Q4 2025 Calgary Industrial Occupier

Q4 2025 closed on a strong note for Calgary's industrial sector, with vacancy rates declining further from Q3 and demand remaining robust despite the current political climate. Pre-leasing activity continued its upward trend, even as under-construction inventory saw marginal shrinkage, with built-to-suit projects in the Balzac area driving high absorption rates across the Greater Calgary Area. Quarterly absorption levels edged higher than the previous quarter, underscoring sustained growth and confidence in the market. Calgary continues to lead Canadian industrial markets in year-over-year growth, cementing its position as the top-performing market in the country.