Calgary Downtown Office Market

Research & Forecast Report Accelerating success. CALGARY DOWNTOWN OFFICE MARKET

Third Quarter 2018 Market Overview value proposition offered by the downtown office market and its landlords. Most notable would be The downtown Calgary office market continued to Parkland Fuel Corporation’s recent lease of 116,000 show signs of modest improvement over the summer square feet in BP Centre for their headquarters months and for the third straight quarter the market consolidation and relocation from northeast Calgary. experienced positive absorption. Total absorption in There are currently other significant sized suburban the downtown office market was 278,385 square tenants that are reviewing moves downtown which feet through the third quarter of 2018, which is the will have a positive impact on this market moving strongest quarterly performance Colliers has tracked forward. since early 2014. Even with the addition TELUS Sky to the downtown inventory (461,000 SF), the overall Market Trends vacancy rate remained virtually unchanged at 26.82%. This brings a welcome end to the latest Tenant movements out of the Class B market development cycle that has delivered over 4.6 million accelerated over the quarter resulting in the vacancy square feet to this market over the past five years. rate climb to 42.3%, up from 38.0% the previous The year-to-date total absorption is now at 573,766 quarter. There is currently more than 3.5 million square feet which is in line with Colliers long-term square feet of vacant space in the Class B market absorption averages. versus 2.9 million a year ago. By contrast, the Class AA market has seen its vacancy rate steadily drop Strengthening demand has been bolstered by over the year and now sits at 20.42% while year-to- suburban tenants who have taken advantage of the date absorption in Class AA has reached a notable 720,383 square feet.

Breakdown of Downtown Calgary Office Vacancy By Class Headlease & Sublease Comparison BUILDING CLASS TOTAL INVENTORY HEADLEASE AVAILABILITY SUBLEASE AVAILABILITY TOTAL AVAILABILITY

Q2 2018 Q3 2018 Q2 2018 Q3 2018 Q2 2018 Q3 2018 Q2 2018 % Q3 2018 %

AA 16,395,629 16,856,813 989,210 1,342,962 2,589,083 2,098,409 3,578,293 21.82% 3,441,371 20.42%

A 13,738,290 13,738,290 1,954,879 2,061,784 1,142,313 950,398 3,097,192 22.54% 3,012,182 21.93%

B 8,355,996 8,290,285 2,948,185 3,386,519 223,978 117,279 3,172,163 37.96% 3,503,798 42.26%

C 5,329,279 5,329,279 1,711,126 1,724,054 183,385 177,842 1,894,511 35.55% 1,901,896 35.69%

Total 43,819,194 44,214,667 7,603,400 8,515,319 4,138,759 3,343,928 11,742,159 26.80% 11,859,247 26.82%

Q3 2018 Absorption: 278,385 SF Source: Colliers Research Q3 2018

1 Research & Forecast Report | Third Quarter 2018 | Calgary Downtown | Colliers International Another trend that accelerated over the past quarter was the continuing shift toward headlease vacancy Summary Statistics in the market. In the third quarter of 2018 headlease Downtown Office Market Q2 2018 Q3 2018 Trend space represented approximately 71.8% of all vacancy, up a full 7% from the previous quarter. OFFICE INVENTORY 43,819,194 44,214,667 With this change toward more landlord control of NET ABSORPTION 113,962 278,385 vacant space Colliers has noticed more consistency in pricing, overall offering and modest firming of VACANCY RATE 26.80% 26.82% expectations. Colliers is also continuing to see AVERAGE ASKING NET RENT $14.00 $14.00 landlords looking to make substantial capital (‘A’ CLASS BUILDINGS) investments in aging office assets to better position AVERAGE ADDITIONAL RENT $20.50 $20.50 them within the leasing market. The most recent (‘A’ CLASS BUILDINGS) example of this is Slate Asset Management’s plan to put significant capital into the redevelopment of Stephen Avenue Place (the former Scotia Centre).

Total Inventory & Occupied Space Calgary Downtown Oce

45 Q3 2014 OCCUPIED SPACE 37,333,600 SF Q3 2009 OCCUPIED SPACE 40 31,123,546 SF Q3 2018 OCCUPIED SPACE Q1 2007 32,355,420 SF OCCUPIED SPACE 33,214,742 SF (MILLIONS)

SQUARE FEET SQUARE 35

30 Forecast per Year

*Absorption: 500,000 SF

25 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Source: CMN Calgary Inc.

OCCUPIED SPACE TOTAL INVENTORY

2 Research & Forecast Report | Third Quarter 2018 | Calgary Downtown | Colliers International Economic Outlook

The Canadian oil and gas industry continues to face bbl./day. LNG Canada’s positive final investment significant headwinds but there are perhaps more decision on the Kitimat LNG export terminal is very notes of optimism in the air. Unusually wide welcome news within the energy industry. While differentials between WCS and WTI have persisted this recent announcement won’t have much near and Alberta oil throughout the third quarter was term impact on the downtown office market, it selling for US$30-US$35 per barrel less than world certainly is a positive nonetheless. With approval of prices. While WCS (US$/bbl.) has increased 26.1 % this project, both regulatory and financially, overall from a year ago it has unfortunately not matched the confidence will boost and start freeing up the much 41.7% increase in WTI (Aug, 2017 - Aug, 2018). needed capital flows into the Canadian oil and gas There is hope that these differentials will moderate industry and the Alberta economy. as refining capacity comes back on stream and oil-by-rail continues to increase toward 400,000

Composition of Headlease Vacancy January 1st 2013 - September 30th 2018 AS AT SEPTEMBER 30TH 2018 AA 1,342,962 SF 7.97% 40 AS AT APRIL 30TH 2015 A 2,061,784 SF 15.01% AS AT JANUARY 1ST 2013 AA 237,118 SF 1.66% B 3,386,519 SF 40.85% AA 53,948 SF 0.40% A 858,280 SF 6.46% C 1,724,054 SF 32.35% 35 A 250,693 SF 1.89% B 838,990 SF 9.70% B 341,519 SF 3.91% C 559,604 SF 13.24% C 395,149 SF 8.33% 30

15 Headlease Vacancy Rate Headlease Vacancy 10

0 2013 2014 2015 2016 2017 2018

BUILDING CLASS AA A B C

3 Research & Forecast Report | Third Quarter 2018 | Calgary Downtown | Colliers International Notable Transactions Company Building Address Approx. Area (SF)

1. Parkland Fuels Ltd BP Centre 240 - 4th Avenue SW 116,000 SF

2.* Telus F1RST Tower 411 - 1st Street SE 85,000 SF

Livingston Place - 3. MLT Aikins 222 - 3rd Avenue SW 32,000 SF South Tower Eighth Avenue Place - 4.* Packers Plus 525 - 8th Avenue SW 24,000 SF East Tower Sun Life Plaza - East 5. Aviva Insurance 112 - 4th Avenue SW 15,000 SF Tower *Transactions that Colliers was involved in.

