Snapshot Q1 2021

May 17, 2021

Place Construction begins on public space and Eau Claire Project facts: flood resiliency projects in Eau Claire ƒ ~$59 million invested in Eau Claire Enabling work began in March to prepare for construction area public space and flood of the Eau Claire Promenade/Downtown Flood Barrier, resiliency projects between redesigned Eau Claire Plaza, and the replacement of the 2020 and 2023 Jaipur Bridge. The projects combine flood protection, lifecycle improvements, enhanced safety measures, and the goal of building more resilient and vibrant downtown communities for the people who live, work, visit and travel the area. Construction will kick into full gear later this spring, with all three projects completed in 2023. Source: The City of Calgary

Work Infosys creating 500 new tech jobs downtown Infosys facts: Infosys, a global leader in next-generation digital services and ƒ Infosys works in 46 countries and consulting, announced in March that it will create 500 jobs in has 250,000 employees worldwide downtown Calgary as part of its commitment to double its ƒ Infosys is hiring tech talent from Canadian workforce to 4,000 employees by 2023. Infosys 14 Canadian post-secondary currently has fewer than 10 employees in Calgary and an institutes, including the University expansion here enables the company to expand work with of Calgary and the Southern Institute of Technology clients in , the Central U.S. and Pacific Northwest across natural resources, energy, media, retail and communications.

Source: Calgary Economic Development

Live Inaugural Chinook Blast lights up Downtown Chinook Blast facts: Chinook Blast, Calgary’s mid-winter roundup, welcomed ƒ 120+ local artists featured and Calgarians outside to enjoy Calgary as a winter city. This year’s included Blast included a series of outdoor art, light, and cultural displays ƒ 10 founding civic partners that Calgarians could experience safely with their family cohort. ƒ Supported 17 BIAs Local artists illuminated winter weekend nights in February at ƒ 50+ local businesses participated the Chinook Blast Hub, an outdoor art park running from the ƒ 391,903 people attended East Village through the downtown core and into Chinatown, ƒ $3.35 million in economic impact as well as a number of partner sites around downtown Calgary. and directly supported the This included Kensington Love, Northern Reflections in equivalent of 21 full time jobs Inglewood, Fort Chinook in Victoria Park, and the Chinatown Ice Sculpture Showcase. Source: Chinook Blast

Connect Adaptive Roadways return to make it Adaptive roadway facts: easier to move safely ƒ 7 adaptive roadways currently To help provide Calgarians with the space needed to safely open around Calgary walk, run, skateboard and cycle during the COVID-19 Downtown Adaptive pandemic, The City of Calgary has brought back the Adaptive roadways include: Roadways Program for 2021. Under the program, road lanes ƒ Bridge Lower Deck are closed to motor vehicle traffic so they can be used by (7 days/week) people who are walking, running, cycling and rollerblading. ƒ 4 Avenue S.W./ Connector These roadways provide spaces for citizens to remain active (Weekends only) and explore the city, while physically distancing to create ƒ 7.25 km of adaptive roadways more safe spaces for movement. throughout Calgary ƒ 1.25 km of adaptive roadways downtown

Source: The City of Calgary 20-0006260-9023

1 of 3 State of Calgary’s Economy

Calgary’s Downtown is the Population Jobs GDP Growth core of our city’s vibrancy and 1,306,700 846,100 -5.4% economic resilience Source: Population and GDP Growth - Forecast Fall 2020 Economic Update, Corporate Economics, The City of Calgary; Jobs - Average January-March 2021, Statistics Canada

Place Construction Value Building Permits $360 million 144 Downtown & Average Downtown Beltline Office Sales Office Net Rental Rate $1.435 million $11.46/sq. ft.

Source: Calgary Growth Strategies and Assessment, The City of Calgary; CBRE

Work Office Downtown & Beltline Absorption Volume Office Supply Downtown 49,661,439 -1,245,025 sq. ft. sq. ft. Vacancy Beltline 31.97% -52,567 sq. ft.

