Calgary Industrial Market Report Q4 2019

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Calgary’s industrial market experienced a stable quarter, with vacancy decreasing 3 basis points to 6.04%. Calgary remains as an attractive market for its abundance of newly built product, low rental rates compared to other major Canadian cities, and location as a Western distribution hub. Our outlook into 2020 is positive as we expect absorption to catch up to the oversupply of new construction experienced in the past 24 months.

  • While the market remains slow, absorption increased with ±768,252 square feet of net positive absorption in the fourth quarter.
  • There has been 6.4 million square feet of new supply experienced over the previous 24 months. 
  • A 24% increase in commercial tax rates in the past 2 years has resulted in increased bankruptcies among smaller tenants.

Calgary Industrial Market Report Q4 2019

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Pour plus d’informations, veuillez contacter:
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Matt Rachiele

Managing Director | Calgary Brokerage

Calgary

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