Historical & Projected Vacancy 2010-2019 New Oce Development, Annual Absorption & Vacancy Rates DOWNTOWN OFFICE MARKET

3,000,000 30% 26.82% 2,500,000 Q3 2018 26.60% 24.80% 2,000,000 Q4 2016 25% 25.47%

1,500,000

1,000,000 20%

18.11% VACANCY RATE 500,000 Q4 2015 15.22% 0 15%

-500,000 12.70% 11.97% SQUARE FEET SQUARE -1,000,000 10% Q3 2018 Absorption 8.52% 278,385 SF -1,500,000 Q4 2014 7.27% Q4 2013 -2,000,000 5% 4.49% Q4 2011 3.68% FORECAST -2,500,000 Q4 2012

-3,000,000 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

NEW OFFICE HISTORICAL & VACANCY RATE DEVELOPMENT PROJECTED ABSORPTION

4 Research & Forecast Report | Third Quarter 2018 | Calgary Downtown | Colliers International 9 STREET NW

Development Cycle GLENWOODMANOR

Centennial Place East & West BOW RIVER DISCOVERY Development(s) HILL

310-314 CALGARY DOWNTOWN MAP 321 NW ST 10 Eighth Avenue Place - East Tower 10 ST NW 1 AVENUE NE BROKEN PLATE RIVER RUN CONDO’S HILL LEGEND HOUSE 2,260,688 SF 301 HOLLY Square Footage 10 ST NW PARK

233 YARD

2010 MEMORIAL DRIVE NW PRINCE'S ISLAND ESTATES UNDER CONSTRUCTION COMMERICAL

YEOMAN'S MARSH ROAD NE 500 HOLLY Annual Absorption 1,871,708 SF EAU CLAIRE POINT PEACE BRIDGE FUTURE/POTENTIAL COMMERICAL SITE THE

PRINCETON

10 STREET NW STREET 10 WATERFRONT MANOR EAU CLAIRE CONDOS COMMERCIAL HOWIE HELIPORT YMCA MEREDITH BLDG CENTRE STREET BRIDGE STREET CENTRE ST VLADIMIR'S 211 EAU CLAIRE MARKET UNDER CONSTRUCTION RESIDENTIAL UKRAINIAN 10 ST NW MEMORIAL DRIVE NE ORTHODOX

130- 148 10 ST NW ST 10 148 130- CHURCH

BARCLAY PARADE BARCLAY CAFE Development(s) No New Developments THE EAU CLAIRE AVENUE SW 1886 BOW RIVER

P CONCORD RIVERFRONT AVE SW FUTURE/POTENTIAL RESIDENTIAL SITE MEREDITH ROAD NE

MILL BARLEY 1 AVENUE SW RESIDENTIAL

MILLENIUM SIEN LOK PARK 205 Square Footage N/A CALGARY

SHERATON JOEY TOWER CHINATOWN

EAU CLAIRE CENTRE SENIOR’S

2011 TOMATOES EAU CLAIRE P P P RIVERFRONT KENSINGTON NW ST 10 126 - 106 APTS BOW GATE LA CAILLE CLAIRE COVERED SURFACE PARKING BOWSIDE RESTAURANT ESTATES JOE P BLDG MANOR

PHILLIPS

LA CAILLE 116 140 P N.W. LRT BRIDGE

2,823,902 SF CAILLE LA Annual Absorption CONDOS CENTRE

2 AVE SW AVE 2

CENTRE

2 AVE SW HONG KONG

UNITED

ON THE PARKE THE ON

CHURCH + 15 WALKWAY

HARMONIOUS BROADVIEW PLAZA 2 AVENUE SW 2 AVENUE SW DAQING AVENUE SW 2 AVENUE SW FUTURE +15 WALKWAY CHOW EAU CLAIRE THE POINT 735 CENTENNIAL PLACE NG BLOCK

123

119 CILTURAL CENTRE CILTURAL

LOOKOUT CHINESE CALGARY

REST. ON THE BOW 2ND ST EAU CLAIRE MANOR WAI-KWAN TOWER 129

SAHARA

2 AVE SE AVE 2 MANOR SE AVE 2 SHAW LIVINGSTON CENTRE SE AVE 2 BLDG

KWAN

CHINESE COURT PLACE CHURCH

WEST CALGARY 207 207 2 STREET SW STREET 2 5 STREET SW STREET 5 CALGARY TOWER WEST PENTACOSTAL 1 ST SE CITY 200-218 EAU CLAIRE CITY ST CENTRE Development(s) The Bow TOWER DEVON TOWER CENTRE 116 RIVERFRONT AVENUE SE LIBERTE EAU EXEC- HOTEL LIVINGSTON WAH PRINCE'S CROSSING SUITE RESIDENCES 3 AVE SE 7 STREET SW STREET 7 PLACE SOUTH YING

114

HILLHURST BRIDGE CLAIRE MALL BARCLAY 100-6 110 6 STREET SW STREET 6

233 EAST MNSCLASS138 LEGEND

COURT TENNIS 5 HARVEST 3 AVE SE3 AVE SE

3 AVE SW AVE 3

CENTRE

TRINITY TOWER

3 AVE SE CHURCH

P FAR EAST PARK

SHOPPING P PLAZA ST CENTRE LUTHERAN APTS

Square Footage 1,940,000 SF 4 AVE FLYOVER 3 AVENUE SW 3 AVENUE SW AA A B C 302 LIVINGSTON EAU CLAIRE MCDOUGALL PARKADE SUNLIFE 3 AVE SE

8 STREET SW STREET 8 SONOMA PAVILLIONS GOOD 2012 POTENTIAL EAU CLAIRE NORTH THE PLACE HOUSE RETIREMENT OF EAU CLAIRE HOUSE CHURCHILL 615 PARKADE 115-119 308 FORTUNE RESIDENCE ESTATES BENTALL 3rd AVE PLACE I P THE WESTIN 200 CARS RIVERFRONT P KENNEDY SITE P PARKADE 3 AVE SW CITY 310 PLAZA 123 SW II PLACE PLAZA 119 GOVERNMENT OF CANADA

WESTIN

3 AVE SE Annual Absorption 1,999,503 SF CLAIRE EAU BP 312 RIVERFRONT 403 SHELL SE AVE 3 HARRY HAYS BLDG CENTRE POINTE RIVERFRONT CENTRE P AVE SE P SUNLIFE NEFF UNITED 512-528 4 AVE SW LOUISE STATION PLACE ALBERTA BIRCHCLIFF REGENCY (RETAIL) THE WESTIN PLAZA 316 - 3 ST SE ALTIUS ASIA SE STREET 1 HOUSING APTS MCFARLANE ENERGY HOTEL SUNLIFE FIRST (BOOKER’S BBQ P SERVICES TOWER SUITES CENTER SW STREET 1 SUNLIFE PACIFIC DRAGON CITY MALL WEST STREET CENTRE P BUILDING JAMIESON HOTEL STREET & CRAB SHACK)

DEVELOPMENT PLACE LAND TITLES EAST CENTRE OPTIMA P REST. PLACE PLAZA

CAESAR’S INTERNATIONAL 4 AVENUE SW 4 AVENUE SW 4 AVENUE SE R E LORRNELPOTENTIAL PHILLIPS V AVATAMSAKA CANADIAN PBA LONDON 4TH FIFTH AVENUE CECIL O Development(s) No New Developments BDG 619 SELKIRK Y CENTRE PRINCE'S ISLAND HOUSE APTS CALGARY PLACE WEST HOTEL DROP-IN CENTRE L MONASTERY ENMAX DEVELOPMENT 621 & 4TH CANADA PLACE APTS 4 AVE SW HOUSE F

