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Calgary Industrial Market Report Q4 2022

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The industrial real estate market in the Greater Calgary Area (GCA) experienced a slight increase in vacancy in Q4 2022, rising 13 basis points to 2.34% overall, but still had the strongest year of all the markets in Canada in terms of absorption at 11.7 million square feet.

  • Pre-leasing activity remains strong, and even with approximately 5.0 million square feet of inventory still under construction, Colliers expects vacancy to decrease over the course of 2023.
  • Although investment sale activity in the GCA slowed in 2022, it is expected that the current offerings and new listings anticipated in the new year will bring much needed price discovery.

Calgary Industrial Market Report Q4 2022

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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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Adam Jacobs

Head of 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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