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Leasing continues to slow in Calgary’s small-to-medium bay industrial market

Lack of available space and sluggish economy combine to drag down activity in segment
Small bays available for sale or lease at the Essex Business Park in Calgary. (Donovan Bissett/CoStar)
Small bays available for sale or lease at the Essex Business Park in Calgary. (Donovan Bissett/CoStar)
CoStar Analytics
March 18, 2025 | 7:57 P.M.

Last year, small-bay leasing activity in Calgary’s industrial market slowed to its lowest level since 2015. Leasing in the medium-bay segment was also down in 2024, its lowest since 2021.

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