Vacancy rate drops for Calgary industrial real estate market to 4.5%

CALGARY — Sentiment in Calgary’s industrial real estate market is expected to be “cautious” over the first quarters of this year but tenant demand for space will remain “somewhat stable,” says a report by Cushman & Wakefield.

“As 2013 progresses, the global economy should begin to pick up, resulting in an increased demand for natural resources, setting Calgary and the rest of Alberta up for another surge in economic activity,” said the report.

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