Calgary industrial real estate market sees slight increase in vacancy rates

Net absorption was a positive 141,000 square feet but that was significantly down from the 768,000 square feet in the fourth quarter of 2019

Calgary industrial real estate market sees slight increase in vacancy ratesA report by commercial real estate firm Colliers International indicates the vacancy rate and availability rates in Calgary’s industrial real estate market rose in the first quarter of 2020. The report said the vacancy rate rose to 6.07 per cent from 6.04 per cent in the previous quarter. The availability also rose to 10.68 per…

Industrial real estate outlook guarded

Cushman & Wakefield report says while the vacancy rate is unchanged, many companies have been exploring creative ways to thrive

Industrial real estate outlook guardedCalgary’s industrial real estate market is well positioned to capitalize on tenant demand but headwinds of economic uncertainty will continue through 2020, according to a third-quarter report by Cushman & Wakefield.  “While the City of Calgary has made efforts to diversify its employment base with the Opportunity Calgary Investment Fund, the city remains heavily dependent…

Construction pushes up Calgary industrial real estate vacancies

Barclay Street report says another 1.5 million square feet under construction is slated for completion this year

Construction pushes up Calgary industrial real estate vacanciesFollowing three quarters of vacancy stability at about 5.5 per cent in the greater Calgary area industrial market, vacancy has made a notable move upward, says a new report by Barclay Street Real Estate. But that reality is not due to companies occupying less space. The main cause was the completion of 1,127,871 square feet…
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