Calgary’s industrial real estate market closed 2025 with stable fundamentals, shaped by occupier caution, pricing friction, and evolving space requirements. Industrial vacancy has stabilized near 4.5%, while net absorption moderated as tenants prioritized shorter lease terms, operational flexibility, and cost certainty amid ongoing economic uncertainty. Demand remains strongest for functional, land-focused industrial properties, with yard space, outdoor storage, and future expansion potential increasingly driving industrial leasing and investment decisions. Asking rents have continued to rise year-over-year; however, effective rents are being supported through incentives as landlords adapt to longer deal timelines and changing tenant expectations. With continued strength in logistics, distribution, and industrial outdoor storage (IOS) assets, Calgary’s industrial market remains competitive, resilient, and well-positioned heading into 2026.
📍 See the December 2025 Market Update for the latest insights and performance trends.
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