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Calgary Industrial Market Report Q4 2020

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research article

The Calgary industrial market experienced a strong Q4 to round out a tumultuous year, as these unprecedented times created an array of difficulties and uncertainty for many owners and occupiers alike. Strong leasing activity in the large-bay segment continued to combat the amount of vacant space that was brought onto the market in Q4, and this trend will remain as we enter 2021, with the COVID-19 pandemic still at the forefront. However, as vaccination efforts increase and signs of optimism improve, the industrial market will continue to see momentum in the different segments of the market have held strong throughout 2020.

  • Momentum in the large-bay segment, coupled with minimal new supply, helped drive overall vacancy down 15 basis points to 6.17% in the fourth quarter.
  • Approximately 2.0 million square feet of product under construction throughout the Greater Calgary Area; however, 91% of it is accounted for in the Balzac district and only  ±726,364 square feet is being built on spec.
  • Our outlook for 2021 remains positive as many encouraging signs experienced throughout the year will continue into 2021, and with several sizeable requirements actively in the market, vacancy and availability rates are projected to trend downwards.

Calgary Industrial Market Report Q4 2020

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Pour plus d’informations, veuillez contacter:

Matt Rachiele

Managing Director | Calgary Brokerage


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Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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