Q4 2021 Avison Young Calgary Industrial Market Report
February 14, 2022
2021 saw one of the sharpest decreases in vacancy the Calgary industrial market has ever experienced. Between Q4 2020 and Q4 2021 the vacancy rate decreased from 8.1% to 3.3%. Increased demand for distribution and fulfillment space combined with a slowdown in the development cycle has caused a temporary scarcity of large-bay space.