Industrial Leasing Market Showing Signs of Recovery

Jun 11, 2010 by

Finally some good news on the Calgary Industrial Leasing market.  It’s interesting to keep in mind that global industrial markets consider an 8 to 9% vacancy rate equilibrium.  This is where neither the landlord nor tenant has “power” over the other due to extreme vacancies or lack thereof.    Calgary has not seen this vacancy rate for many years and as such Tenants are now considering possibilities for relocation or renegotiation of their leases as they no longer feel the landlord holds the power, of course providing the business owner remain confident in their business and its ability to remain strong over the foreseeable future.

Please see the Calgary Herald Article by Avison Young on May 11, 2010.