REST. PLACE II P SUBSTATION NO 8 SITE BLDG METROPOLITAN PLACE SE

4 AVE SW PLACE DELTA BOW 410 6 ST CENTRE P R F1RST VALLEY INN T N NORTHLAND TOWER PARK PARK JAMES SHORT PARK P YWCA O

LAGIN PLACE CECIL T P & N

TOWER O CENTRE THE UNDERGROUND BEER/WINE DM Square Footage N/A PLACE HERITAGE AQUITAINE 520 TD PLACE EAST E CATHOLIC MACDOUGALL PARKADE FIVE FIVE SUNDANCE PRINCE CHEVRON FIFTH AVENUE

TRANSCANADA 926 PLACE 640 5TH AVE BANK CALGARY STOCK SE STREET 3 SCHOOL WEST WEST 800 - 5TH ROYAL SUITES TOWER PLAZA 444 (880 STALLS) P CENTRE AVE SW 5TH AVE SW PLACE I EXCHANGE LIGHT RAIL TRANSIT RAIL LIGHT HOTEL ROSLYN COURTYARD 1040 5 AVE TOWER FIRE STATION 6225th WAYNE 5 AVE SW Ave SW BLDG BLDG NUMBER 1 2013

5 AVENUE SW 3 STREET SW Annual Absorption -1,576,727 SF 5 AVENUE SW 5 AVENUE SW 5 AVENUE SE 5 AVENUE SE 921 441 933 THE FIFTH & FIFTH 5TH AVE PROSPECT WEST SUNCOR 503 5TH AVE 5TH AVE SERVAL 715 FIFTH 639 PLACE BOW VALLEY BOW VALLEY ENERGY BOW 909 5th ATRIUM 1 805 P PARKADE CHATEAU BLDG FIVE TEN 333 CALGARY SQUARE III SQUARE II EAST P Ave SW 5TH AVE SW AVENUE 5 AVE SW FIFTH BLDG PETROLIUM CENTRE PROFESSIONAL PARK 507 FIFTH 5 AVENUE

& THIRD & KNOX CLUB CENTRE BOW SE RIVERFRONT POTENTIAL HALL VALLEY THE OXFORD TOWER THE BOW COLLEGE 1078 SHELBOURNE DEVELOPMENT NORTH EVOLUTION 6 AVE SW 404 6TH 300 CAMPUS THE THE ATRIUM 2 736 PACIFIC 66 PETEX CALGARY CENTRIUM 6 AVE SE BARCLAY MCLEOD PLACE 9-6 P 800 BANTREL NEW BRADIE SW STREET 4 Ave SW PLACE P CARKETEN SIXTH PARKADE TOWER OFFICE PARKADE BLDG HOUSE REST BOW VALLEY PARK CAR

OF EDUCATION 1010 PLACE SIXTH TWIN BLDG P CONDO ODDFELLOWS CALGARY BOARD HOUSE BLDG SQUARE IV BOW VALLEY RENTAL MEWATA STATION OILS CHURCH

1106 6 AVE SW P P EDINBURGH DEV P BUILDING

Eighth Avenue Place - West Tower BLDG ITHACAN SQUARE I Development(s) UNITED KNOX 6 AVENUE SW 6 AVENUE SW 6 AVENUE SW 6 AVENUE SE

P 606 CALGARY TARJAN POINTE THE THE BRITANNIA P BROOKFIELD 841,000 SF ALPINE FORD Fourth INTACT PLACE LOUGHEED HANOVER POLICE REMAND Square Footage AXXIS PLACE CONCORDE SUN AMEC POTENTIAL BLDG WEST PLACE SERVICE ROCKY MOUNTAIN PROVINCIAL

1011 EAST PLACE

EAST BLDG TOWER PARKADE BLDG PLACE CENTRE

DIAL PLACE 608 P CHURCH

CARTER COURTS

P WEST

6 AVE SW AVE 6

TOWER BLDG COURT PLACE

TOWER BLDG BOW VALLEY DEVEL SURFACE PARK & 157 PHASE II THE BOW FRANCIS ST. COURT 431

UTILITIES PARKADE 2014

PARKADE COURT 6 AVE SE EXECUTIVE STALLS BROOKFIELD HOUSE COLLEGE HOUSE UNDERGROUND TELEPHONE SOUTH PARKADE PLACE SOUTH THE COURT 800 STALLS (POTENTIAL) BLOCK LIFE SIERRA OF APPEAL CAMPUS NEXEN (POTENTIAL) POLICE

POTENTIAL CATHEDRAL PARKING WEST PARALLEL PLAZA NORTHLAND 840 7TH PLAZA PLACE JOHN J. BOWLEN ROCKY WILLIAM R CITY OF Annual Absorption 274,828 SF AVENUE FIRST TELUS BLDG CHURCH OF STRUCTURE POINTE CENTRE 1000 PENTLAND BLDG P PARK BLDG 444 TELUS MOUNTAIN CASTELL CALGARY POLICE CITY

5 STREET SW STREET 5 CANADIAN 6 STREET SW STREET 6 FIRST CANADIAN TELUS THE REDEEMER

BLDG HEADQUARTERS

HOTEL CENTRAL PLAZA PLACE CENTRE CENTRE 7TH AVENUE SKY P PLAZA PARKADE CENTRE CENTRE 424

NO. 1

DOMINION DOMINION

SANDMAN HOTEL LIBRARY (300 STALLS)

PHASE II LEGION

ST. REGIS

7 AVE SE CENTENNIAL P P 7 ST SW STATION 4 ST SW STATION CITY HALL STATION LIGHT RAIL TRANSIT LIGHT RAIL TRANSIT 1 ST SW STATION 8 ST SW STATION LIGHT RAIL TRANSIT 6 ST SW STATION 3 ST SW STATION CENTRE ST SW STATION LIGHT RAIL TRANSIT CITY HALL STATION MORTGAGE ELVEDEN CENTRE TD 115-125 1035 DOME TORONTO 7 AVE SW

BLDG CANADA TRUST 109 7 AVE SW O'NEIL GARDEN GUINNESS ELVEDEN IVEAGH ENCOR TOWER DOMINION STEPHEN CENTRAL (RETAIL) CITY HALL 1107 NEXEN 707 - 5th Street TOWER

BLDG HALL TOWERS AVENUE OLD CITY TOWERS 905 7 AVE SW AVE 7 BRIAR P HOUSE HOUSE PLACE HOLT SQUARE UNITED ADMINISTRATION HOUSE BLDG

TOWER CRAIG

7 AVE SW SUTTON POTENTIAL RENFREW PLACE CHURCH P HALL BUILDING

7 AVE SW Calgary City Centre NEXEN HUDSONS BAY BLDG

HOTEL DEVELOPMENT HYATT TELUS

COMPANY REGENCY BROADCASTING DELAWARE CONVENTION Development(s) CENTRE THE CORE (DOWNTOWN RETAIL CORRIDOR) Eau Claire Tower WESTMOUNT PARKADE OLYMPIC PLAZA DOWNTOWN P

