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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.

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Calgary Industrial Market Report Q3 2019

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