Oil and gas sector’s impact on Alberta’s commercial real estate markets

Oil and gas sector’s impact on Alberta’s commercial real estate markets


March 2015

As an important Canadian resource industry and the primary driver of the Alberta economy, the energy sector, with its rising and falling fortunes, has a critical effect on the province's commercial real estate markets. Demand from energy companies, as well as secondary and tertiary industries, for office and industrial space is a major component of commercial market dynamics across Alberta, and especially in the key urban centres, Calgary and Edmonton.

Keywords: Energy, Economy, Resource, Price, Vacancy, Pipeline

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