PLACE 1010 SW STREET 8

1040 1000 CENTURY

10 STREET SW STREET 10 SE

618-628 TOWER STEPHEN 1 STREET SE STREET 1

718 HOME OIL HOLIDAY INN 8 AVE SW 8 AVE SW SW STREET 9 P U OF C RAMADA HOTEL ROYAL

P GARDENS SE STREET 3 8 AVE SW PETROFINA 8 AVE SW TOWER AVENUE CLARENCE CALGARY CAMPUS BARRON BLDG DIPPIE

DEVONIAN GARDENS BLDG 8TH AVE 8TH BLOCK BANK

WATERMARK

PARK CENTRE WESTERN BLDG

BANK PARKADE PLACE MUNICIPAL BLDG CAMPEAU (RETAIL) P 4TH LEVEL BLOCK BLOCK

BANK OF

MACKAY & MACKAY

4 STREET SE STREET 4 HOTEL

1034 AVE AVE

BLK

STRATEGIC HISTORIC

UNION BLDG UNION 424A (200 STALLS) (200

BLDG KRAFT BLDG KRAFT

TEATRO NORMAN BUILDING MONTREAL

VENINI

MOLSON’S

MACLEOD TRAIL SE TRAIL MACLEOD

ST. LOUIS ST.

TURNER-HICKS

LANCASTER 8 8 Square Footage 1,400,000 SF BLDG DOLL

THOMSON 8 AVENUE SW 8 AVENUE SW BLK NEILSON STEPHEN AVENUE STEPHEN AVENUE 2015 TAYLOR CIBC CALGARY PUBLIC FIRST WESTERN CANADIAN PLAINS HSBC WESTVIEW PAN BLDG ALBERTA PLACE NORTH 635 RILEYS BLDG 239 - 221 - 227FLAMES 109-123 BLDG 8 WEST ARCTIC 8 AVE SW MIDSTREAM SHAW BLDG 8 AVE SWCENTRAL ALBERTA 8 AVE SW (RETAIL) BURNS

PLACE SW 8th AVE SW

429-31 P P HEIGHTS BLDG 439 -2,741,481 SF 411 Annual Absorption HOTEL SE AVE 8 (RETAIL) NOVA PLAZA PLAZA PALACE 101 BLDG

GLOBE

SCOTIA SCOTIA

BLOCK BLOCK

BANK OF BANK SE AVE 8

CENTURY

THEATRE

BLDG

SCOTCH BLDG THE OLD SW STREET 4

ALBERTA LINEHAM LEESON &

8 AVENUE

PARK PLACE PARK

8 AVE SW

WARD BLK

PAIN BLK

CIDEX/WEXFORD WEST SW AVE 8 129 2 STREET SW STREET 2

3 STREET SW DEVELOPMENT SITE TOWERWEST EAST ROYAL BANK BANKERS CALGARY GLENBOW TOWER HALL WEST HOLLINGS-WORTH MARRIOTT MUSEUM CENTRAL TOWER BANKERS CALGARY CENTRE FOR THE ANIMAL TOWER HOTEL GIBRALTER WESTERN CENTENNIAL PARKADE P HALL EAST PERFORMING ARTS

TELUS ENTERPRISE HOSPITAL SW STREET 7 P SALVATION ARMY

TOWER CENTRE PLACE EAST 902 CANADIAN (1000 STALLS) CIVIC PLAZA

ENMAX SW STREET 1 THE EDISON WEST P LE GERMAIN THE CONTINENTAL P PARKADE STREET CENTRE TOWER

ROAD CAR RENTAL TOWER EIGHTH CENTRE OF HOPE 9 AVE SW HOUSE PLACE SOUTH UNDERGROUND PARKADE SUBSTATION NO.1 BANKERS PLACE HOTEL AVENUE PLACE CONVENTION 500 STALLS COURT EDWARDS

ALBERTA GRAIN ALBERTA EXCHANGE BLDG EXCHANGE & SURFACE PARK

KING EDWARD KING 9 AVENUE SW 9 AVENUE SW 9 AVENUE SW 9 AVENUE SE Development(s) No New Developments PENN WEST POTENTIAL CRYSTAL PLAZA PENN WEST PALLISER WEST TOWER 303 DOWNTOWN GLASS PLAZA SQUARE POTENTIAL TECK P DISTRICT ENERGY 907 WEST PALLISER MACLEOD TR P P CANADA P GULF CANDA EAST TOWER ONE PALLISER PLACE P P CENTRE METRO FORD SW AVE 9 P CALGARY SQUARE SQUARE SQUARE TOWER EAST PALLISER HOTEL Square Footage N/A PRIVATE CAR SHELTER (CP RAIL) CPR TRACKS PALLISER

2016 LOW RISE/COMMERCIAL

640-650 Marriot Hotel 10TH & 10TH 730 10 AVE SW -2,320,786 SF CAR WASH 999 MOUNTAIN Place 10 Place 10 GULF CANADA P Annual Absorption FIREHALL EQUIPMENT 10 AVE SW 1036 P 8 ST SW West Tower East Tower PARKADE NO 2 752 P ALAMO/ PALLISER PARKADE CO-OP (Potential) (Potential) P (1,500 STALLS) ELECTRIC 10 AVE SW AVE 10 P NATIONAL (1,280 STALLS) SUBSTATION NO 5

140 1030 10AVE SW PALLISER FUTURE CAR RENTAL DEVELOPMENT

ROYAL 10 AVE SW HOUSE SQUARE SOUTH

MOUNT

10TH AVE

10 AVENUE SW 10 AVENUE SW 10 AVENUE SE

KIPLING ALBERTA 731-739 349 - 355 1001 ASTORIA 815-823 10 AVE SW 707 10TH SQUARE 325 MAcCOSHAM BROMLEY MEG THE BROWNSTONES 409 WORKS Mark On Tenth 617 10 AVE SW BROMLEY SUN ICE

10 AVE SW CENTRE 10 10 AVE SW 317 FIRST ON TENTH 10 AVE SE 427 CONDO 341 SQUARE 10 AVE SW 345 P PLACE BLOK

339

THE AVE SW 629 BLK SQUARE BROMLEY 101-109 BLDG PLACE

707 Fifth MAcCOSHAM 305 ALBERTA 10 AVE SE CORNER

DEVELOPMENT BLDG COOPER

GAS

10 AVE SW AVE 10 UNDERGROUND 10 AVE SE ALBERTAN

ATCO 10 AVE SW AVE 10 PLACE TRADE CENTRE

HUDSON

WESTERN 10 AVE SW AVE 10 10 AVE SE

10 AVE SW AVE 10 10 AVE SW AVE 10

DEMCOR Development(s) PARKADE PARKADE

BELL BLOCK

10TH AVE SE AVE 10TH Brookfield Place 4 STREET UNDERPASS 622 11TH 140 11TH AVE SW 230/238 RIBTOR II ATCO JOFFRE 396 - 11th 110 - 11 AVE SW 422 940 11TH 902 11TH CORNER 812/816 THE 11AVE SUNRISE SQUARE THE AVENUE 206-220 11TH AVE SW LOUISE (Calgary Police 11 AVE SE 550 THE VANTAGE POINTE PLACE 1015 AVE SW LEWIS 402

