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Calgary Industrial Market Report Q3 2021

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research article

Overall activity in the Calgary industrial market has continued to remain resilient as we have seen the continuation of strong market fundamentals, coupled with heightened demand throughout the industrial market as a whole.

  • Vacancy decreased 30 basis points from 5.08% in the second quarter of 2021 to 4.78% in the third quarter. As experienced in Q2, this quarter also saw considerable net positive absorption at ±1.2M SF.
  • One of the most notable themes from the third quarter of 2021 is the immense amount of inventory under construction throughout the city and the surrounding area. There is currently ±6.7M SF of industrial projects underway, with the majority of this being developed in the southeast industrial market
  • As foreshadowed in our Q2 report, we are witnessing a surge of industrial investment sales activity due to pent-up demand from investors seeking yield, desirable fundamentals, and the competitive landscape relative to the M.T.V. (Montreal, Toronto, Vancouver) markets.

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Calgary Industrial Market Report Q3 2021

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For More Information, Please Contact:

Paul Marsden

Executive Vice President | Partner | Industrial Sales & Leasing

Calgary - Southeast Industrial Office

Paul Marsden is an Executive Vice President & Partner of the Colliers Calgary operations.  In his day-to-day efforts he focuses on the Calgary industrial real estate market, specializing in tenant and user representation.  Throughout his career Paul has established a strong reputation for evaluating the current market conditions and in-turn strategizing to best serve his client’s requirements.  In conjunction with his team, they have completed 18.1m sf of transaction and nearly 1,000 acres of land sales over the past 5 years, representing approximately $1.45b in transaction value. 

Beyond brokerage Paul has an active role on the Board of Director for the Colliers Calgary operations, and he takes pride in seeing both the development of the people within Colliers, and the overall growth of the company.  

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