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Stories Tagged - Industrial

Cody Stuart / CREB®Now
News

Sept. 04, 2019 | Mario Toneguzzi

Movers and shakers: Trends in the Calgary commercial real estate market

The health of Calgary's commercial real estate market is often defined by what's happening with the city's downtown office space, but it doesn't tell the whole story.

CREB®Now Archive
News

Feb. 14, 2018 | Mario Toneguzzi

Under the radar

Industrial real estate market hopes to maintain momentum in 2018

When it comes to the Calgary commercial real estate market, downtown office space grabs all the headlines.
Just like in sports, where star players occupy the limelight and grinders are often overlooked, the struggles of the downtown office market continue to dominate discussions of commercial real estate, while the industrial sector has quietly weathered the economic storm over the past three years.

Jon Mook, executive vice-president of industrial division for Barclay Street Real Estate, said absorption in Calgary's industrial sector ended the year in a positive position, and vacancy has turned the corner. Photo by Wil Andruschak/For CREB®Now
News

Jan. 19, 2017 | CREBNow

Poised for growth

Calgary's industrial market shows signs of turning the corner

While Calgary's downtown office sector and its plunging vacancy rates overshadowed all commercial real estate activity in 2016, the city's industrial market has better weathered the storm and is poised to grow in 2017, say experts.

According to Barclay Street Real Estate, vacancy for the industrial real estate sector finished 2016 at 7.76 per cent. It had peaked at 7.8 per cent in the third quarter of the year. In 2015, it was 6.57 per cent.

"Absorption was a negative 127,373 square feet for Q3. This was the only quarter of negative absorption we have had since the '90s," said Jon Mook, executive vice-president of Barclay Street Real Estate's industrial division.

Joe Binfet, managing director/broker of Colliers International in Calgary, said the city's office market is gaining traction following challenging conditions in 2016. Photo by Wil Adruschak/For CREB®Now
News

Jan. 10, 2017 | CREBNow

Positive traction

Real estate officials expect conditions to support turnaround in downtrodden commercial market

Calgary's commercial real estate market is showing signs it is finally moving on from tough economic conditions that sent vacancy rates soaring and rents plummeting over the past two years, say officials.

''There is a sense in the market that the worst is behind us and that conditions will gradually improve," said Joe Binfet, managing director/broker of Colliers International in Calgary.

The Calgary industrial market continues to see a negative impact from the downturn in oil prices as a large amount of space has become available for sublease over the past year. Photo: Getty Images.
News

Aug. 22, 2016 | Mario Toneguzzi

New normal

Calgary's industrial sector showing signs of strain

Calgary's industrial market continues to hiccup along in a weakened economy as vacancy rates have risen over each of the last four quarters and are likely heading toward the bottom of the cycle, said a second-quarter market report by Cushman & Wakefield.

"One positive is that the amount of space under construction has been cut substantially; helping to prevent future jumps in the vacancy rate," read the report.

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March 30, 2015 | CREBNow

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May 13, 2014 | CREBNow

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April 22, 2014 | CREBNow

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Sept. 07, 2012 | CREBNow

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July 04, 2012 | CREBNow

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