Calgary redefining what to do with an empty office space – – Journal Of Commerce

In October 2023, Calgary has become a leader in North America with its Downtown Development Incentive Program (DDIP). Launched in 2021, the program aims to convert six million square feet of vacant office space to residential by 2031. Already, 1.3 million square feet of office space has been converted, with up to $15 million in grants provided. The 10 projects so far will add over 1,200 housing units, including affordable units, and increase the downtown population by up to 20%.

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