Robust demand for Calgary industrial real estate market

The Calgary industrial real estate market was very active during the first quarter of this year but despite this activity, vacancy only decreased by three basis points and now sits at 5.79 per cent, according to a report by Colliers International.

Absorption, which is the change in occupied space, was strong during the quarter at 515,536 square feet.

The report said large blocks of space remaining vacant are a large contributor to keeping vacancy high.

Read the story here.

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