Bedrock Quoted in Business in Calgary Magazine

A nighttime image of downtown Calgary, Alberta, Canada.

Bedrock Realty is excited to be quoted in the recent issue of Business in Calgary Magazine.

Bedrock’s Owner John Savard is quoted in the article, “State of the Core,” an informative business piece discussing the current state of downtown Calgary’s office sector.

Below is an excerpt of John’s inclusion in the article . You can read the full article here: https://businessincalgary.com/top-news/state-of-the-core/

John Savard, owner at Bedrock Realty Advisors, notes this flight to quality doesn’t mean there still isn’t demand for B and C class properties.

“We just have to get through a significant amount of vacancy,” he says. “But there’s still demand in B to C class. In fact, there are a significant number of tenants who enjoy the mid-west portion of downtown Calgary because the rates are considerably lower than A class.”

BedRock Realty Recognized as Powerbroker in Q2

BedRock Powerbroker award

BedRock Realty Advisors was recently recognized as a Powerbroker in a commercial real estate deal-making competition

In August 2020, CoStar Group, Inc., the data and analytics leader of the commercial real estate industry, announced the Power Brokers Quarterly Deals winners for the second quarter of 2020. We are excited to announce that BedRock Realty Advisors came out on top in the list of winners in Calgary. Power Brokers Quarterly Deals winners are determined by their top deals every quarter, based on price and square footage.

BedRock Realty Advisors work every day to get our clients the best deals on the best spaces. For help with all your leasing needs visit our Office Locator Tool and we’ll help you find the perfect new office space for you and your business.

For more information about our award, visit: https://www.costarpowerbrokers.com/quarterly-deals/

Bedrock Realty Quoted in Real Estate Article on Unique Downtown Office Space

Canada's Largest Office Floor | Bedrock Realty Advisors Inc.

Over the Christmas holidays, John Savard, Owner of Bedrock Realty, was quoted in an interesting article about one of downtown Calgary’s most unique (and largest) offices spaces available on the market right now.

“Gulf Canada Square is the length of two city blocks . . . it’s so unique. You won’t ever see that,” said Savard in the article. “Firstly, an 80,000-square-foot floor plate is extremely rare in the entire country and it’s the largest for an office space. That’s the largest base building space that exists (for lease) in Calgary and the country.”

You can learn more about this available space in the full article.

Five Things to Consider Before Choosing a Commercial Space for Rent in Calgary

City Skyline

City Skyline

Commercial space for lease in Calgary is wide open at the moment, with plenty of options downtown and in the surrounding suburban areas. It is, essentially, a buyer’s market for entrepreneurs and corporations looking to establish in the city – but that doesn’t mean you should be hasty! Today Bedrock Realty Advisors Inc. a trusted commercial realty advisor in Calgary, discusses the top five things to consider before looking for a commercial space to rent in Calgary.

  1. Location, Location, Location
    The most important factor in choosing your Calgary lease space is the location. The city has many desirable locations, including downtown. Right now is a great time for smaller businesses or startups to invest in downtown. Lease rates are down since several notable energy companies have pulled out of Alberta. This has opened up the core to revitalization as some property developers are turning empty towers into apartments. Slowly but surely, downtown is changing to have a wider range of businesses, along with more residences. If you are on the hunt for commercial space to rent in Calgary, don’t discount downtown. You may be surprised at what you can get for a great price right now.
  2. Growth Potential
    Moving a business is time-consuming and very expensive. Before you put down a deposit on a commercial space for lease in Calgary, ensure it has the room you need to expand. It is well worth looking at buying up adjacent bays, or facilities with a few extra office spaces even if they will sit empty for a couple of years. The price of maintaining the space is often less than the price of relocating and changing your address on all of your branding materials.
  3. Easy Access
    Whether your commercial space for rent in Calgary is going to rely on foot traffic from customers (like a retail store) or not (like warehousing or online services), it must be accessible. You, your customers, and your staff want to be close to work via a short commute or by public transit. Commercial space for lease in Calgary’s downtown is a great option because the C Train is free to use downtown. This means your customers and staff don’t have to worry about parking or slippery roads during Alberta’s chilly winters.
  4. Value Add-Ons
    Again, considering both your customers and your staff, you want a location that has extra value for everyone that uses or comes to the space. Your commercial space for rent in Calgary should be close to amenities like green spaces, lunch shops, and safe walking trails (be they streets or more suburban areas). Also consider the value of having accessible washrooms for the differently-abled, gender-neutral washrooms, lactating rooms for female staff that are nursing, nap rooms (which are trending right now!) and being close to laundry mats and grocery stores for the team members that must take care of these chores before or after their workday.
  5. Future Potential
    The commercial space for rent in Calgary that you ultimately decide on must also depend on the area’s future potential. The City of Calgary is looking to attract tech-focused businesses, for example, meaning any company that is tech-focused or supplies the tech sector would be wise to rent in downtown Calgary before competition for space ramps up.