GAS BLOCK 724 628 PLACE RIBTOR AVE SW AVE SW PASERIUM SW SEED Victoria Park

1006 SEED BLOCK 802 11 802 11 AVE SW

AVE SW AVE

730

CUSTOMS BLDG THE 11 AVE SW 514 4TH ST SW VINTAGE II VINTAGE BLDG 11 AVE SE LOFTS 224

BLOCK BLDG

ROYOP 11 AVE SW

BLOCK LIFE BLDG LIFE Station)

11 AVE SW AVE 11

MUSTARD BISCUIT MUSTARD 1,945,400 SF THEATRE

11 AVE SW

Square Footage 11 AVE SW PLUS GAS

11 AVE SW AVE 11

PARKADE

PARAMOUNT

11 AVE SW AVE 11 GLENBOW

11 AVE SW AVE 11

WESTCOAST

CENTRE 110 CENTRE ADVANTAGE 11 AVENUE SW 2017 11 AVENUE SW 11 AVENUE SE 1037 11 AVE SW 709 343 11 AVE THE ATCO 801 11 AVE IBM GEC Annual Absorption -156,986 SF ELEVEN ATCO SW 617 KEG DUFF 333 CORPORATE CO-OP GAS CARRINGTON CENTRE II 11 AVE SW 739 DANISH 701 ATRIUM ARCHIT-

411

ELEVEN 1104 CONDOS 1003-1015 CENTRE I BLDG 637 BLDG BLDG CENTRE PARK TRANSALTA STATION 607- 613 607- CANADIAN SW AVE 11 ECTURE

BLDG 11 AVE SW 11 AVE SW ON SW AVE 11 11 AVE SW SW AVE 11 11 AVE SW CIBC

PHASE II SE AVE 11

FAIRMORE PLACE II CLUB CENTRE 555 IBM BLOCK ELEVENTH SERVICES 1101-9

FLAMINGO CORPORATE MACLEOD 351 11 AVE SW AVE 11 351 LACEY CENTRE PARK FUTURE COURT ARRIVA I

SAFEWAY PHASE I SW STREET 1 TRANSALTA DEVELOPMENT 7 STREET SW STREET 7

8 STREET SW STREET 8 PLACE III KEYNOTE

9 STREET SW STREET 9 5 STREET SW STREET 5 FUTURE SW STREET 6

WORLEY SW STREET 2 1 STREET SE STREET 1 4 STREET SW STREET 4 IBM 1919

1111 LUNA SW STREET 10 GENESIS DOMINION 1122

DEVELOPMENT LOFTS

PARSONS STREET CENTRE CENTRE XENEX THE PARKSIDE SAM LIVINGSTON 4 ST SW CORPORATE SE STREET 3 SCHOOL CONDOS CONDOS THE CASTELLO

1133 APTS

TEMPLE 1014 RESOURCES

APTS

SANDPIPER APTS PARK 1115-1119 BLDG MACLEOD TRAIL SE TRAIL MACLEOD DANA 628 PLACE

HARVEY MASONIC

HOUSE EPIQUE BLDG TRANSALTA

MANHATTAN

314 DAHL-SEN & ENERGY

MACLEOD

1115 12 AVE SW 1 ST SE

806 12 AVE 12 806

CENTRAL PHASE III BLK 12 AVE SW LORRAINE 1040 12 AVE SW AVE 12 1040 PLACE I

BARNHART

9 ST SW

1119 SE ST 3 1111 PARK PLAZA PARK

11 AVE SE AVE 11 Under Construction SW ST 7 12 AVENUE SW 12 AVENUE SW 12 AVENUE SE

SUTTON 1202 STANFORD THE PLACE MARLHURST THE 1ST ST SW 133 Development(s) TELUS Sky APTS PLACE SEVILLE 213 HOTEL ARTS THE DAVENPORT STONE APTS EXUD BELTLINE 211 12 AVE COURT CAM KAHANOFF 215 APTS HAVEN POOL SW ST 1 SE

NUVO CBE 227

PLAZA

HELENE SW AVE 12 CENTRE

PLACE EDUCATION CENTRE 1201-1209 12 AVE SE

FOUNTAIN

BRAEMAR FUTURE ODDFELLOW

PETROWEST

COURT APTS COURT

12 AVE SE BELTLINE ARBY'S

MEMORIAL SE AVE 12 401

REBEKAH 1213

1023 12 AVE 12 1023 SHELDON

1027 12 AVE 12 1027 PARK CENTRAL MEMORIAL PARK TOWER CONNAUGHT DEVELOPMENT M. CHUMIR PARK LIBRARY ESSO GARDENS ADAIR HULL ESTATES FUTURE HEALTH CARE GAS STATION STAMPEDE CASINO Square Footage 430,000 SF APTS THE RANCHMAN'S DEVELOPMENT SW ST 1 & TOUCHLESS PLAYGROUND ESTATE CLUB 616 PARK 1238 - 1210 CAR WASH VICTORIA BROMPTON PRESTIGE 13 AVE 228 150

1030 SW ST 8

816 URBAN ESTATES SQUARE 814

TOWER CAMBRIDGE BLK

MANOR HSE APTS

810

1018 1020 1022 1024 232

1222-1238

JULLIARD

13 AVE SW 228

SW 234

222-4

802 FLATS SW AVE 13

ASHLEY SQ ASHLEY

RADIO 2018 13 AVE SW AVE 13 GATE

CS BLDG CS

1223-35 LIGHT RAIL TRANSIT 13 AVE SW AVE 13

MACLEOD Estimated Completion Date Q1 2019

5 Research & Forecast Report | Third Quarter 2018 | Calgary Downtown | Colliers International 9 STREET NW

GLENWOODMANOR

BOW RIVER DISCOVERY HILL

310-314 CALGARY DOWNTOWN MAP 321 NW ST 10 10 ST NW 1 AVENUE NE BROKEN PLATE RIVER RUN CONDO’S HILL LEGEND HOUSE 301 HOLLY 10 ST NW PARK

233 YARD MEMORIAL DRIVE NW PRINCE'S ISLAND ESTATES UNDER CONSTRUCTION COMMERICAL

YEOMAN'S MARSH ROAD NE 500 HOLLY EAU CLAIRE POINT

PEACE BRIDGE FUTURE/POTENTIAL COMMERICAL SITE THE

PRINCETON

130- 148 10 ST NW ST 10 148 130- CHURCH

BARCLAY PARADE BARCLAY CAFE THE EAU CLAIRE AVENUE SW 1886 BOW RIVER

P CONCORD RIVERFRONT AVE SW FUTURE/POTENTIAL RESIDENTIAL SITE MEREDITH ROAD NE

MILL BARLEY 1 AVENUE SW RESIDENTIAL

MILLENIUM SIEN LOK PARK

205 CALGARY

SHERATON JOEY TOWER CHINATOWN

EAU CLAIRE CENTRE SENIOR’S

TOMATOES EAU CLAIRE P P P RIVERFRONT KENSINGTON NW ST 10 126 - 106 APTS BOW GATE LA CAILLE CLAIRE COVERED SURFACE PARKING BOWSIDE RESTAURANT ESTATES JOE P BLDG MANOR

