Third quarter activity continued to firm up the Calgary market

A strong tightening trend persisted in Calgary's industrial market through the third quarter of 2026, with overall vacancy decreasing again. Q3 was largely defined by an increasingly strong leasing environment, in which multiple offers for available space reemerged as a trend. In addition, 1.3 million square feet (msf) of new product was completed, most of which was build-to-suit. The completions included the 607,000-square-foot (sf) Princess Auto distribution facility at Stoney North Logistics Centre and the new Interlink Logistics Building 1C for TJX.

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