Downtown Calgary is on the rebound: CBRE Canada Market Outlook 2024 – Calgary [Video]

The CBRE Real Estate Market Outlook says downtown Calgary is poised for big things in 2024. But nobody had to tell that to Avatar Innovations CEO and co-founder Kevin Krausert and the Energy Transition Centre.

“You can feel it in the vibe that is happening downtown. The Energy Transition Centre is full. There is a waiting list to get in now. We are looking at expansion,” Krausert said.

In the energy capital of Canada, energy technology is the new leader, says Krausert. The Energy Transition Centre brings together innovators, researchers and investment in the ongoing quest to reduce emissions and find net zero by 2050.

“If you ever want a technology to get to market, you need to be able to find a customer and Calgary’s oil and gas skyscrapers are filled with customers.”

The CBRE’s Market Outlook for 2024 shows the downtown vacancy rate will to drop to 27.9 per cent, down from 2o23 and the historic high …