Tag: impact of cheap oil
How The Oil Bust Is Crushing The Office Real Estate Market
Commercial real estate, particularly office space, in Calgary, Alberta, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate. As companies in the oil & gas sector have downsized or gone out of business, 25,000 people who used to work downtown have lost their jobs. Office vacancy rates […]
