JLL Industrial’s Chris Saunders and Casey Stuart speaks to current industrial market and prominent Balzac developments. Thank you, Calgary Herald and David Parker for your recent article highlighting our involvement and insights into the hot market we’re experiencing in Calgary and the CGA! “Calgary has many advantages that continue to attract companies. They include the lowest corporate income tax rate in Canada, a highly educated workforce, diversified economy, affordable …

“While vacancy increased slightly, user demand remains strong” Overall activity in the marketplace remains high despite the slight uptick in vacancy. Tight conditions and higher prices are expected throughout this year in addition to growth as Calgary was quoted as “the primary centre for distribution in Western Canada” by CN Rail.

“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.