- The Calgary downtown office market experienced just over 100,000 sq. ft. of negative absorption in Q4 2017, concluding a relatively flat second half of the year.

- The majority of space given back to the market came from consolidation efforts by a few large tenants.

- Since the inception of the oil and gas recession, there has been over three million sq. ft. of new supply added to the market, adding additional upwards pressure on vacancy.

- Looking forward, operating costs are expected to decrease in 2018.

- Smaller deals under 15,000 sq. ft. made up the majority of this quarter's market activity.