Bedrock Realty Advisors Inc. guides those looking for commercial space to lease in Calgary through the process of finding the ideal location for your business’ present and future needs. Contact us today and let us help you find the perfect spot to launch and thrive.

Upsizing and Downsizing the Smart Way with Downtown Calgary Office Space

Office Space in Downtown Calgary

Most entrepreneurs think that upsizing is the best way to measure company growth, but let’s not be too hasty. Downsizing could also be a strategic move, and with the many options for downtown Calgary office space, you can find the perfect fit for any business situation.

Here at Bedrock Realty, we have a singular focus on matching businesses of all sizes with spaces to rent or lease in downtown Calgary, or any of the other popular districts. We are plugged into the industry and have access to the most unique spaces, be they towering lofts, accessible to transport corridors, or situated to draw in foot traffic.

We’ve seen many companies up or downsize for many reasons.

Office Space in Downtown Calgary

Upsizing to Accommodate Less Staff but More Products

When product-based companies leverage automation, allow the team to telecommute, or move operations to a digital platform, they often upsize their warehouse space while simultaneously downsizing their office space. They still need office space, just not as much.

Why not try moving the warehouse operations to the transport corridor and the administration offices to a downtown office space? The admin team would appreciate walking access to shops, eateries and services, along with easy access to the LRT line. It’s a creative upsizing solution.

Downsizing for the Staff

We mentioned telecommunicating above, as it is something that helps your team balance busy work and home lives. Even a growing company can downsize into a boutique Calgary downtown office space by setting up a drop in shared workplace environment instead of traditional offices.

Just imagine – your team can work from home but when they need to meet clients or have meetings, they can find an open desk or workspace in your office, and just plug in their laptop. Again, the downtown location is perfect for this type of setup as the shift from corporate headquarters to more tech-focused and boutique businesses is going on right now.

Up or Downsizing to take Advantage of the Calgary Downtown Office Space Market

There is no easy way to put it – lease rates in downtown Calgary have plunged and vacancy rates are high. Although this represents a tough time in our economy, there is a very big silver lining. Up and coming entrepreneurs and small businesses can take advantage of lower rates to move into Calgary’s downtown core, and larger businesses that are winding down operations can divest themselves of sprawling facilities on the outskirts finish out their days in chic offices downtown.

Bedrock Realty matches you with the downtown Calgary office space you need

Whether your company is up or downsizing for any reason, you need the perfect office space for your clients, your team, and your operations. Let us put our experience to work for you. We match you with the best downtown office space in Calgary so your business can continue thriving. Contact us today to learn more.

Bedrock Featured in CREB

John Savard was recently quoted in CREB Now as an expert in the Office Space for lease Calgary market. Below is a portion of the article. Read the Full Article.

Commercial real estate felt the pinch of a slumping economy in 2016 and Calgary’s suburban office market was no exception.

From headleases – between a landlord and a tenant – to subleases – where a tenant puts some of their excess space on the market – commercial real estate outside the core had its challenges.

“A significant amount of very, very large blocks of vacancies are available on the sublease market and the head lease market, for that matter, and we have not seen a great number of tenants going in to take those spaces,’’ said John Savard, principal, office leasing specialist with Bedrock Realty Advisors Inc.
Suburban office vacancy rose 0.3 percent during the fourth quarter of 2016 to 22.6 percent, according to a recent Barclay Street Real Estate report.

John news-page-001
John Savard of Bedrock Properties Ltd., discusses Calgary’s commercial real estate market with CREB Now. Click photo to view full article.