- The Calgary industrial market posted a robust quarter with 961,000 sq. ft. of positive net absorption, largely attributed to demand for large format space.

- The recent announcement of additional property tax hikes of up to 25% for large format industrial space in the City of Calgary is likely to further exacerbate the trend of tenants and developers moving outside city limits.

- An active 2020, combined with anticipated strong absorption activity in early 2021 is likely to result in a shortage of large pockets of space in the short to mid-term.