Calgary Industrial Market Report Q2 2020

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research article

The Calgary industrial market showed signs of resiliency throughout the second quarter of 2020 as the true impact of the COVID-19 virus was felt locally and throughout the global economy.

  • With indications of optimism and recovery slowly becoming more evident in various segments of the market, the Calgary industrial market was not nearly as negatively impacted as originally anticipated.
  • Leasing and sales momentum held firm especially in the Balzac district, as Amazon, Lowe’s Canada, and CHEP Canada all announced successful lease transactions throughout the quarter.
  • New requirements have also emerged as a result of COVID-19, as there has been an increase in users looking to get into PPE manufacturing, domestic e-commerce, and food/pharmaceutical distribution as many of these essential services have seen a surge in activity.


Calgary Industrial Market Report Q2 2020

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Matt Rachiele

Managing Director & SVP, Investment Sales


Matt is a Senior Vice President, Investment Sales and currently leads the Southern Alberta Commercial Brokerage operations for Colliers, including 75 professionals focused on Office, Industrial, Retail, Multi-Family and Development Land Sales, Leasing & Development transactions. He is also the acting Canadian Chair on Colliers' Global Capital Markets leadership team, a group of 11 that coordinates that activity across the 68 countries we operate within.

Matt assumed his role at Colliers in April 2019 upon leaving TD Securities, the capital markets division of the Toronto Dominion Bank Group. He 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. He has unique, real-time insight into what’s happening in the Western Canadian Oil & Gas sector and is often tapped by our Institutional and Private Clients to brief them on how those dynamics dovetail into CRE.

Matt is a CFA Charterholder, is licensed under RECA to practice in commercial real estate, is ASC (ARGUS Enterprise) Certified, has a BComm, Finance from the Haskayne School of Business at the University of Calgary and was previously qualified under FINRA as an investment banking representative in the U.S. 

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