The Office Lease of the Year Award is open to lease transactions on which an unconditional, binding agreement was reached during the Eligibility Period: January 1, 2022 to December 31, 2023. New leases and renewals are both eligible. The lease must be for a minimum of 20,000 square feet. All leases within the City of Calgary and the Greater Calgary Area are eligible for this award.

The Office Development  of the Year Award is open to development projects that have been completed or substantially completed during the Eligibility Period: January 1, 2022 to December 31, 2023. A minimum of 50% of the gross leasable area in the project must be for conventional office use and eligible projects must be at least 50% leased (unconditional) by the
submission date. If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. The development or redevelopment cost of the project including land, hard and soft costs must be at least $10,000,000. Projects in which the owner occupies space are eligible for the Award, provided that a minimum of 50% of the leasable area of the Project is leased or available for lease by third parties. All projects within the City of Calgary and the Greater Calgary Area are eligible for this award.

The Office Redevelopment of the Year Award is open to re-development projects that have been completed or substantially completed during the Eligibility Period: January 1, 2022 to December 31, 2023. A minimum of 50% of the gross leasable area in the project must be developed or redeveloped and eligible projects must be at least 50% leased (unconditional) by the submission date. The project may either be new-build construction, retrofit construction, adaptive re-use
construction or substantial renovation for repositioning an existing asset. If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. The development or redevelopment cost of the project including land, hard and soft costs must be at least $8,000,000. Projects in which the owner occupies space are eligible for the Award, provided that a minimum of 50% of the leasable area of the Project is leased or
available for lease by third parties. All projects within the City of Calgary and the Greater Calgary Area are eligible for this award.

The Industrial Lease of the Year Award is open to lease transactions on which an unconditional, binding agreement was reached during the Eligibility Period: January 1, 2022 to December 31, 2023. New leases and renewals are both eligible. The lease must be for a minimum of 50,000 square feet. All leases within the City of Calgary and the Greater Calgary Area are eligible for this award.

The Industrial Development of the Year Award is open to both development and re-development projects that have been completed or substantially completed during the Eligibility Period: J January 1, 2022 to December 31, 2023. If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. Projects in which the owner occupies space are eligible for the Award. All projects within the City of Calgary and the Greater Calgary Area are eligible for this award.

The Retail / Mixed Use Development of the Year Award is open to development and re-development projects that have been completed or substantially completed during the Eligibility Period: January 1, 2022 to December 31, 2023. A retail or mixed use development is considered a building or a complex of buildings, which is entirely retail in nature or a building with a mix of retail, office, residential, cultural, hospitality or institutional uses whose functions are physically integrated. Eligible projects must be at least 50% unconditionally leased or sold by the submission date. All projects within the City of Calgary and the Greater Calgary Area are eligible for this award.

If a project was completed prior to the commencement of the Eligibility Period but did not meet the leasing threshold until the Eligibility Period, it is eligible and should be submitted. The development or redevelopment cost of the project including land, hard and soft costs must be at least $5,000,000. Projects in which the owner occupies space are eligible for the Award, provided that a minimum of 50% of the leasable area of the Project is leased or available for lease by third parties.

The Investment Deal of the Year Award is open to investment transactions closed during the Eligibility Period January 1, 2022 to December 31, 2023. If it is a single property transaction, the property must be located within Calgary and Region and must be used for office, industrial or retail / mixed use purposes. If it is a portfolio transaction, a material component of the properties portfolio must be located within Calgary and Region. The value of the transaction must be a minimum of $10,000,000 in order to be eligible. Projects or portfolios in which the purchaser occupies space (or intends on occupying space) are eligible for the Award, provided that a minimum of 50% of the leasable area is leased or available for lease by third parties. All deals within the City of Calgary and the Greater Calgary Area are eligible for this award.

The Retail Lease of the Year Award is open to lease transactions on which an unconditional, binding agreement was reached during the Eligibility Period: January 1, 2022 to December 31, 2023.  New leases and renewals are both eligible.  The lease must me for a minimum of 5,000 square feet of space or 10,000 square feet of land.  All leases with the City of Calgary and the Greater Calgary area are eligible for this award.

NAIOP’s Developing Leader Award is given to young professionals 35 years of age or under, who have distinguished themselves in their professions and show great promise as future leaders of the commercial real estate industry. One or more awards may be available in any given year. Finalists in this category will be selected by a panel of current Directors of NAIOP Calgary Chapter.

The REX Awards are the most prestigious standards of achievement within the office, industrial and mixed-use real estate industry. The Lifetime Achievement Award is one of the individual honorary REX Awards presented annually by the Board of Directors of NAIOP Calgary Chapter. The Lifetime Achievement Award is given each year to a member of the Calgary commercial real estate industry to recognize the outstanding contributions and achievements throughout his/her career.