Calgary Industrial Market Report Q1 2020

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First and foremost, Colliers would like to extend our best wishes to all during this tremendously challenging period. We hope that all of you reading this remain safe and healthy, and we would like to share our deep sense of gratitude for all the essential service workers continuing to help, support, protect and heal us during this time.


  • The Calgary Industrial Market started the year strong with strong sales and leasing momentum in the large-bay segment which contributed to the positive absorption experienced this quarter.
  • Enright Capital' HF11 industrial condominium development completion was the most notable development of the quarter, marking the first new speculative development in the central market since 2016
  • Many user businesses related to essential services have seen a spike in activity and in some cases are evaluating additional short term space to help combat the new demand.


Calgary Industrial Market Report Q1 2020

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For More Information, Please Contact:

Matt Rachiele

Managing Director | Calgary Brokerage


Matt oversees the Southern Alberta Commercial Brokerage operations for Colliers, including Office, Workplace Strategy & Innovation, Industrial, Retail and Investment Sales transactions. He assumed this role in April 2019 upon leaving TD Securities, the capital markets division of the Toronto Dominion Bank Group.  Matt was an investment banker for twelve years in total, during which time he provided financial and strategic advisory services to a broad range of corporate and institutional clients, including two years as a Mergers & Acquisitions specialist in Toronto and the past eight years with TD’s Global Energy Group based here in Calgary.  

Matt has closed on ~$40Bn of lead transactions through the course of his career, including several of the largest IPOs and M&A transactions in Canadian history.  These included mandates spanning domestic and international Oil & Gas, Energy Infrastructure, Power & Utilities, Mining, Financial and Diversified companies.

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