(Source: Calgary Herald)
Calgary’s industrial real estate sector has remained “relatively stable” during this year’s economic turbulence.
Colliers International in Calgary said in a report of the industrial real estate market that the vacancy rate climbed to 5.71 per cent in the third quarter of this year, up from 5.21 per cent in the previous quarter. This rising trend has continued since the third quarter of 2007 when it was 1.47 per cent.
Read the full article by Mario Toneguzzi “Report finds Calgary’s industrial real estate sector weathering the downturn” in the Calgary Herald (Oct 2, 2009).