PHILLIPS

LA CAILLE 116 140 P N.W. LRT BRIDGE

LA CAILLE LA

CONDOS CENTRE

2 AVE SW AVE 2

CENTRE

2 AVE SW HONG KONG

UNITED

ON THE PARKE THE ON

CHURCH + 15 WALKWAY

HARMONIOUS BROADVIEW PLAZA 2 AVENUE SW 2 AVENUE SW DAQING AVENUE SW 2 AVENUE SW FUTURE +15 WALKWAY CHOW EAU CLAIRE THE POINT 735 CENTENNIAL PLACE NG BLOCK

123

119 CILTURAL CENTRE CILTURAL

LOOKOUT CHINESE CALGARY

REST. ON THE BOW 2ND ST EAU CLAIRE MANOR WAI-KWAN TOWER 129

SAHARA

2 AVE SE AVE 2 MANOR SE AVE 2 SHAW LIVINGSTON CENTRE SE AVE 2 BLDG

KWAN

CHINESE COURT PLACE CHURCH

WEST CALGARY 207 207 2 STREET SW STREET 2 5 STREET SW STREET 5 CALGARY TOWER WEST PENTACOSTAL 1 ST SE CITY 200-218 EAU CLAIRE CITY ST CENTRE TOWER DEVON TOWER CENTRE 116 RIVERFRONT AVENUE SE LIBERTE EAU EXEC- HOTEL LIVINGSTON WAH PRINCE'S CROSSING SUITE RESIDENCES 3 AVE SE 7 STREET SW STREET 7 PLACE SOUTH YING

114

HILLHURST BRIDGE CLAIRE MALL BARCLAY 100-6 110 6 STREET SW STREET 6

233 EAST MNSCLASS138 LEGEND

COURT TENNIS 5 HARVEST 3 AVE SE3 AVE SE

3 AVE SW AVE 3

CENTRE

TRINITY TOWER

3 AVE SE CHURCH

P FAR EAST PARK

SHOPPING P PLAZA ST CENTRE LUTHERAN APTS

4 AVE FLYOVER 3 AVENUE SW 3 AVENUE SW AA A B C 302 LIVINGSTON EAU CLAIRE MCDOUGALL PARKADE SUNLIFE 3 AVE SE 8 STREET SW STREET 8 SONOMA PAVILLIONS POTENTIAL EAU CLAIRE NORTH GOOD THE PLACE HOUSE RETIREMENT OF EAU CLAIRE HOUSE CHURCHILL 615 PARKADE 115-119 308 FORTUNE RESIDENCE ESTATES BENTALL 3rd AVE PLACE I P THE WESTIN 200 CARS RIVERFRONT P KENNEDY SITE P PARKADE 3 AVE SW CITY 310 PLAZA 123 SW II PLACE PLAZA 119 GOVERNMENT OF CANADA

WESTIN

3 AVE SE EAU CLAIRE EAU BP 312 RIVERFRONT 403 SHELL SE AVE 3 HARRY HAYS BLDG CENTRE POINTE RIVERFRONT CENTRE P AVE SE P SUNLIFE NEFF UNITED 512-528 4 AVE SW LOUISE STATION PLACE ALBERTA BIRCHCLIFF REGENCY (RETAIL) THE WESTIN PLAZA 316 - 3 ST SE ALTIUS ASIA SE STREET 1 HOUSING APTS MCFARLANE ENERGY HOTEL SUNLIFE FIRST (BOOKER’S BBQ P SERVICES TOWER SUITES CENTER SW STREET 1 SUNLIFE PACIFIC DRAGON CITY MALL WEST STREET CENTRE P BUILDING JAMIESON HOTEL STREET & CRAB SHACK)

DEVELOPMENT PLACE LAND TITLES EAST CENTRE OPTIMA P REST. PLACE PLAZA

CAESAR’S INTERNATIONAL 4 AVENUE SW 4 AVENUE SW 4 AVENUE SE R E LORRNELPOTENTIAL PHILLIPS V AVATAMSAKA CANADIAN LONDON FIFTH AVENUE CECIL O PBA BDG 619 SELKIRK 4TH Y CENTRE PRINCE'S ISLAND HOUSE APTS CALGARY PLACE WEST HOTEL DROP-IN CENTRE L MONASTERY ENMAX DEVELOPMENT 621 & 4TH CANADA PLACE APTS 4 AVE SW HOUSE F

REST. PLACE II P SUBSTATION NO 8 SITE BLDG METROPOLITAN PLACE SE

4 AVE SW PLACE DELTA BOW 410 6 ST CENTRE P R F1RST VALLEY INN T N NORTHLAND TOWER PARK PARK JAMES SHORT PARK P YWCA O

LAGIN PLACE CECIL T P & N

TOWER O CENTRE THE UNDERGROUND BEER/WINE DM PLACE HERITAGE AQUITAINE 520 TD PLACE EAST E

CATHOLIC MACDOUGALL PARKADE FIVE FIVE SUNDANCE PRINCE CHEVRON FIFTH AVENUE

5 AVENUE SW 3 STREET SW 5 AVENUE SW 5 AVENUE SW 5 AVENUE SE 5 AVENUE SE 921 441 933 THE FIFTH & FIFTH 5TH AVE PROSPECT WEST SUNCOR 503 5TH AVE 5TH AVE SERVAL 715 FIFTH 639 PLACE BOW VALLEY BOW VALLEY ENERGY BOW 909 5th ATRIUM 1 805 P PARKADE CHATEAU BLDG FIVE TEN 333 CALGARY SQUARE III SQUARE II EAST P Ave SW 5TH AVE SW AVENUE 5 AVE SW FIFTH BLDG PETROLIUM CENTRE PROFESSIONAL PARK 507 FIFTH 5 AVENUE

OF EDUCATION 1010 PLACE SIXTH TWIN BLDG P CONDO ODDFELLOWS CALGARY BOARD HOUSE BLDG SQUARE IV BOW VALLEY RENTAL MEWATA STATION OILS CHURCH

1106 6 AVE SW P P EDINBURGH DEV P BUILDING

BLDG ITHACAN SQUARE I KNOX UNITED KNOX 6 AVENUE SW 6 AVENUE SW 6 AVENUE SW 6 AVENUE SE

P 606 CALGARY TARJAN POINTE THE THE BRITANNIA P BROOKFIELD ALPINE FORD Fourth INTACT PLACE LOUGHEED HANOVER POLICE REMAND AXXIS PLACE CONCORDE SUN AMEC POTENTIAL BLDG WEST PLACE SERVICE ROCKY MOUNTAIN PROVINCIAL

