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Calgary Industrial Market Report Q3 2021

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research article

Overall activity in the Calgary industrial market has continued to remain resilient as we have seen the continuation of strong market fundamentals, coupled with heightened demand throughout the industrial market as a whole.

  • Vacancy decreased 30 basis points from 5.08% in the second quarter of 2021 to 4.78% in the third quarter. As experienced in Q2, this quarter also saw considerable net positive absorption at ±1.2M SF.
  • One of the most notable themes from the third quarter of 2021 is the immense amount of inventory under construction throughout the city and the surrounding area. There is currently ±6.7M SF of industrial projects under way, with the majority of this being developed in the southeast industrial market
  • As foreshadowed in our Q2 report, we are witnessing a surge of industrial investment sales activity due to pent-up demand from investors seeking yield, desirable fundamentals, and the competitive landscape relative to the M.T.V. (Montreal, Toronto, Vancouver) markets.

Calgary Industrial Market Report Q3 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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