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Calgary Industrial Market Report Q1 2022

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research article

Q1 2022 began with a frenzy of activity throughout the Calgary industrial market, and specifically, demand for distribution-related space has driven vacancy down to the lowest level experienced since Q4 2014.

  • Q1 2022 marked the third consecutive quarter of over 1 million square feet of positive net absorption drove industrial vacancy down to the 3.50% mark, and dwindling supply continues to place upward pressure on net rents.
  • The land market is also accelerating, with strong demand for industrial land both in and outside of the city limits and developers eager to secure future sites to help satisfy market demand.
  • A return of institutional demand, private capital interest, sinking vacancy rates and growing rents have all contributed to valuations in the low 4% cap rate range.

Calgary Industrial Market Report Q1 2022

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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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Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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