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.