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Calgary Industrial Market Report Q3 2020

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research article

The overall activity in the Calgary industrial market, through the third quarter of 2020, held firm as there were continued signs of optimism, despite the prevailing headwinds from the COVID-19 pandemic, which have continued to contribute to the downturn in the Alberta economy as a whole.

  • Leasing in Calgary's large-bay sector has continued to help offset the increased volume of vacant new listings that have come to the market over the past two quarters.
  • Despite the decline in activity in certain segments of the market, overall vacancy only increased 8 basis points to 6.32% in the third quarter of 2020.
  • Aosom, a new entrant into the Calgary market, announced their ±170,000 square foot lease deal in Building 3 in Highfield Investment Groups' High Plains Industrial Park in
  • Balzac, and Metro Logistics finalized a ±159,000 lease deal in the former Kraft Foods facility in Great Plains with Triovest Realty Advisors & OPTrust.

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Calgary Industrial Market Report Q3 2020

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