1011 EAST PLACE

EAST BLDG TOWER PARKADE BLDG PLACE CENTRE

DIAL PLACE 608 P CHURCH

CARTER COURTS

P WEST

6 AVE SW AVE 6

TOWER BLDG COURT PLACE

TOWER BLDG BOW VALLEY DEVEL SURFACE PARK & 157 PHASE II THE BOW FRANCIS ST. COURT 431

UTILITIES PARKADE

POTENTIAL CATHEDRAL PARKING WEST PARALLEL PLAZA NORTHLAND 840 7TH PLAZA PLACE JOHN J. BOWLEN ROCKY WILLIAM R CITY OF AVENUE FIRST TELUS BLDG CHURCH OF STRUCTURE POINTE CENTRE 1000 PENTLAND BLDG P PARK BLDG 444 TELUS MOUNTAIN CASTELL CALGARY POLICE CITY

5 STREET SW STREET 5 CANADIAN 6 STREET SW STREET 6 FIRST CANADIAN TELUS THE REDEEMER

BLDG HEADQUARTERS

HOTEL CENTRAL PLAZA PLACE CENTRE CENTRE 7TH AVENUE SKY P PLAZA PARKADE CENTRE CENTRE 424

NO. 1

DOMINION DOMINION

SANDMAN HOTEL LIBRARY (300 STALLS)

PHASE II LEGION

ST. REGIS

BLDG CANADA TRUST 109 7 AVE SW O'NEIL GARDEN GUINNESS ELVEDEN IVEAGH ENCOR TOWER DOMINION STEPHEN CENTRAL (RETAIL) CITY HALL 1107 NEXEN 707 - 5th Street TOWER

BLDG HALL TOWERS AVENUE OLD CITY TOWERS 905 7 AVE SW AVE 7 BRIAR P HOUSE HOUSE PLACE HOLT SQUARE UNITED ADMINISTRATION HOUSE BLDG

TOWER CRAIG

7 AVE SW SUTTON POTENTIAL RENFREW PLACE CHURCH P HALL BUILDING

7 AVE SW NEXEN HUDSONS BAY BLDG

HOTEL DEVELOPMENT HYATT TELUS

COMPANY REGENCY BROADCASTING DELAWARE CONVENTION CENTRE THE CORE (DOWNTOWN RETAIL CORRIDOR) WESTMOUNT PARKADE OLYMPIC PLAZA DOWNTOWN P

PLACE 1010 SW STREET 8

1040 1000 CENTURY 10 STREET SW STREET 10

618-628 TOWER STEPHEN 1 STREET SE STREET 1

718 HOME OIL HOLIDAY INN 8 AVE SW 8 AVE SW SW STREET 9 P U OF C RAMADA HOTEL ROYAL

P GARDENS SE STREET 3 8 AVE SW PETROFINA 8 AVE SW TOWER AVENUE CLARENCE CALGARY CAMPUS BARRON BLDG DIPPIE

DEVONIAN GARDENS BLDG 8TH AVE 8TH BLOCK BANK

WATERMARK

PARK CENTRE WESTERN BLDG

BANK PARKADE PLACE MUNICIPAL BLDG CAMPEAU (RETAIL) P 4TH LEVEL BLOCK BLOCK

BANK OF

MACKAY & MACKAY

4 STREET SE STREET 4 HOTEL

1034

BLK

STRATEGIC HISTORIC

UNION BLDG UNION 424A (200 STALLS) (200

BLDG KRAFT BLDG KRAFT

TEATRO NORMAN BUILDING MONTREAL

VENINI

MOLSON’S

MACLEOD TRAIL SE TRAIL MACLEOD

ST. LOUIS ST.

TURNER-HICKS

LANCASTER 8 AVE SE AVE 8

DOLL BLDG DOLL

THOMSON 8 AVENUE SW 8 AVENUE SW BLK NEILSON STEPHEN AVENUE STEPHEN AVENUE

TAYLOR CIBC CALGARY PUBLIC FIRST WESTERN CANADIAN PLAINS HSBC WESTVIEW PAN BLDG ALBERTA PLACE NORTH 635 RILEYS BLDG 239 - 221 - 227FLAMES 109-123 BLDG 8 WEST ARCTIC 8 AVE SW MIDSTREAM SHAW BLDG 8 AVE SWCENTRAL ALBERTA 8 AVE SW (RETAIL) BURNS

PLACE SW 8th AVE SW

429-31 P P HEIGHTS BLDG 439 411

HOTEL SE AVE 8

(RETAIL) NOVA PLAZA PLAZA PALACE 101 BLDG

GLOBE

SCOTIA SCOTIA

BLOCK BLOCK

BANK OF BANK SE AVE 8

CENTURY

THEATRE

BLDG

SCOTCH BLDG THE OLD SW STREET 4

ALBERTA LINEHAM LEESON &

8 AVENUE

PARK PLACE PARK

8 AVE SW

WARD BLK

PAIN BLK

CIDEX/WEXFORD WEST SW AVE 8 129 2 STREET SW STREET 2

TELUS ENTERPRISE HOSPITAL SW STREET 7 P SALVATION ARMY

TOWER CENTRE PLACE EAST 902 CANADIAN (1000 STALLS) CIVIC PLAZA

ENMAX SW STREET 1 THE EDISON WEST P LE GERMAIN THE CONTINENTAL P PARKADE STREET CENTRE TOWER

ROAD CAR RENTAL TOWER EIGHTH CENTRE OF HOPE 9 AVE SW HOUSE PLACE SOUTH UNDERGROUND PARKADE SUBSTATION NO.1 BANKERS PLACE HOTEL AVENUE PLACE CONVENTION 500 STALLS COURT EDWARDS

ALBERTA GRAIN ALBERTA EXCHANGE BLDG EXCHANGE & SURFACE PARK

KING EDWARD KING 9 AVENUE SW 9 AVENUE SW 9 AVENUE SW 9 AVENUE SE

PENN WEST POTENTIAL CRYSTAL PLAZA PENN WEST PALLISER WEST TOWER 303 DOWNTOWN GLASS PLAZA SQUARE POTENTIAL TECK P DISTRICT ENERGY 907 WEST PALLISER MACLEOD TR P P CANADA P GULF CANDA EAST TOWER ONE PALLISER PLACE P P CENTRE METRO FORD SW AVE 9 P CALGARY SQUARE SQUARE SQUARE TOWER EAST PALLISER HOTEL PRIVATE CAR SHELTER (CP RAIL) CPR TRACKS PALLISER LOW RISE/COMMERCIAL

640-650 Marriot Hotel 10TH & 10TH 730 10 AVE SW CAR WASH 999 MOUNTAIN Place 10 Place 10 GULF CANADA P FIREHALL EQUIPMENT 10 AVE SW 1036 P 8 ST SW West Tower East Tower PARKADE NO 2 752 P ALAMO/ PALLISER PARKADE CO-OP (Potential) (Potential) P (1,500 STALLS) ELECTRIC 10 AVE SW AVE 10 P NATIONAL (1,280 STALLS) SUBSTATION NO 5

140 1030 10AVE SW PALLISER FUTURE CAR RENTAL DEVELOPMENT

ROYAL 10 AVE SW HOUSE SQUARE SOUTH

MOUNT

10TH AVE

10 AVENUE SW 10 AVENUE SW 10 AVENUE SE

KIPLING ALBERTA 731-739 349 - 355 1001 ASTORIA 815-823 10 AVE SW 707 10TH SQUARE 325 MAcCOSHAM BROMLEY MEG THE BROWNSTONES 409 WORKS Mark On Tenth 617 10 AVE SW BROMLEY SUN ICE

