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'Record high activity': Calgary's industrial real estate market blossoming in 2022

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Calgary’s industrial real estate market is seeing record high activity after a COVID-19 pandemic boost, which experts say could mean more job opportunities for residents and a growing tax base for the city yyc

Real estate company JLL recently released national Q2 2022 insights into industrial real estate markets, including Calgary. The latest numbers show a high level of activity, with 905,410 square feet of space taken off the market as investors look to keep up with sky-high demand brought on during the pandemic.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.

“Our vacancy rate as of the end of Q2 2022, and it really depends on which broker you ask, it’s hovering somewhere between 1.5 to 2.5 per cent…That is the lowest vacancy rate that Calgary has experienced since 2008,” said Raykhlin. “It’s record high activity, and it’s continuing to soar. Demand is soaring.”

Greg Kwong, regional managing director for the Canadian Prairies for CBRE Ltd., said all the major retail companies operating in e-commerce, such as Amazon and Canadian Tire, are either distributing through Calgary or are planning to be here.

 

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'Record high activity': Calgary's industrial real estate market blossoming in 2022Calgary’s industrial real estate market is seeing record high activity after a COVID-19 pandemic boost, which experts say could mean more job opportunities for residents and a growing tax base for the city yyc
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