The Calgary industrial market is shifting as increased supply leads to higher vacancy rates, now at 4.5%. This marks a rise from previous quarters, with negative absorption of 353,000 square feet. The sublease vacancy rate is at 1.1%, and overall availability is 5.1%. Despite a slowdown in construction, demand for new industrial spaces remains strong, with 50% of new constructions pre-leased. Investment conditions are improving due to a recent interest rate cut, although industrial sales have declined from previous highs.
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