The Calgary industrial market showed signs of resiliency throughout the second quarter of 2020 as the true impact of the COVID-19 virus was felt locally and throughout the global economy.
- With indications of optimism and recovery slowly becoming more evident in various segments of the market, the Calgary industrial market was not nearly as negatively impacted as originally anticipated.
- Leasing and sales momentum held firm especially in the Balzac district, as Amazon, Lowe’s Canada, and CHEP Canada all announced successful lease transactions throughout the quarter.
- New requirements have also emerged as a result of COVID-19, as there has been an increase in users looking to get into PPE manufacturing, domestic e-commerce, and food/pharmaceutical distribution as many of these essential services have seen a surge in activity.
