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.
