Allied Properties REIT Will Not Delay Telus Project

The transcript discusses the current market conditions, highlighting a 20% availability rate and its impact on commoditized office spaces. Allied's differentiated approach has insulated it from the downturn, with a slight increase in leased area in Calgary. The future market is expected to be challenging, but Allied remains committed to the Telus Sky project, with a significant portion of its office space pre-leased and residential space set to enter the market by 2018.

What is the current availability rate of office space in the Calgary market?

• 30%

• 40%

• 20%

• 10%

How has Allied managed to stay insulated from the Calgary market downturn?

• By reducing office space availability

• By offering commoditized office space

• By increasing rental prices

• By providing differentiated office space at lower costs

What is the approximate percentage of Allied's NOID represented by its Calgary portfolio?

• 15%

• 9-10%

• 20%

• 5%

What is the anticipated duration of the market challenges in Calgary according to the speaker?

• Severe but short

• Moderate and brief

• Deep and long

• Short and mild

What percentage of the Telus Sky project's office space is already pre-leased?

• 25%

• 38%

• 50%

• 60%