Market Report
Calgary Industrial Market Report
2026 Investment Forecast
New Policies Aid Long-Term Growth
While Near-Term Uncertainties Linger
Space demand to recover at a measured pace. Lower interest rates and increased oil production will be tailwinds in 2026, supporting demand for industrial space. While larger-bay facilities are likely to continue benefitting from Calgary’s growing distribution presence, smaller-bay spaces are expected to attract rising interest from tenants serving local communities. As a result, net absorption is forecast to improve gradually. Construction will also edge higher alongside the uptick in net absorption, helping to stabilize the metro’s vacancy rate. Over the long term, the metro’s Citywide Growth Strategy will advance Alberta’s Industrial Action Plan, aiming to strategically focus industrial development and attract investment. Key Industrial Area Structure Plans — such as Southeast 68 Street and Shepard — are included in this process, with targeted policy amendments and infrastructure planning. Meanwhile, potential energy infrastructure projects and talks about a new oil pipeline under the One Canadian Economy Act could also unlock development potential and reinforce Calgary’s position as a leading logistics and distribution hub in Western Canada.
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