Calgary industrial real estate market coming off a strong year

Leasing activity in Calgary’s industrial real estate market in 2014 was the highest it’s been in eight years.

A report by Colliers International in Calgary says there was just over five million square feet of absorption (the change in occupied space) last year — the highest yearly absorption since 2006.

Despite the high rate of absorption, only 500,000 square feet of new construction was added to the industrial inventory in the fourth quarter of last year, added the report.

Read more HERE.

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