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Calgary Industrial Market Report

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research article

Over the past 12 months, the Greater Calgary Area (GCA) Industrial market has seen an unprecedented surge in activity, driving vacancy below 3% for the first time since 2008, which is driving market rents upwards, a trend Colliers expects will continue.

- Vacancy decreased significantly again this quarter, settling at 2.40% for Q2 compared to 3.50% in Q1 2022.

- With the lack of available existing inventory, and the current state of most under-construction buildings, Calgary’s industrial absorption levels will be diminished for the balance of the year, however strong demand for speculative developments and new built-to-suit facilities is expected to remain high.

- Calgary and the surrounding markets continue to see good depth and breadth of investor interest in available opportunities (income producing and development) from a broad range of investor types, located both locally and abroad.


Calgary Industrial Market Report

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Pour plus d’informations, veuillez contacter:

Ian Huston

Managing Director, Calgary | Brokerage

Calgary

Ian is Managing Director in the Calgary office. Ian focuses on attracting  and retaining top performers in commercial real estate, as well as supporting Colliers' growth strategies and maintaining the company's top industry standing.

Ian is a seasoned leader with over 15 years of progressive experience in investment banking, corporate and capital markets, financing, and strategic advisory at a leading Canadian financial institution. He has led over $40 billion of successful M&A transactions, and numerous equity and debt financings.

Throughout his career, Ian has been a trusted advisor to executive management and board of directors of over 20 companies in the North American energy sector, including: upstream (conventional, oil sands, royalties), midstream, downstream, and energy services.

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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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Adam Jacobs

Senior National Director, Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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