10 AVE SW CENTRE 10 10 AVE SW 317 FIRST ON TENTH 10 AVE SE 427 CONDO 341 SQUARE 10 AVE SW 345 P PLACE BLOK

339

THE AVE SW 629 BLK SQUARE BROMLEY 101-109 BLDG PLACE

MAcCOSHAM 305 ALBERTA 10 AVE SE CORNER

DEVELOPMENT BLDG COOPER

GAS

10 AVE SW AVE 10 UNDERGROUND 10 AVE SE ALBERTAN

ATCO 10 AVE SW AVE 10 PLACE TRADE CENTRE

HUDSON

WESTERN 10 AVE SW AVE 10 10 AVE SE

10 AVE SW AVE 10 10 AVE SW AVE 10

DEMCOR PARKADE PARKADE

BELL BLOCK

10TH AVE SE AVE 10TH

4 STREET UNDERPASS

622 11TH 140 11TH AVE SW 230/238 RIBTOR II ATCO JOFFRE 396 - 11th 110 - 11 AVE SW 422 940 11TH 902 11TH CORNER 812/816 THE 11AVE SUNRISE SQUARE THE AVENUE 206-220 11TH AVE SW LOUISE (Calgary Police 11 AVE SE 550 THE VANTAGE POINTE PLACE 1015 AVE SW LEWIS 402

GAS BLOCK 724 628 PLACE RIBTOR AVE SW AVE SW PASERIUM SW SEED Victoria Park

1006 SEED BLOCK 802 11 802 11 AVE SW

AVE SW AVE

730

CUSTOMS BLDG THE 11 AVE SW 514 4TH ST SW VINTAGE II VINTAGE BLDG 11 AVE SE LOFTS 224

BLOCK BLDG

ROYOP 11 AVE SW

BLOCK LIFE BLDG LIFE Station)

11 AVE SW AVE 11

MUSTARD BISCUIT MUSTARD

THEATRE

11 AVE SW

11 AVE SW PLUS GAS

11 AVE SW AVE 11

PARKADE

PARAMOUNT

11 AVE SW AVE 11 GLENBOW

11 AVE SW AVE 11

WESTCOAST

CENTRE 110 CENTRE ADVANTAGE 11 AVENUE SW 11 AVENUE SW 11 AVENUE SE 1037 11 AVE SW 709 343 11 AVE THE ATCO 801 11 AVE IBM GEC ELEVEN ATCO SW 617 KEG DUFF 333 CORPORATE CO-OP GAS CARRINGTON CENTRE II 11 AVE SW 739 DANISH 701 ATRIUM ARCHIT-

411

ELEVEN 1104 CONDOS 1003-1015 CENTRE I BLDG 637 BLDG BLDG CENTRE PARK TRANSALTA STATION 607- 613 607- CANADIAN SW AVE 11 ECTURE

BLDG 11 AVE SW 11 AVE SW ON SW AVE 11 11 AVE SW SW AVE 11 11 AVE SW CIBC

PHASE II SE AVE 11

FAIRMORE PLACE II CLUB CENTRE 555 IBM BLOCK ELEVENTH SERVICES 1101-9

FLAMINGO CORPORATE MACLEOD 351 11 AVE SW AVE 11 351 LACEY CENTRE PARK FUTURE COURT ARRIVA I

SAFEWAY PHASE I SW STREET 1 TRANSALTA DEVELOPMENT 7 STREET SW STREET 7

8 STREET SW STREET 8 PLACE III KEYNOTE

9 STREET SW STREET 9 5 STREET SW STREET 5 FUTURE SW STREET 6

WORLEY SW STREET 2 1 STREET SE STREET 1 4 STREET SW STREET 4 IBM 1919

1111 LUNA SW STREET 10 GENESIS DOMINION 1122

DEVELOPMENT LOFTS

PARSONS STREET CENTRE CENTRE XENEX THE PARKSIDE SAM LIVINGSTON 4 ST SW CORPORATE SE STREET 3 SCHOOL CONDOS CONDOS THE CASTELLO

1133 APTS

TEMPLE 1014 RESOURCES

APTS

SANDPIPER APTS PARK 1115-1119 BLDG MACLEOD TRAIL SE TRAIL MACLEOD DANA 628 PLACE

HARVEY MASONIC

HOUSE EPIQUE BLDG TRANSALTA

MANHATTAN

314 DAHL-SEN & ENERGY

MACLEOD

1115 12 AVE SW 1 ST SE

806 12 AVE 12 806

CENTRAL PHASE III BLK 12 AVE SW LORRAINE 1040 12 AVE SW AVE 12 1040 PLACE I

BARNHART

9 ST SW

1119 SE ST 3 1111 PARK PLAZA PARK

11 AVE SE AVE 11

7 ST SW ST 7 12 AVENUE SW 12 AVENUE SW 12 AVENUE SE

SUTTON 1202 STANFORD THE PLACE MARLHURST THE 1ST ST SW 133 APTS PLACE SEVILLE 213 HOTEL ARTS THE DAVENPORT STONE APTS EXUD BELTLINE 211 12 AVE COURT CAM KAHANOFF 215 APTS HAVEN POOL SW ST 1 SE

NUVO CBE 227

PLAZA

HELENE SW AVE 12 CENTRE

PLACE EDUCATION CENTRE 1201-1209 12 AVE SE

FOUNTAIN

BRAEMAR FUTURE ODDFELLOW

PETROWEST

COURT APTS COURT

12 AVE SE BELTLINE ARBY'S

MEMORIAL SE AVE 12 401

REBEKAH 1213

1023 12 AVE 12 1023 SHELDON

1027 12 AVE 12 1027 PARK CENTRAL MEMORIAL PARK TOWER CONNAUGHT DEVELOPMENT M. CHUMIR PARK LIBRARY ESSO GARDENS ADAIR HULL ESTATES FUTURE HEALTH CARE GAS STATION STAMPEDE CASINO APTS THE RANCHMAN'S DEVELOPMENT SW ST 1 & TOUCHLESS PLAYGROUND ESTATE CLUB 616 PARK 1238 - 1210 CAR WASH VICTORIA BROMPTON PRESTIGE 13 AVE 228 150

1030 SW ST 8

816 URBAN ESTATES SQUARE 814

TOWER CAMBRIDGE BLK

MANOR HSE APTS

810

1018 1020 1022 1024 232

1222-1238

JULLIARD

13 AVE SW 228

SW 234

222-4

802 FLATS SW AVE 13

ASHLEY SQ ASHLEY

RADIO 13 AVE SW AVE 13 GATE

CS BLDG CS

1223-35 LIGHT RAIL TRANSIT 13 AVE SW AVE 13

MACLEOD

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Copyright © 2018 Colliers International.The information contained herein has been obtained from sources deemed reliable. While every reasonable eff ort has been made toensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consulttheir professional advisors prior to acting on any of the material contained in this report.