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Calgary Industrial Market Report Q1 2021

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research article

The Calgary industrial market continued to see an influx of activity as we transitioned from a resilient final quarter of 2020 into one that saw some of the strongest leasing and sales that has been experienced in recent years.

  • One of the most notable trends that has been evident is the emergence of the film industry and the significant focus on Calgary and the surrounding area as a film and television production hub.
  • Absorption this quarter almost equivalated to the total amount of absorption that was experienced in 2020. This significant positive absorption, combined with pent-up demand in the large-bay segment, and compression in Canada’s other core markets, has driven vacancy down 82 basis points to 5.35% from 6.17%.
  • The lack of new supply and speculative development currently under construction within the city limits, alongside the shortage of development ready land opportunities, will force users to continue to look for space in Balzac or the 84th Street corridor.

Calgary Industrial Market Report Q1 2021

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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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