“Vacancy holds at 1.5% as demand remains strong, with supply constraints forecasted for 2023” Occupiers continue to pursue industrial space as supply remains lean, despite developers’ best efforts to deliver new product in a challenging construction cycle. The Balzac area continues to be the fastest growing Calgary industrial market.

Our Team is participating in the Anthem Properties Group Ltd. Movember contest! The funds we raise throughout the month will help make a difference in men’s lives by fueling work in mental health, medical research, tests, and treatments for prostate and testicular cancers. Please consider donating to our Movember efforts in support of men’s health! LinkedIn Post here: Visit our team’s page to donate and …

“As vacancy continues to fall, new construction has become the primary source of user growth” With 4.7M sq.ft. of absorption this past quarter the industrial market in Calgary continues to tighten, driving focus on newly constructed product. Forecast is that we will not reach a more balanced market until 2024.