Calgary Industrial Market Report Q3 2019

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research article

Calgary’s industrial market experienced its third consecutive quarter of an increase in overall vacancy, increasing 30 basis points to 6.1%.

  • The increase in vacancy over the past 9 months has predominately been influenced by significant speculative development projects that have reached completion.
  • Despite the escalation in vacancy, net absorption more than doubled from the second quarter of 2019 to ±585,789 square feet.
  • Positive absorption has been maintained by steady leasing and sales activity, particularly in the medium-bay segment of the market.


Calgary Industrial Market Report Q3 2019

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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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