehensive survey of the perceptions and attitudes of commercial landlords and tenants, which will feed into this study.

In the short term, BOMA Calgary aims to create a road map to recovery, identifying and keeping track of key data points over time. In the long term, they aim to establish a census-style research database. This research will extend to Edmonton in partnership with BOMA Edmonton, with plans to expand to the broader commercial sector in Alberta.

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Real Estate Leadership – Advance the real estate industry as it recovers from the COVID-19 pandemic through research and/or implementation of policy, practices, or educational initiatives.

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Real Estate Leadership: Build and elevate the capacity of real estate and related professionals to keep pace with the massive changes facing the real estate industry today and into the future.


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Building Owners and Managers Association (BOMA)

Founded in 1907, the Building Owners and Managers Association (BOMA) International is a federation of U.S. local associations and global affiliates.