Calgary Industrial Market Report Q4 2019

Download Report
research article

Calgary’s industrial market experienced a stable quarter, with vacancy decreasing 3 basis points to 6.04%. Calgary remains as an attractive market for its abundance of newly built product, low rental rates compared to other major Canadian cities, and location as a Western distribution hub. Our outlook into 2020 is positive as we expect absorption to catch up to the oversupply of new construction experienced in the past 24 months.

  • While the market remains slow, absorption increased with ±768,252 square feet of net positive absorption in the fourth quarter.
  • There has been 6.4 million square feet of new supply experienced over the previous 24 months. 
  • A 24% increase in commercial tax rates in the past 2 years has resulted in increased bankruptcies among smaller tenants.

Industrial1024x972

Calgary Industrial Market Report Q4 2019

Download Report
For More Information, Please Contact:

Matt Rachiele

Managing Director | Calgary Brokerage

Calgary

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.

View Expert