Figures

Calgary Industrial Figures Q2 2026

Calgary industrial market maintains momentum

July 17, 2026 5 Minute Read

Calgary's industrial market remained stable in Q2 2026, with moderate net absorption supported by the delivery of 429,000 sq. ft. of new supply, 89.0% of which was pre-leased. Pre-leased new supply continues to be the primary driver of net absorption.
The availability rate declined by 10 basis points (bps), as demand continues to grow slowly. The decline continues to be most pronounced in the small-bay segment, where options under 10,000 sq. ft. have decreased 25.1% year-over-year.
Construction activity expanded for a fourth consecutive quarter, with inventory under construction reaching approximately 4.8 million sq. ft. Growth was supported by increased speculative development activity, including the commencement of Enright Capital's Gemini 52 and Remington’s Symmetry Industrial Park.
Available sublease space increased by 334,000 sq. ft. during the quarter, primarily due to the addition of Sobeys' 308,000 sq. ft. former Voilà grocery delivery facility. Despite the increase, overall sublease market conditions remained relatively stable, as the change was largely attributable to a single large-format listing.