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Calgary Industrial Market Report Q2 2021

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research article

Activity in the Calgary Industrial market through the Q2 2021 has witnessed the continuation of demand in the distribution and logistics sector.

  • The downward trend in the vacancy rate continued, dropping 27 basis points (bps) from 5.35% in Q1 2021 to 5.08% in the Q2 which has put upward pressure on market rents and decreased inducements.
  • Another sign of the strengthening market has been the successful sales of owner / user properties that had extended time on market as purchasers are taking advantage of the low interest rate environment and growing optimism as the economy emerges from the impacts of the pandemic.
  • The most notable project to reach completion this quarter was the Lowes distribution centre building in Balzac which was originally announced in Q2 2021. The 1.23 million square foot facility is scheduled to open in the fall of 2021 and will be part of an initiative to better optimize the company’s Canadian distribution network1.

Calgary Industrial Market Report Q2 2021

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Pour plus d’informations, veuillez contacter:

Paul Marsden

Executive Vice President | Partner | Industrial Sales & Leasing

Calgary - Southeast Industrial Office

Paul focuses his day-to-day efforts primarily on working with tenants and purchasers in the mid-to-large user category throughout Western Canada. Paul has established a list of clients who benefit from his strategic negotiating skills, which combine leveraging his knowledge of current market dynamics with creative 'out-of-the-box' thinking. Paul's work ethic has made him one of the leading industrial agents in the Calgary market and he was made a partner of Colliers in 2012. He continues to expand his client base, and looks forward to building on existing relationships.

 

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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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