Calgary Industrial Market Report

Metro is well-positioned. Calgary’s industrial outlook was positive entering 2025, as lower interest rates fuelled economic expansion. While growth may be more moderate than originally forecast due to trade risks, the metro’s economy and industrial sector could outperform. Population gains, as well as energy producers seeking to increase output and expand beyond the United States, provide some opportunities. Lower interest rates, coverage from the USMCA trade agreement, a diversifying economy and a Federal election offering more domestic stability also cushion the metro from the ongoing trade tensions with the United States. Even so, 60 per cent of Calgary’s GDP is tied to U.S. imports, such as petrochemicals, agriculture and manufacturing. While most are trade complaint, a slowing global economy could have spillover effects into Calgary’s industrial sector.