“Traditionally, the city hasn’t been a big market for rentals,” says Kendall Brown, manager of rental data for Alberta for Zonda Urban.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Average new rentals downtown charge $2.75 per square foot, the report shows. That’s compared with $4.17 in Toronto and $4.86 in Vancouver, Brown notes. Yet the fact new projects are launching shows developers have “confidence” in the market, Brown says.Article content“It’s very much in the inner city, just one LRT station away from downtown,” says Edan Lindenbach, principal at Jemm Properties, the developer behind the new project.
Bridge also illustrates many trends among multi-family purpose-built projects, offering a large slate of amenities. It has a 4,500-square-foot rooftop lounge with kitchen and barbecue facilities, and even work pods for tenants working from home. Bridge also includes a rooftop dog-walk on another floor.Article content
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