Calgary Industrial Real Estate Market Active

All signs are indicating that the Calgary industrial real estate market will continue to boom and grow this year, says a new report by Cushman & Wakefield.

The company said overall vacancy in the sector was 6.6 per cent in the first quarter of this year, grows from 6.2 per cent in the first quarter of 2012. Net asking rents have jumped to $8.63 per square foot per year from $7.89 last year.

The report also said leasing activity in the first quarter of close to 1.4 million square feet is up from just over 921,000 square feet for the same period last year.

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