Continued high absorption in the industrial market for the fourth quarter further trends vacancy downward. Developers are searching for ideal land purchase opportunities to add inventory, as a lot of the under-construction inventory are under active lease negotiations or already leased.  More below ↓ For more information on the construction front, read here → https://www.jll.ca/en/trends-and-insights/research/canada-construction-outlook-q4-2021  

“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 …