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…

Calgary industrial real estate development ramps up

Many occupiers are beginning to value quality of real estate over location: CBRE report

Calgary industrial real estate development ramps upDespite steady industrial real estate market activity, new inventory pushed the availability rate to its highest level in two years in the second quarter of this year, says a new report by CBRE Ltd. The report said the quarter had steady activity with 512,305 square feet of positive absorption – the change in occupied space.…

Strong demand for Canadian industrial real estate: report

Avison Young says demand will continue to outpace new development, driven by e-commerce

Strong demand for Canadian industrial real estate: reportCanada's industrial real estate market began 2019 on a strong footing, building on the exceptional results achieved in 2018, according to a new report by Avison Young. “While Vancouver and Toronto remain key markets for occupiers and investors, scarcity of product was evident in the single-digit vacancy rates posted across the country in the first…

Industrial real estate market still has hot spots

Kaile Landry of Barclay Street Real Estate talks about how the market options are changing and how they could shift even more dramatically

Industrial real estate market still has hot spotsKaile Landry is a leasing and sales associate with the industrial division at Barclay Street Real Estate Ltd. in Calgary. What's your feel of the current industrial real estate market in Calgary? Landry: A large part of my business comes from very specific industries such as oil and gas manufacturing, fabrication, welding, truck service and…

Calgary industrial real estate market on the upswing

Cushman & Wakefield report says the vacancy rate is declining even as new space is added to the market

Calgary industrial real estate market on the upswingThe Calgary industrial real estate market remains active despite uncertainty surrounding the energy market, interest rates expectations and politics, says a report by Cushman & Wakefield. The report said the overall vacancy rate in the city fell to 7.5 per cent in the fourth quarter of 2018 from 7.9 per cent the year before. And…

Leasing activity strong in Calgary industrial real estate market

Several new warehouse construction projects completed in the fourth quarter and more is on the way

Leasing activity strong in Calgary industrial real estate marketThe vacancy rate in Calgary’s industrial real estate market stayed relatively flat at the end of 2018, climbing by just four basis points to 5.48 per cent, says Barclay Street Real Estate. In its annual report on the market, the company said this is the first increase in vacancy following six consecutive quarters of decline…

Calgary industrial real estate activity ‘robust’ in 2018

Largely driven by e-commerce retailers, demand is expected to continue well into 2019, CBRE says

Calgary industrial real estate activity ‘robust’ in 2018Calgary's industrial real estate market posted its eight consecutive quarter of positive net absorption in the fourth quarter of 2018, according to commercial real estate firm CBRE. A report by the company said absorption – the change in occupied space – was 455,941 square feet during the quarter, which moved the annual total to 3.1…

Calgary industrial real estate market surges

Of the total square footage under construction, CBRE said more than 85% is being built on spec

Calgary industrial real estate market surgesThe Calgary industrial real estate market had just over 3.9 million square feet in the construction pipeline at the end of the third quarter, the second largest amount recorded since an historical high of 5.2 million square feet in the first quarter, according to a new report by CBRE. Of the total square footage under…

Calgary’s industrial real estate market focusing on efficiencies

Brent Johannesen of Cushman & Wakefield sees the repurposing of older buildings and new projects with improved features

Calgary’s industrial real estate market focusing on efficienciesBrent Johannesen is vice-president of industrial sales and leasing for Cushman & Wakefield in Calgary. Calgary’s Business: What's the current vacancy rate in Calgary's industrial real estate market and how does it compare to a year ago and historical rates? Johannesen: Currently the industrial vacancy rate in Calgary sits at 7.5 per cent, down from…

Calgary industrial real estate market on upswing

Abundance of land and access to major rail yards is helping the city become a significant inland port

Calgary industrial real estate market on upswingThe second quarter of 2018 marked the end of five consecutive quarters of declining vacancy in Calgary’s industrial real estate market, says a new report by Barclay Street Real Estate. There was a slight uptick of 0.01 per cent to 5.67 per cent overall, says the report. The report said absorption – the change in occupied…