Calgary outperformed other Canadian industrial markets in 2022, ending the year with a vacancy rate that dropped during the year by 180 bps to 2.1%, with more than 11.6M SF of positive absorption.
"The amount of annual positive absorption was the highest in the country, the year-over-year decrease in vacancy was the largest and asking net rents increased every quarter," said Colliers Canada's Q4 industrial report.
"With a promising development pipeline, 2023 will look to continue 2022's strong showing in Calgary," the report said.
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