Calgary’s industrial real estate market is entering Q4 2025 on solid footing, supported by competitive asking rents, declining sublease availability, and renewed investor confidence. Average industrial rents remain attractive at $13.31 PSF, positioning Calgary as one of Canada’s most affordable major industrial markets despite ongoing global economic uncertainty.
With a vacancy rate near 4.4%, strong net absorption, and resilient demand for small-bay industrial space, market fundamentals remain healthy. While rent growth is beginning to moderate due to increased concessions, stable yields, constrained supply, and initiatives like the City of Calgary’s Industrial Action Plan are helping sustain long-term momentum. Overall, Calgary’s industrial sector is well-positioned heading into 2026, offering balanced opportunities for tenants, landlords, and investors alike.
📊 Supply remains tight, but momentum is shifting again — optimism is building into 2026.
📍 See the October 2025 Market Update for Calgary’s latest industrial insights and performance trends.
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