“Record setting occupier demand as absorption approaches 6M s.f. in 2021” Continued positive absorption has occurred in Calgary’s industrial market this last quarter, largely due to Lowes taking occupancy of their 1.2m s.f. new distribution center in Balzac, Alberta. Pre-leasing in under-construction inventory is unusually strong, as is investor interest. Not surprisingly, as availability decreases and demand continues, net rental rates are experiencing upward pressure.

Thank you, David Parker, for your recent article in the Calgary Herald. “Their recent transactions include several that are good economic indicators of the strengths of this city as a place to do business.” The size of Calgary’s industrial footprint has doubled since 2000, with strong indicators pointing to accelerating momentum. We are dedicated to maximizing this opportunity for our city, and look forward to helping …

Q2 observations see a resurgence of investment interest, driving down capitalization rates and increasing property values for industrial spaces as Calgary sees strong absorption. Vacancy in the industrial market has decreased further and this trend is expected to continue for the remainder of 2021. See Calgary’s Q2 Insight Report → https://lnkd.in/erGW2sbX To view all of Canada’s industrial research, visit → https://lnkd.in/eU8h9eu6