Source: Assessment, The City of Calgary; CBRE

Live Bike Score® 50/100 84/100 90/100 Bike Score® Bike Score® Bike Score® for Calgary for Calgary for Beltline Downtown

Walk Score® 39/100 91/100 91/100 Walk Score® Walk Score® Walk Score® for Calgary for Calgary for Beltline Downtown Source: Bike Score®

Connect Posts across platforms Calgary Internet 2,649 Exchange (YYCIX) Q1 2021 Data #downtownyyc Transfer Peak 52 GBS

Source: Social Studio; YYCIX

2 of 3 Downtown Calgary Snapshot: Glossary

Downtown Calgary Downtown & Beltline For more information regarding the Walk Average Office Net Rental Rates Score ® Methodology, please visit https:// and Elbow Rivers bind Calgary’s A weighted average of head lease rates www.walkscore.com/methodology.shtml Downtown to the north and east and per square foot across all building classes 17 Avenue to the south and 14 Street to ‚ Reporting Period: Annually, Q1 2021 in a given location (such as Downtown Data Source: Walk Score ® the west. It includes communities such or Beltline). This rate is exclusive of as the Downtown Commercial Core, building costs such as operating costs and Bike Score ® is an online, independently East Village, Beltline, Downtown West End, property taxes. calculated bikeability index that measures Eau Claire and Chinatown. ‚ Reporting Period: Quarterly, Q1 2021 whether an area is good for biking. A ‚ Data Source: CBRE Bike Score is calculated by measuring State of Calgary’s bike infrastructure (lanes, trails, etc.), hills, Economy Downtown & Beltline Office Sales destinations, road connectivity, and the Total value of office sales. number of bike commuters. Score are Gross Domestic Product (GDP) Growth ‚ Reporting Period: Quarterly, Q1 2021 given out of 100. Measure of the value of final goods and ‚ Data Source: Assessment, For more information regarding the services produced by the economy within The City of Calgary Bike Score ® Methodology, please visit the Calgary Economic Region. https://www.walkscore.com/bike-score- ‚ Reporting Period: Semi-annually, methodology.shtml Forecast, September 2020 Work ‚ Reporting Period: Annually, Q1 2021 ‚ Data Source: Statistics Canada; ‚ Data Source: Bike Score ® Stokes Economics; Fall 2020 Outlook, Office Absorption Volume Corporate Economics, The City of Calgary The net change in occupied space, measured in square footage, over a specified time Connect Jobs frame, and takes into consideration Estimate of the number of employed newly constructed space. Commonly it people in the Calgary Economic Region. #downtownYYC is reported from one quarter to the next Number of reported tweets using the ‚ Reporting Period: Quarterly, Q1 2021 (for example, from Q4 2020 to Q1 2021). #downtownYYC hashtag on Twitter and ‚ Data Source: Statistics Canada; Corporate ‚ Reporting Period: Quarterly, Q1 2021 Instagram during the reporting period. Economics, The City of Calgary ‚ Data Source: Assessment, Cities across the world are recognizing Population The City of Calgary the power of social media, hashtags Estimate of the number of inhabitants in Office Supply and placemaking. This insight helps us the city of Calgary. Total square footage of rental space understand where and how Calgarians ‚ Reporting Period: Annually, 2020 in office properties, regardless of connect with their downtown. This data ‚ Data Source: Statistics Canada; Stokes occupancy or vacancy. comes from third party software program, Economics; Fall 2020 Outlook, Corporate Social Studio, and is able to track growth ‚ Reporting Period: Quarterly, Q1 2021 Economics, The City of Calgary over time. ‚ Data Source: CBRE ‚ Reporting Period: Quarterly, Q1 2021 Place Office Vacancy ‚ Data Source: Social Studio Percentage of unoccupied space available to rent in office properties. Calgary Internet Exchange (YYCIX) Building Permits Q4 Data Transfer Peak ‚ Reporting Period: Quarterly, Q1 2021 Number of building permits issued. Represents the peak data transfer volume ‚ Data Source: CBRE through the Calgary Internet Exchange ‚ Reporting Period: Quarterly, Q1 2021 during the reporting period. ‚ Data Source: Calgary Growth Strategies, The City of Calgary Live For more information regarding the Calgary Internet Exchange (YYCIX), Construction Value Walk Score ® is an online, independently visit yycix.ca Value of building construction permits calculated walkability index that scores ‚ that were issued. Reporting Period: Quarterly, Q1 2021 neighbourhood walkability based on a ‚ Data Source: YYCIX ‚ Reporting Period: Quarterly, Q1 2021 number of metrics, including walking ‚ Data Source: Calgary Growth Strategies, routes to nearby amenities, distance, The City of Calgary population density, block length and intersection density. Scores are given out of 100.

3 of 3