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Calgary Sublet Space Climbs To Record Highs

Despite Logistics Firms, Retailers Recalibrating Warehouse Space Needs, the Industrial Sector Appears Headed Toward Relative Balance

South Calgary Distribution Centre in Calgary's Southeast, the former home to Canadian Tire, is available for sublease. (Jake Cupit/CoStar Group)
South Calgary Distribution Centre in Calgary's Southeast, the former home to Canadian Tire, is available for sublease. (Jake Cupit/CoStar Group)

The amount of available Calgary industrial sublet space has climbed to 2.2 million square feet, approximately 18% of the total available space in the market. This is well above the 10% industrial sublet availability rate seen in the national market, which itself has seen a steady climb in sublet availability over the past year.

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